The dream of every individual is to own his/her own house sometime in their lives. Considering the ever reducing life spans of our cosmopolitan lives we would like to think that this event happens sooner rather than later in our busy lives. We find it as a great accomplishment when we manage to go ahead and get that home loan and buy a house even though the former is at an obnoxiously inflated rate of interest, leading us to pay nearly twice the actual amount of our dream house.
Now lets observe the situation around us. In most desirably habitable places the apartments are all sold out even before the first floor slabs are done with. However when the whole building is ready to be occupied no one is in the apartments. Who the hell are the people who bought these apartments at such ridiculous prices and can afford not to live in them. Let me introduce the culprits - the dearly beloved N.R.I. who seems to be earning so many truckloads of money that even though they have no intention of returning back home they will almost surely go ahead and invest their money on some real estate out here, leading to a surge in prices and ruining the dreams of the regular MIG Indian aka myself.
Now many of them will cribb their asses off telling me that they are actually contributing to the great Indian economy by pushing in their valuable dollars into the mill. Gimme a break yaar, if you want to really contribute non-zealously to the growth of the country while you earn a hefty sum abroad do so via some charitable institutions or maybe the capital markets or maybe some India centric investment funds.
If nothing else atleast wait till I manage to afford myself a decent 2bhk!
