So I’ve been looking for a place to buy. My mom thinks I should get “settledâ€. I think it’s a scary word and I have never quite understood why parents make it the purpose of their lives. If children are happy and content living their lives the way they want, why put so much pressure to conform to what they (the parents) think is the right way to live their lives?
Settling down in mom’s dictionary would mean having most (preferably all and more!) of the following — house, car, safe, secure job, money in bank, husband/wife, kids (not necessarily in the same order). While I don’t necessarily agree to this definition of being “settled in life†who’s going to do the explaining to my mom? Not me. I do want to live for a few more years :)
So anyways, I thought that buying a flat might create a false impression that I am. In the process of settling down or close to it. For some reason, my mom is also extremely disapproving of my travelling and wanderings and she thinks that I should “cut my wings” and sit at home, waiting for my old age to set upon me.
So once I put all my hard earned money in EMIs for a flat, I won’t have any money left : to travel! That, for some reason, fills her with an enormous amount of satisfaction. Mothers : I’ve stopped trying to understand them quite a while ago.
So anyway, back to my topic. In a bid to start the settling down process, I’ve been house hunting.
Did anyone know that you now need to pay upwards of Rs 3000 for one measly sq feet of space in this city? Whoever said that all you need is the ground you stand on and all that kind of philosophical blah? That itself is worth thousands today.
Unfortunately and shockingly, during the course of 2 months, I realised there’s little out there for a poor, single income, regular tax paying (saddled with numerous loans and outstanding credit card bills might I add) citizen like me!
Everywhere I go, the rates seem to be going through the roof. I’m wondering how hundreds of expensive flats in a single complex get sold just like that. The bored marketing guy (who can blame him, he has nothing to market!) of one complex on Ring Road informs me there’s absolutely nothing left. Zero. He shakes his head sadly.
Who are these people buying flats like apples and tomatoes? Who are these people shelling out 40+ lacs without batting an eyelid? I’d like to meet them and give them a piece of my mind!
I’ve gone to the far reaches of Banerghatta Road : far, far inside : I doubt that these places are actually in Bangalore. And they quote you some ridiculous rate with such a straight face that you come away feeling impoverished.
So I have 3 options before me:
1) Win the lottery
2) Find that rich uncle who was supposed to leave me his tea estate
3) Write a book and get rich
Hmm. The more I look at the three options, the more depressed I get by the minute. Did I say options?
I think I am going to be flatless and fancy free for a long long time. Though telling my mom that I’m not ready to settle down just yet is not going to be easy.
Halo to all!!!
I can probably help you people in buying a house or apartment in bangalore. I am a property consultant. Incase you are looking at buying or renting any place, please mail me with all the details. Will surely help you
Mail me @ priyanka.erappa@homebay.co.in
Posted by Priyanka | July 16, 2008, 12:47 pmAnita, posting a link to this article relevant to this discussion — it will be useful when people are house/property buying: it covers what is a Khata, what is a sale deed etc.
ABCs of property papers
Posted by Meera | September 12, 2008, 12:44 pmWow!!! the truth of any young generation entry this world out of college. Though the blog is 2 years old it holds good for everyone out there ” Forced to settle down”. Me looking for a flat from from past 4 years, Still searching have not found one, the reason everytime i push my limits higher the prices have jumped that much higher.That the sad story!!!. It will go on & on till there is a break down. looks like one is fast coming. me sitting in US can feel it. So all the prospective single income guys wanting to buy should have hopes like me. There could be light at the end of the tunnel
Posted by Ajit | December 31, 2008, 3:07 amHe Guys/Gals Just wait for a Year or so you will see property prices will decline which are most likely to in the year 1999 :).if you need any help contact me on anravindranatha@yahoo.com
Posted by Ravindranatha | April 29, 2009, 3:48 pmWell, I came across this blog. Look interesting. I also feel that TOI is an agent of developers and big builders. May be they are get paid to write in Propert Pages “Suburs hold the key to growth”, “North corridor is the best investment avenue” “See boom in Realty market after new government”… Even in the times of deep recession when markets worldwide were at rock bottom, and builders were running around to get their loans rolled over, TOI had been writing about the boom in the Realty. I dont read property pages on TOI for this reason. It is a white lie. I think it needs an enquiry to find out the nexus between TOI, builders and underworld (I believe realty is the black money to white money changing avenue for the underworld).
Posted by Mohan | May 31, 2009, 12:23 amHi Anita,
Nice blog about the house hunting woes.
Let me also put my observations over the decades as a Bangalorean.
I have seen people approaching me(and my friends) to purchase a 30X40 plot near Nagarbhavi in 1996–99, anything between 200–300 Rs/Sqft. Now a days asking price is more than 3200 (and some guys quote even 3900) for the same plot. This kind of all rise is happening because of:
a) Brokers usually look for anxiety in buyers and inflate the price
b) Buyers are always worried about price hike and will be in a state to purchase even for higher price thus pushing demand.
Markson
Posted by markson | July 15, 2009, 2:20 pmgood blog site
Posted by Raju Bhaia | February 19, 2012, 10:26 pmI have been thinking of buying a house in Mangalore or Bangalore. But in both the places the prices are so, so high that, I have started doubting whether I will actualy buy a house. And another reason is builders ask the money in black and the market value will be very less than what they charge and that is a problem to apply for loans.
Posted by BP | April 1, 2012, 11:24 pm