Emily Dickinson Where thou art - that - is Home.
Jane Austen There is nothing like staying at home for real comfort.
If one had taken a loan in 2003 for about 11 lakhs, repayable over 20 years; the interest rate would have been a measly 7.25%. The EMI (equal monthly installments) for repayments would have been just Rs. 9000. However now it is 2008 and those home loan recepients who opted for floating home loan rates at [...]
Reports from the construction industry indicate that the cost of constructing new buildings have increased dramatically in the last one year or so. Cost of steel has doubled in the last one year to about Rs. 60,000 a tonne. Similarly, cement prices are continuously rising and so are sand prices. Of course, labour and transport are [...]
Yesterday morning I had a surprise phone call from an agency that was arranging to take people on a site visit to some place near the Mahindra World City SEZ in Chennai. They said they had gotten my number from justdial. I certainly hadn’t given justdial permission to share my mobile number with 3rd parties, [...]
With some interesting comments from our readers in the last post, thought I’ll do one more post in this series. This being primarily to identify situations where apartments are better than independent houses purely on an investment basis. Anyone who has read part 3 & part 4 would know in which direction my views lie. [...]
Continuing from here In my slightly involved earlier post, I had pointed out why an independent house was a better investment over a run of the mill apartment. The argument basically tried to highlight that there was a hidden risk of downward bias in apartment prices, hinging on when the state governments decide to relax [...]
