As I heard from my friends, some plots in the periphery of the town towards hill side are earmarked for independent houses and they are auctioned by CIDCO which is the town planning agency here and these plots are bought after the auction price settles at 2 to 5 crores. In Mumbai area especially in South Mumbai there are many independent houses but they are costing more than 10-15 crores and only the celebrity status people can afford that. The cost is mainly for the plot and not for the old house which in many cases people demolish after buying and make a new design banglow of their choices.
Knowledge is power.
Initially, I was living in an apartment in Hyderabad. But later on, I purchased a piece of land and a house was made there. When I purchased the land almost 15 years back the cost was less. But now in this area, one square yard is costing about Rs.70,000/-. Even at that rate lands are not available. The land is so dear here in Hyderabad. I hear that same is the case in many of the cities and towns these days.
My brother purchased a house in the centre of the city which is costing about 3 crores. My sister's son purchased a house in the outskirts of Bangalore which cost him about 1.5 crores. In the coming days having an independent house will become much more difficult.
K Mohan @ Moga
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Choose a good village near the city. Construct an independent house. Enjoy life.
No life without Sun