Covet thy colleague's ... real estate? - On The Job

Covet thy colleague's ... real estate?

S. Mitra Kalita - Friday, September 19, 2008 1:36 PM

 Today's column married what has been The Topic in this capital -- the global financial crisis and the DDA lottery. Although on the latter, I think we all submitted our cheques and have moved forward with life. The former seems like we will be facing a fallout for months,possibly years to come. Have been getting differing feedback (check out the comments below the story) but I do have a slightly offbeat question to relate this to this blog. Does anyone toil in a workplace that suffers from constant real estate envy? Does how much one paid for their flat, or even rent dominate meetings and discussions? Do you feel judged by whether you own--and where? If you are inheriting a tonne of property from your working-class parents who just happened to plan a little better, do you shirk from the spotlight when real estate is mentioned?

These are all things I noticed in the real estate boom in the US--andn have started to see in India also. There becomes this peer pressure almost to buy buy buy. But like I said in today's piece, let's hope we aren't kissing our money bye bye bye. 

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2 Comment

From Gaurav Mittal

September 20, 2008 3:22 PM
There is frequent discussion at workplace about real estate and their growing unaffordablility. At the end we all wonder who buys all these flats piled up like match-boxes and how do they manage to do so? We in IT are supposed to be paid good but we aren't buying and even if some are doing they are at the mercy of Banks. People are buying as if nothing will be available tomorrow. They all are assuming it will continue to soar like this. I sincerely hope it should not.

From riathareja

September 22, 2008 5:37 PM
India is being acknowledged as one of the fastest growing economies in the world and in this current economic scenario, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. And this high growth curve in the real estate sector owes some credit to a booming economy and liberalized Foreign Direct Investments (FDI) regime in the real estate sector. Acknowledging the growth of Indian economy in general and its real estate sector in particular many people are investing in it. Property Tech, a subsidiary of Tech Group, has purchased two properties in India worth around Dh110 million as part of its plan to tap into new promising markets.For more view- realtydigest.blogspot.com

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