Sweet Home All-A-Drama

They say that when the going gets tough, the tough gets going! Well keeping in mind the financial state of the globe when the recession shocker hit hard, this phrase should be re-coined as ‘when the going gets tough the tough gets going..WRONG’!
All the ‘I want to buy’ has turned to ‘I wish I could’!
All the ‘honey I’m back’ has turned to ‘honey, they’ve asked me not to come back’
What happens to all our plans and dreams then?!

My wish list for 2009 was all about ‘four’:
1) Four new wheels (with a new car on it)
2) Four sets of four new walls (with new furniture in it)

But soon I realized that today, all needs have priority numbers and they don’t come easy!
This is when I remembered history lessons from school, which spoke of how our human race has adapted and made the best of every Ice age & Stone Age that threatened our livelihood.
Over the years, the quest for more and the drive to get there didn’t change but what did, were choices. This is where we introduced the term ‘adjustment’!

Living in this urban jungle made me realize that I could adjust with 2 new wheels instead of the four planned, as long as I got to where I was heading. I could adjust with just 4 new walls instead of the 16 planned so I still have enough money to live in it!
The latter is of utmost importance today, Trust me!

Here are some stats I found online (courtesy Makaan.com) on the trend of online property searches.

Increasing preference for affordable housing in Chandigarh
-> Upto INR 30 lacs segment most in demand in Chandigarh.
-> 58% property seekers prefer homes below INR 30 lacs
-> 50% property seekers prefer homes upto INR 20 lacs

Home loan rate of 9% looks comfortable feels Chandigarh seekers
-> 62% of seekers were comfortable at a home loan rate of 9%
-> 9% wanted the rates to be between 7-8%

Increasing preference for affordable housing in Mumbai
-> Upto INR 30 lacs segment most in demand in Mumbai
-> 76% property seekers prefer homes below INR 50 lacs
-> 59% property seekers prefer homes upto INR 30 lacs

Home loan rate of 9% looks comfortable feels Mumbai seekers
-> 56% of seekers were comfortable at a home loan rate of 9%
-> 8% wanted the rates to be between 7-8%

Increasing preference for affordable housing in Hyderabad
-> Upto INR 20 lacs segment most in demand in Hyderabad
-> 77% property seekers prefer homes below INR 40 lacs
-> 46% property seekers prefer homes upto INR 20 lacs

Home loan rate of 9% looks comfortable feels Hyderabad seekers
-> 60% of seekers were comfortable at a home loan rate of 9%
-> 10% wanted the rates to be between 7-8%

Also, You might want to take a look at an article on Indian Brand Equity Foundation, for some interesting insights on real estate & properties in India

Keeping in mind all of the above, the important thing I have learnt through such necessity in adversity is that human evolution never stopped. Change is indeed constant!