Engineer's Finance

These days I see many advertisements regarding the sale and so called the real estate price correction. Even now, it is not so very cheap as most of us think. I thought that the prices of the apartments are cheap but the truth is, it is not so. Nothing is cheap, everything is costly. A couple of years back when the real estate was in boom, the prices of the apartments were around 25 to 30 Lakhs. A few premium builders had their price which was only for the privileged high class people. It was generally in Crores. The budding builders and the enthusiast in this real estate who wanted their share of pie were giving the flats at reasonable price only. Continue reading →

Is this a new term that you are hearing for the first time? If so you need to know what it is all about. Lifestyle Inflation indicates the rise in your lifestyle expenses which you need to consider. As your disposable income increases, you tend to acquire certain expensive tastes and desires. This is also a function of the growth in availability of a number of options. For example, you would have been content to watch movies in an ordinary movie hall a few years ago. However, with the hefty pay hikes you’ve received over the years, you would now have upgraded to multiplexes. In simple terms, it means your ticket cost has jumped from Rs 100 to Rs 250. Continue reading →