I am always confused regarding how common man can purchase flat(2bhk) of 1 crore? Who is willing to pay high emi for 20 years may be 25 years?
Isn't it better to stay on rent for 14000p.m than to buy a 1 crore flat at hefty emi??
Suppose someone buys 1 cr. flat. Then max loan he can avail is 80 lacs. He has to give 20 lacs in cash!!!
Now suppose person pays 20 lacs in cash. Then What??
He has to give around 80000 rs. emi per month. Can a common man do that???
This thing should be understood by the property vendors.
Now just think. To pay emi of 80000 p.m. bank says that emi amount should be 40 % of the salary p.m.
40% of x = 80000 means x = (80000*100)/40 which is equal to rs.200000..
Now every tom dick and harry of delhi property dealer says 2 bhk is 1 crore.
How many of people aged 35 years gets 200000 p.m. salary?? Only a fraction lets say 1 in 1,00,000 (might be).
Then who can buy such a 2bhk flat??
A person getting 2L p.m. should not be living in 2 bhk DDA flats!! He should deserve much much better flats I suppose.
What you people should say??
Think from common man's angle and we know that 95% of people in Delhi gets monthly salary less than 50,000...
Who decides such irrelevant and meaningless prices?? All this seems to be fake. A US sub prime crisis like situation should come here because enough is enough. Our property dealers and their gangs should be bashed up.
Isn't it better to stay on rent for 14000p.m than to buy a 1 crore flat at hefty emi??
Suppose someone buys 1 cr. flat. Then max loan he can avail is 80 lacs. He has to give 20 lacs in cash!!!
Now suppose person pays 20 lacs in cash. Then What??
He has to give around 80000 rs. emi per month. Can a common man do that???
This thing should be understood by the property vendors.
Now just think. To pay emi of 80000 p.m. bank says that emi amount should be 40 % of the salary p.m.
40% of x = 80000 means x = (80000*100)/40 which is equal to rs.200000..
Now every tom dick and harry of delhi property dealer says 2 bhk is 1 crore.
How many of people aged 35 years gets 200000 p.m. salary?? Only a fraction lets say 1 in 1,00,000 (might be).
Then who can buy such a 2bhk flat??
A person getting 2L p.m. should not be living in 2 bhk DDA flats!! He should deserve much much better flats I suppose.
What you people should say??
Think from common man's angle and we know that 95% of people in Delhi gets monthly salary less than 50,000...
Who decides such irrelevant and meaningless prices?? All this seems to be fake. A US sub prime crisis like situation should come here because enough is enough. Our property dealers and their gangs should be bashed up.