The real estate market in India has been deadly since the epidemic, as prices climbed in higher cities such as Mumbai, Bangaluru and Hyderabad up to 30 %. The high demand, new limited release, and the appetite of the investor kept the market.
But while many of them are waiting for a correction indicating the rise of EMIS, flat salaries and organizational opposite winds that some argue that banking services in a state of failure may be a costly error. The last Reddit publication acquired this feeling, which led to a wave of reactions from users, who believe that Indian real estate, especially on the metro, is unlikely to lose steam anytime soon.
In a publication that quickly gained traction, a Reddit user warned against believing that the real estate market in India is about to collapse. The user warned: “Those who share this will be absent from buying a property in higher cities.”
Facing the idea that the losses of jobs driven by artificial intelligence can lead to a collapse, the user wrote, “Most of the arguments related to prices depend on fears of artificial intelligence eliminating jobs … Just imagine that artificial intelligence destroys jobs in this way, then the economy will not be restored, but the economy will only continue forward, but will only continue forward.
They argued that the major cities will continue to control due to the concentrated infrastructure and government spending: “jobs will always focus on large cities … The government is making a lot of spending there and has interests in good cities.”
The user added that “rejecting the idea that real estate is” cheap “,” 3BHK was expensive at 50 Ko in 2010 … expensive today again in 2 C. … and it will look expensive in the future as well. “
The echo of the post with many. One commentator said: “All my friends … who bought real estate … a paid price believes it is very high … things can only change if the government brings policies to bring jobs in T2/T3 cities.”
Another, the average home price/average salary of any major city has always been 10-15X … If the market breaks down, the person who holds 5 Crilidy will buy 10 homes … earn more so that you can withstand more. “
A third added, “I agree that the Resurrection Day scenario in artificial intelligence that gives jobs collectively seems unlikely … Your point of view on big cities is a spot … most jobs, especially high -value jobs, gather in cities.”
Others chanted this feeling of realistic examples. “Even if artificial intelligence gets rid of all jobs, it will remain in the expensive major cities … I heard about the killing of Bon/Mysore in Mumbai/Bangalore for 30 years yet. However, it hasn’t happened.”
With the highlight of the slow development to the metro, one of the users noticed, “When I moved to a site in North Bangalore … now only after about 15 years, it looks like part of Bangalore. Imagine how long it will take the second level cities to replace with Tier-1?”
Their conclusion: “Maybe 3 generations on the road … will slow down/crash. Until then, you have a house at level 1 if it is expected to work there for more than 10 years, it is not thinking.”
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