Unbelievable !!!

This is a follow up of Jagan's post on real estate prices in India, particularly in bangalore and chennai. I'm really at loss of words here. agreed its a seller's market when demand rises. but I do feel there should be a limit. prices are going up by atleast 10% every month. thats an unbelievable and ofcourse unrealistic growth.

an apartment in the outskirts of bangalore city costs about 60 lakhs. people are still going for these apartments. I know IT companies offer interest free loans to some of their employees, but is everyone in bangalore/chennai offered the same? to rent these apartments also costs a fortune, thereby making the city virtually un-liveable.

astronomical growth in select areas could be very harmful for the economy. its more sustainable if it could be spread out.