Comments on: The only piece of real estate in Bangalore that is worth buying http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/?utm_source=rss&utm_medium=rss&utm_campaign=the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying Wed, 04 Apr 2012 07:40:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Gargoyle http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-16073 Gargoyle Wed, 04 Apr 2012 07:40:02 +0000 http://neoindian.org/?p=1989#comment-16073 Did she really say Shobha Amethyst was "3km from the KR Puram Railway Station"? It's more than 3km even from Whitefield Railway Station that's the nearest one. As for the practice of calling every place in a 10-km radius "Whitefield".... they just get worse and worse, the real estate brigade! Did she really say Shobha Amethyst was “3km from the KR Puram Railway Station”? It’s more than 3km even from Whitefield Railway Station that’s the nearest one. As for the practice of calling every place in a 10-km radius “Whitefield”…. they just get worse and worse, the real estate brigade!

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]]> By: Satya http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-14802 Satya Mon, 17 Jan 2011 06:30:17 +0000 http://neoindian.org/?p=1989#comment-14802 I remember the HM World City Ad a few years ago .... sounded eggjactly like this ..... now that place looks so desolate, even a bloody ghost would need courage to venture into it .... Anyway, amazing post ... Real Estate in bangalore is just like this! I remember the HM World City Ad a few years ago …. sounded eggjactly like this ….. now that place looks so desolate, even a bloody ghost would need courage to venture into it ….

Anyway, amazing post … Real Estate in bangalore is just like this!

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]]> By: neo http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-13169 neo Mon, 28 Jun 2010 17:08:44 +0000 http://neoindian.org/?p=1989#comment-13169 Rahul, I hope you will literally LOL at some point while reading my blog. That's our "iso 9001 quality guarantee." :P -Neo Rahul,

I hope you will literally LOL at some point while reading my blog. That’s our “iso 9001 quality guarantee.” :P

-Neo

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]]> By: rahul http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-13149 rahul Sun, 27 Jun 2010 08:19:07 +0000 http://neoindian.org/?p=1989#comment-13149 i was lucky yet again that no one got a chance to reinforce in their minds that i indeed don't work (by which i revolt against serving the boss and their bosses 'customer') a lot while at work because i haven't laughed this hard (silently) reading anything in a while! i was lucky yet again that no one got a chance to reinforce in their minds that i indeed don’t work (by which i revolt against serving the boss and their bosses ‘customer’) a lot while at work because i haven’t laughed this hard (silently) reading anything in a while!

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]]> By: Ashish Singh http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-9488 Ashish Singh Fri, 05 Mar 2010 17:26:17 +0000 http://neoindian.org/?p=1989#comment-9488 While reading I felt it to be Carlin-ish. And there I see your tribute as a footnote. While reading I felt it to be Carlin-ish. And there I see your tribute as a footnote.

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]]> By: Raju http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-8877 Raju Wed, 17 Feb 2010 22:17:58 +0000 http://neoindian.org/?p=1989#comment-8877 Udamanakanoorakuchahalli is a real place? Udamanakanoorakuchahalli is a real place?

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]]> By: Sri http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-8768 Sri Mon, 15 Feb 2010 22:52:23 +0000 http://neoindian.org/?p=1989#comment-8768 Do you have a sense of humor or what!!! Your blogs are hilarious man.....Didn't realize R2I research could actually be fun (while getting a lot of helpful tit bits).... Do you have a sense of humor or what!!! Your blogs are hilarious man…..Didn’t realize R2I research could actually be fun (while getting a lot of helpful tit bits)….

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]]> By: neo http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-8561 neo Tue, 09 Feb 2010 03:25:20 +0000 http://neoindian.org/?p=1989#comment-8561 chicagor2i - Heh. Thanks for reading. :) -Neo chicagor2i – Heh. Thanks for reading. :)

-Neo

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]]> By: chicagor2i http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-8560 chicagor2i Tue, 09 Feb 2010 03:15:19 +0000 http://neoindian.org/?p=1989#comment-8560 I laughed out loud a few times reading your blog and the comments that follow! Keep up the "social service" - we all need it! I laughed out loud a few times reading your blog and the comments that follow! Keep up the “social service” – we all need it!

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]]> By: Dinesh http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-8159 Dinesh Mon, 01 Feb 2010 10:37:49 +0000 http://neoindian.org/?p=1989#comment-8159 You missed the in a convenient "All inclusive price of 59.4 Lakhs" and just 25KM from the City (Note: It is not mentioned which city) and 30KM from MG Road. In India, every city, town, and village has an MG Road and if you mention that your apartment is 30KM from MG Road, you are definitely going to bump into one MG Road in that distance! You missed the in a convenient “All inclusive price of 59.4 Lakhs” and just 25KM from the City (Note: It is not mentioned which city) and 30KM from MG Road. In India, every city, town, and village has an MG Road and if you mention that your apartment is 30KM from MG Road, you are definitely going to bump into one MG Road in that distance!

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]]> By: zubintavaria (Zubin Tavaria) http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7829 zubintavaria (Zubin Tavaria) Mon, 25 Jan 2010 13:06:49 +0000 http://neoindian.org/?p=1989#comment-7829 LOL! We're considering buying an apartment in Bangalore, & this is so apt. Hilarious! http://bit.ly/8Uq6oU via the awesome <a rel="nofollow" href="http://twitter.com/neo_indian">@neo_indian</a> LOL! We’re considering buying an apartment in Bangalore, & this is so apt. Hilarious! http://bit.ly/8Uq6oU via the awesome @neo_indian

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]]> By: choxbox http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7841 choxbox Mon, 25 Jan 2010 12:52:02 +0000 http://neoindian.org/?p=1989#comment-7841 Thanks for the laughs! Thanks for the laughs!

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]]> By: delhistruggle (Our Delhi Struggle) http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7825 delhistruggle (Our Delhi Struggle) Mon, 25 Jan 2010 12:46:32 +0000 http://neoindian.org/?p=1989#comment-7825 Once again, <a rel="nofollow" href="http://twitter.com/neo_indian">@neo_indian</a> wins the internet http://bit.ly/8Uq6oU hilarious! Once again, @neo_indian wins the internet http://bit.ly/8Uq6oU hilarious!

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]]> By: sabmayahai http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7831 sabmayahai Mon, 25 Jan 2010 06:52:21 +0000 http://neoindian.org/?p=1989#comment-7831 When we left India and rented out our 1cr+ flat (what we considered proud achievement made possible by 40% NRI money and 60% bank loan) to our neighbourhood truckwala, only to find out a year later he was breaking contract to move into his *larger*, *higher floor* apartment, paid for by 80% *cash* and 20% white from a miniscule portion of his income earned primarily thru never even having left the neighbourhood. We globe-trotters underestimate the amount of black money sloshing through the Indian economy, which only the neighbourhood real estate agent/lala/small auto part dealer/*add any other small business here* have a true estimate of. @neo - chewing "fodder", while I do agree with you on prices moving in tandem with income growth, I think pent-up demand from the hordes of fresh graduates churned out by our incredible uni's every year who make on average 25k per month, will marry and settle and have kids and will need a home to live in, will outstrip supply. And of course a large portion of the Indian GDP is not officially accounted for of which a portion invariably finds its way into Indian real estate. There are many sub plots to the India story which we white income earners will never get a grasp of and that is what makes India so incredible :) When we left India and rented out our 1cr+ flat (what we considered proud achievement made possible by 40% NRI money and 60% bank loan) to our neighbourhood truckwala, only to find out a year later he was breaking contract to move into his *larger*, *higher floor* apartment, paid for by 80% *cash* and 20% white from a miniscule portion of his income earned primarily thru never even having left the neighbourhood.
We globe-trotters underestimate the amount of black money sloshing through the Indian economy, which only the neighbourhood real estate agent/lala/small auto part dealer/*add any other small business here* have a true estimate of.

@neo – chewing “fodder”, while I do agree with you on prices moving in tandem with income growth, I think pent-up demand from the hordes of fresh graduates churned out by our incredible uni’s every year who make on average 25k per month, will marry and settle and have kids and will need a home to live in, will outstrip supply.

And of course a large portion of the Indian GDP is not officially accounted for of which a portion invariably finds its way into Indian real estate.

There are many sub plots to the India story which we white income earners will never get a grasp of and that is what makes India so incredible :)

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]]> By: Godot http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7818 Godot Sun, 24 Jan 2010 22:42:50 +0000 http://neoindian.org/?p=1989#comment-7818 Reminds me of the mastercard ad. The version for Bangy RE would be - "There are some properties that (white) money cannot buy, (because) for every other (1cr+) apartment there is (Ncrs+,where N=2 to infinity of) BLACK MONEY." You must be knowing already that the underground economy of India is at least 10-20X larger than the official one. RE is the perfect asset for money laundering. All those crores that Lala used to worship every morning in his sinduk (remember Anupam Kher in "Dil" ?) is now embodied in an apartment. Have you seen folks performing "puja" in the mornings in front of vacant apartments yet ? Reminds me of the mastercard ad. The version for Bangy RE would be – “There are some properties that (white) money cannot buy, (because) for every other (1cr+) apartment there is (Ncrs+,where N=2 to infinity of) BLACK MONEY.” You must be knowing already that the underground economy of India is at least 10-20X larger than the official one. RE is the perfect asset for money laundering. All those crores that Lala used to worship every morning in his sinduk (remember Anupam Kher in “Dil” ?) is now embodied in an apartment. Have you seen folks performing “puja” in the mornings in front of vacant apartments yet ?

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]]> By: neo http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7805 neo Sun, 24 Jan 2010 09:26:00 +0000 http://neoindian.org/?p=1989#comment-7805 Curious: what do you mean by obese buildings ? You don't like their architecture ? -Neo Curious: what do you mean by obese buildings ? You don’t like their architecture ?

-Neo

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]]> By: Supremu http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7804 Supremu Sun, 24 Jan 2010 08:47:52 +0000 http://neoindian.org/?p=1989#comment-7804 Hilarious!!! These obese buildings in bangalore make me feel like its goinna burst any time and leave a bad odor all around. Hilarious!!! These obese buildings in bangalore make me feel like its goinna burst any time and leave a bad odor all around.

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]]> By: neo http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7803 neo Sun, 24 Jan 2010 08:23:00 +0000 http://neoindian.org/?p=1989#comment-7803 Godot, I lived for almost a decade in the bay area, so I know exactly what you feel about housing there. :) I'm not sure what you mean by median income, but 50 lakhs is very high as far as income in Bangalore goes. Perhaps many dual-earning professional couples can get to a combined income of 50 lakhs, but I'll be surprised if the number of such families is anywhere close to the number of apartments that go for 1 crore. -Neo Godot,

I lived for almost a decade in the bay area, so I know exactly what you feel about housing there. :)

I’m not sure what you mean by median income, but 50 lakhs is very high as far as income in Bangalore goes. Perhaps many dual-earning professional couples can get to a combined income of 50 lakhs, but I’ll be surprised if the number of such families is anywhere close to the number of apartments that go for 1 crore.

-Neo

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]]> By: Godot http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7802 Godot Sun, 24 Jan 2010 08:09:19 +0000 http://neoindian.org/?p=1989#comment-7802 Dude, I hear you. The SF Bay Area is infected with an almost similar malaise. The latest median annual income and house prices ratios are almost 1:10 in good school districts in Santa Clara county (clarification: 1. "good" schools meaning not 90%+ asian infested nor mexican gang infested 2. "house" meaning what the rest of America considers a "home" i.e. not a 70 year old fence with a roof) . From what I hear the ratios in Bangalore are still around 1:2 for apartments. (clarification: Median income: 50 lakhs, apartments 1crore). The grass is greener on the other side no ? Dude, I hear you. The SF Bay Area is infected with an almost similar malaise. The latest median annual income and house prices ratios are almost 1:10 in good school districts in Santa Clara county (clarification: 1. “good” schools meaning not 90%+ asian infested nor mexican gang infested 2. “house” meaning what the rest of America considers a “home” i.e. not a 70 year old fence with a roof) . From what I hear the ratios in Bangalore are still around 1:2 for apartments. (clarification: Median income: 50 lakhs, apartments 1crore). The grass is greener on the other side no ?

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]]> By: neo http://neoindian.org/2010/01/22/the-only-piece-of-real-estate-in-bangalore-that-is-worth-buying/#comment-7797 neo Sun, 24 Jan 2010 06:36:59 +0000 http://neoindian.org/?p=1989#comment-7797 Ritesh, You can save Rs. 1000 by buying 5 one bedroom flats, and making sure the rest of the building does not sleep for an entire year while you're breaking down the walls and remodeling. :) -Neo Ritesh,

You can save Rs. 1000 by buying 5 one bedroom flats, and making sure the rest of the building does not sleep for an entire year while you’re breaking down the walls and remodeling. :)

-Neo

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