We are too forced to buy a plot a Rs 460 per sqft while the circle rate is only Rs 100 per sqft. And the builder demands more than 50 percent money in cash. One thing I don't understand however, how can the builder manage the black money while registering at circle rate?

Moral of the story: get rich?

Short term yes; long term no

The biggest looming danger is permanent subscription living. If the govt doesn't introduce higher taxes on owning multiple properties, ultra-rich folks will end up buying all the properties and the rest will be left perpetually leasing them. This is what's happening in the US. Some tech bros realized they could exploit the wealth gap and Zillow was born. It failed but won't take long for others to pop up.

I think Mumbai will top in this game. No wonder almost 80% of people here lives in slums irrespective of their education. https://citizenmatters.in/mumbai-real-estate-low-housing-demand-high-prices-15188

In such situation, is it fair for the companies to call back their employees back to offices in such cities? No way. But its all a game I guess. Even though companies are saving money from WFH model, but I guess they got some stake in real estate renting and selling, which they are worried about. Plus more control over employees time.

Exactly! Sadly, real estate is not a market it's a mafia world carefully controlled by the local politicians + builders + big investors. In Mumbai, wealthy people and NRIs rush to buy flats under construction, they don't care if they won't get possession in said time. They will just buy it. And then after possession will sell at sky rocket price. Still there are people putting in hard money and buying such houses and after a few years(5-10) expect good returns(even the house doesn't justify the cost) as they became victim to the system and now want more profit. This cycle continues and hence the market never goes down irrespective of the factors like recession, inflation or something like Covid.

Can't agree more..

Thanks for sharing the channel… !