Reality check on realty

 Today while writing a cheque for Rs67000 odd in favour of my housing cooperative society towards the quarterly maintenance dues, I couldn’t help but reflect upon my first rented house as a professional in late 1980s. I paid a royal amount of Rs700 per month for an independent 3 bedroom house that included Rs50 towards monthly electricity bill. And my employer was happy because I was below my entitlement of Rs750.

Today, in the society where I live, independent houses exist only in dreams and three bedroom apartments that would be half the size of my first rented house, would entail a monthly rental in excess of Rs2 lakh! 

The only relief in all the above is that notwithstanding the obscene state of affairs in the matter of realty prices – ownership as well as rental basis –  people are affording all this, which evidences economic upliftment, especially of middle classes. The theory – if you can you might as well – is eminently applicable in this case. 

One thought on “Reality check on realty

  1. I am fortunate to have very good neighbours residing within our building. It’s an extremely vital issue, especially when timely payment of Maintenance are essential for shared benefits.

    You must be also fortunate to have friendly neighbours in your housing complex.

    Liked by 1 person

Leave a comment