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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: 8bits who wrote (6973)	6/5/2006 1:40:15 PM
From: elmatador	Read Replies (1) \| Respond to of 217755

No real estate will develop in places like these! "Protecting" a few people to the detriment of the majority.

To: 8bits who wrote (6973)	6/5/2006 7:38:47 PM
From: arun gera	Read Replies (2) \| Respond to of 217755

Bombay is as capitalist as a city can get. However, the Rent Control issue is an old issue and was the same 30 years ago. There is another way landlords balance that out. They take an advance ("pagree") which can be as high as half the price of the house. And the landlord keeps the interest. And the deposit if the renter never leaves. While getting renters to vacate can be troublesome every other Indian city, it is an extreme problem only in Bombay. >I think different parts of India are more capitalist oriented (such as Bangalore..)it seems to vary from state to state>