Banks are getting greedier by the day,,the property prices should hit rock bottom. These are all artifical demand,,created by greedy people and middle class people who dreamed of a good affordable house is unable to buy them. Wishing the prices hit rock bottom so that I can buy.
Re: It should hit rock bottom
by Orient Mystique on Nov 22, 2011 08:52 AM
Unfortunately the cycle is very vicious dear. Assuming prices of properties fall, banks' security cover will fall, they will have more NPAs and will freeze fresh lending. Sellers of old houses / flats will think several times before selling at reduced prices, new constructions will stop because they will be unattractive for real estate businessmen with input prices not falling.
So, you may end up where you are now, no better, no worse.
by property market to talk up real estate. take a look at dubai. despite all attempts to talk up the market the fact is real estate all over the world is in dumps. How much black money can you park in real estate? some portion has to be paid in white. there is no real demand.And most developers had to sell off their land banks in order to deleverage their balance sheet. In todays times there is both massive unoccupied office space in Nariman Point and also reports of 5 top RE firms with negative growth.Wake up.
Re: Good try
by srinivanan krishnan on Nov 21, 2011 11:07 PM
Very correct. I agree with you. 100%!!!
The writer of this article has conveniently forgotten the fact gargantuan amounts of black money, i.e., the money from tax evasion, financing illegal trades like smuggling, hawala, politician's money etc circulates in the Real Estate business in India. That is the only reason why bcoz of demand being almost nothing, the real estate barons are able to support their businesses. If the govt wants to do sumthing about black money, it must regulate the real estate sector. But try google unitech and robert vadra and u'll know the reason why govt is not doing anything!!!
The writer of this article has conveniently forgotten the fact gargantuan amounts of black money, i.e., the money from tax evasion, financing illegal trades like smuggling, hawala, politician's money etc circulates in the Real Estate business in India. That is the only reason why bcoz of demand being almost nothing, the real estate barons are able to support their businesses. If the govt wants to do sumthing about black money, it must regulate the real estate sector. But try google unitech and robert vadra and u'll know the reason why govt is not doing anything!!!
Why a Property dealer will not agree he is in trouble? by
Aam Aadmi on Nov 21, 2011 09:33 PM | Hide replies | Hide message
Why not this guy accept that he is in trouble? Go to any property market, they will say only one flat is left out, all others are sold out. It is just a similar article. Guys, property markets are in trouble. Do not buy now. Believe me!!
Re: Why a Property dealer will not agree he is in trouble?
by srinivanan krishnan on Nov 21, 2011 11:09 PM
True. Rather than say property market is in trouble. I will say property bubble will burst like a balloon one day which is not far.
Re: Re: Why a Property dealer will not agree he is in trouble?
by Indian on Nov 22, 2011 10:53 AM
i believe the day is not far when the bubble bursts. it will be good for the overall real-estate sector.
Why a Property dealer will not agree he is in trouble? by
Aam Aadmi on Nov 21, 2011 09:33 PM | Hide replies | Hide message
Why not this guy accept that he is in trouble? Go to any property market, they will say only one flat is left out, all others are sold out. It is just a similar article. Guys, property markets are in trouble. Do not buy now. Believe me!!
Leverage, Greed!!! Seriously, rediff has really outdone itself. Had the output not been so uniformly bad, it could have easily been nominated as the worst article ever. Do the editor even check before putting it online. Seems like someone has put his 8 year old son's homework on the net.
Re: Horrible article!!!
by Suresh B on Nov 21, 2011 09:48 PM
8 year olds have more intelligence and integrity.
BJP started all the Increase in Property Prices by
PEARS on Nov 21, 2011 09:30 PM | Hide replies | Hide message
Its the BJP , soley responsible for inflated property prices, ie they only started giving homeloans and all, this in turn rolled into highly inflated prices. With useless PM (MMS) it still rose to skyhigh .
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