Monday, July 6, 2009

Real Estate in Andheri

During morning walks, trips to the school bus pick up/drop point are always peppered with talks on the jobs situation.Inevitably the conversation veers towards a discussion on the real estate situation.People who thought the rates at Kalpataru were obnoxious are now secretly hopeful about a change of heart by the builder. There are ads appearing on sunday newspapers and the local "anything but friendly" estate consultant/agent/broker.All of them effortlessly mention the big C as the prevailing rate. Paying 1 Cr of rupees for a flat with 800 odd sq ft of carpet might sound ridiculous but there is a shy group of buyers who are lurking around the corner. Many such deals are still being struck.One such broker offered an under construction building behind Majas Depot for a princely sum of 7000 rs psqft. Who was the builder? John Builders was the reply. No one really has a tab on the credentials of such builders. It is for the buyer to do the bull work of figuring out for himself/herself.Everyone in his/her building is eyeing for any potential movement in their own societies.That is where they feel they can strike a value deal without compromising much on the set up.The Real estate economy runs on the runrate business of leave and license and strikes gold when some greater fool steps in.The stretch between Namaskar to Takshila has a minimum of 40 to 50 agents, subs and the chain below.Its for you to figure out who has the best hold in the area

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