So goes an advertisement on Facebook.
So, if you buy a house worth 51.99 Lakhs, you can get 100 grams of gold worth at least 6,30,000/- or in other words, the builder will give you a discount of the same value or a lower value (considering that he is giving you vouchers for a jewelry brand where you will be paying for making charges and the actual value of the discount could be 10-20% lower).
The same is applicable on purchase of a 2 Bed Room Kitchen set.
Not only that, you don’t have to pay for stamp duty or registration (but this is a limited period offer).
So, does this indicate that the real estate market is struggling? Especially in far flung areas like Virar (the last stop for most trains originating from Churchgate).
Why is it that apartments are lying unsold and it is becoming difficult to sell them?
The answer probably lies in the long commute that one has to endure after pumping in so much money and after climbing a debt treadmill that will last for 20 to 30 years.
The other issue is that although Virar is the originating station for most trains towards the city, it is almost impossible to get into a train that starts from here. The reason being that people do a return journey from Vasai and Nalla Sopra, the stations before Virar. So, by the time the train reaches Virar, it is already full and it is even difficult to find even standing space in the train.
Thus, Vasai and Nalla Sopra are better destinations for apartment buyers. They can at least look forward to comfortable seating in their morning commute to work.
Many projects in Virar are suffering because of this. Yet, the railway authorities have done nothing to address this problem.
If you buy this apartment, your wife may end up being happy but then you will have to spend every day for the rest of your life traveling squeezed like a sardine in a tin can. Yet, it may be an intelligent choice that you make.
