I think the discussion should be able around: 1. Price parity (which you did cover) 2. Common city amenities and offerings like quality of air, water, parks, public transport, infrastructure, culture, safety and general standard of living for the poorer classes (these are metrics about developing vs developed and should be very important). 3. Demand vs price gouging With that in mind, I believe it is stupid that the price of real estate is so high in metros of India.
@@angadbsingh the supply is enough in my opinion. If you look at Mumbai, the unsold inventory stock is about 6L in active projects. The problem is pricing, and longer it is takes to sell these units, price expectation increases, leading to more unsold inventory.
Sitting in our ivory towers we wanna refuse to believe India is developing nation but matter of fact is WE ARE. 😅😅😅😅😅 what’s happening with camellias and dahlias is just insane because from 100 crore apartments they will still breathe smog, consume contaminated water and eat food full of pesticides but yes the rupee depreciating should be a fact checker like you mentioned.
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I think the discussion should be able around:
1. Price parity (which you did cover)
2. Common city amenities and offerings like quality of air, water, parks, public transport, infrastructure, culture, safety and general standard of living for the poorer classes (these are metrics about developing vs developed and should be very important).
3. Demand vs price gouging
With that in mind, I believe it is stupid that the price of real estate is so high in metros of India.
Thanks for your feedback. IMO one of the major reasons for the price is very simple - demand vs supply.
@@angadbsingh the supply is enough in my opinion. If you look at Mumbai, the unsold inventory stock is about 6L in active projects. The problem is pricing, and longer it is takes to sell these units, price expectation increases, leading to more unsold inventory.
@discoguru8363 let's talk about Gurgaon.
Sitting in our ivory towers we wanna refuse to believe India is developing nation but matter of fact is WE ARE. 😅😅😅😅😅 what’s happening with camellias and dahlias is just insane because from 100 crore apartments they will still breathe smog, consume contaminated water and eat food full of pesticides but yes the rupee depreciating should be a fact checker like you mentioned.
Indeed! This is just the beginning. We are running late wrt the infra development. But that’s the case throughout the country.