@VishalBhargava5 will the attacks on Dubai lead to increased luxury RE demand in Mumbai and Gurugram - crazy taxation maybe a lesser evil compared to flying missiles ;)
@VishalBhargava5 Add to it the entire ecosystem built around mis-selling: Home loans with moratorium which a lot of buyers don’t understand and property insurance for under construction units (insurance before a property comes into existence could well be the best innovation from India)
@ImDrPooja For most middle class people who have their jobs/businesses and family (read young children and elder parents) to take care of - this does not seem practical on sustainable basis.
@VishalBhargava5 It’s time the high end commercial offices enter Thane for these prices to look a good deal to the end user, else, you are looking at at market which attracts a buyer with budget of not over 1.5 cr
@ThetaVegaCap Maybe also mention about volatility - people who have 1 cr invested in equities (by far the only asset class which can give 10% returns) get used to regularly seeing notional P&L of 1-2 lakh in a day…
@chandrarsrikant Positive that CAs and Lawyer’s could have provided a workaround. In any case, one can always donate a few thousand crores today. Maybe even add notional interest. Ask not what the state can do for you; ask what you can do for the state 🙃