Thursday, July 10, 2008

Houses in Delhi ....India

Houses are sooooooooooooo expensive these days!!!!!!! Impossible to buy. The real estate prices have skyrocketed. THe realty boom (??) has marked a pall of gloom for the middle class. The prices of houses have shot up by double in the last six months, or the landlords are just going crazy. In Delhi, in places like Dwarka or even the outskirts of Dwarka towads Dabri Mor, the prices of the houses - sold through owners, have literally doubled in the last six months. The middle classes like us cannot take houses in areas of our choice. Only if we agree to go out of Delhi towards Ghaziabad or even further, can we get houses that we can buy - even with housing loans.

And, the housing loans are another story....the rate of interest!!! Gawd.

What does one do in this scenario?

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