Re: The real estate bubble is yet to burst in India....
by Srinivas vishnu on Dec 04, 2009 05:01 PM
This will not happen in India as Most of it is of political base and many stashed it in real estate with benami names rather than in Swiss banks as some thought it. The real buyers are again our elegatarian bureucrats (IAS/IPS/Govt employees) who are ever fed with funds of corruption and they too don't fly out often. No wonder, even now, many prefer Govt Jobs to private Jobs. These guys brought it for the extra cash, and never need to sell their assets as the Govt keeps robbing the common man to keep these hungry greeds fed, with new pay commissions every year.
Oh himesh you should have paid rediff like karan johar did for Qurbaan. This guy went overboard and tried his best to get us in. Himesh learn some marketing yar!
