tag:blogger.com,1999:blog-19740856.post1103758291613657759..comments2024-03-28T23:30:16.420-07:00Comments on India's housing bubble: The "B" KathaUnknownnoreply@blogger.comBlogger88125tag:blogger.com,1999:blog-19740856.post-78961155899588353732013-10-30T02:56:36.382-07:002013-10-30T02:56:36.382-07:00Thanks for Sharing nicee.... You can also refer 3 ...Thanks for Sharing nicee.... You can also refer <a href="http://www.janhaviconstructions.com/apartments/apartments-near-electronic-city.html" rel="nofollow">3 BHK Apartments near koramangala</a>Anonymoushttps://www.blogger.com/profile/12093404524554320009noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-88302170182963108372013-02-25T21:02:35.542-08:002013-02-25T21:02:35.542-08:00Sumoproperties mantra to green living: Located off...Sumoproperties mantra to green living: Located off Kanakapura main road, well planned, right at the heart of nature. Amidst extensive, unharmed green scapes that have made Bangalore earn its pride as "Garden City". We have Apartment sale in South Bangalore. Neighbours at a look: Iskon Temple walk able distance, Mantri Tranquil stone throw away, Yellamma Dassappa Hospital- 1.5 kms, Delhi Public School- 3 kms, Konankunte Intersection -3 kms, City Engineering College- 1.5 kms, Metro Cash and carry-3 kms, Kumarans School-2 kms.<br /><a href="http://%20www.sumoproperties.com/about_us.html/" rel="nofollow"> Apartment Sale in Bangalore South</a><br />Anonymoushttps://www.blogger.com/profile/08267830898940988599noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-56370502707852154002011-12-19T20:12:34.351-08:002011-12-19T20:12:34.351-08:00Niceeeeeeeeeee post we like itNiceeeeeeeeeee post we like itLatest Bollywood Newshttp://www.bollywood-4u.comnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-68525347707754829442011-12-17T12:38:56.795-08:002011-12-17T12:38:56.795-08:00http://www.business-standard.com/india/news/nris-o...http://www.business-standard.com/india/news/nris-onproperty-buying-spree/458868/<br /><br /><br /> Email this Facebook Twitter Print this <br />NRIs on a property buying spree<br />Dilasha Seth / New Delhi December 18, 2011, 0:01 IST<br />Ads by Google<br />Alpha Property Management : & Real Estate Co. - Full Service Management CALL NOW (650)366-5721 <br />www.alphareco.com<br />To cash in on the rupee depreciation, non-resident Indians (NRIs) are making a beeline to buy property in India. Most developers Business Standard spoke to claimed a 25 to 30 per cent spurt in sales to NRIs over the last two months.<br /><br />Since August, the Indian currency has fallen by around 20 per cent against the US dollar. According to real estate companies, brokers, analysts and consultants, this has triggered a substantial rise in the volume of property-related enquiries from NRIs. The actual deal numbers have also gone up considerably. Many NRI buyers are even buying multiple units for investment purposes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-77742197587299482742011-12-16T04:40:08.303-08:002011-12-16T04:40:08.303-08:00good job donegood job doneAnkanhttps://www.blogger.com/profile/12049274861386066556noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-15564996017639020852011-12-13T15:42:59.709-08:002011-12-13T15:42:59.709-08:00Hi,
Now slowly newspapers started carrying out ar...Hi,<br /><br />Now slowly newspapers started carrying out articles about RE crash.<br /> Now the news has to spread to masses.<br /><br />I have done my bit.<br /><br />www.ksmfinanceindia.blogspot.comMangomanhttps://www.blogger.com/profile/00091941691188942489noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-46345149193174425752011-12-13T11:27:16.154-08:002011-12-13T11:27:16.154-08:00So does that mean for present government to fall -...So does that mean for present government to fall - RE prices should fall but for RE prices to fall, present Govt should fail?<br /><br />If that is the case then only an external black swan event will start this course. Perhaps the Fed+ECB mishandling of Euro will cause a systemic banking collapse by the unexpected run on derivatives market, or Iran will bomb Israel, or China does something stupid.skeptic's ghostnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-1930962147330693082011-12-13T11:00:24.375-08:002011-12-13T11:00:24.375-08:00@Skeptic:
People will vote for UPA because they a...@Skeptic:<br /><br />People will vote for UPA because they are happy with high RE prices. People are happy as there is a lot of liquidity in the market. Businesses have grown ten folds. People are spending and money is in cycle. Most middle class feels rich and would vote for UPA. <br /><br />Now, middle class is also pissed off at corruption. If Anna's movement goes through, and due to macro economic factors 2012 takes down India shining story, the same middle class will become against UPA and will vote them out. If RE prices fall in 2012, UPA would definitely lose elections.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-57101014525745561722011-12-13T09:46:17.424-08:002011-12-13T09:46:17.424-08:00@Polt
Governments here have lost elections on thin...@Polt<br /><i>Governments here have lost elections on things as trivial as onion prices.</i><br /><br />Bang on! Madam and her chamchas have looted the country with both hands in the last 8 years. For now their coffers are full and now they will put a brake on the loot and focus on winning the next elections.Pawanhttps://www.blogger.com/profile/03969690253002313371noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-28712537348804292222011-12-13T09:40:13.224-08:002011-12-13T09:40:13.224-08:00@Polt - Explain how the Congress and NCP in Mahara...@Polt - Explain how the Congress and NCP in Maharashtra is winning in Rural elections and slated to win in Municipal election in spite of the inflation, high priced housing etc - check out the results from this week. <br /><br />Also INC swept the LS and Legislative by-polls. This only means that people have become used to inflation unlike in 1998-99 when BJP lost Delhi, Rajasthan MP due to spike in food prices. <br /><br />Im not saying that the Indian voter is dumb and that discussion is beyond the scope of this blog. Just saying that the governments are crafty enough to make sure everything is under control around election timeskeptic's ghostnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-1922398846804052152011-12-13T09:17:11.905-08:002011-12-13T09:17:11.905-08:00Sorry for multiple posts, my browser got stuck. Da...Sorry for multiple posts, my browser got stuck. Damn Airtel network.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-8429362389403979962011-12-13T09:16:02.410-08:002011-12-13T09:16:02.410-08:00True,
India cannot afford more inflation. Interest...True,<br />India cannot afford more inflation. Interest rates will remain high, no more nonsense money printing stimulus till 2014 elections. Rupee will keep falling and GDP will keep going down which will correct inflation till elections.<br /><br />As a result, RE will suffer. If RE prices do not go down, there would be hyperinflation to keep them afloat.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-18893263083393790632011-12-13T09:15:09.727-08:002011-12-13T09:15:09.727-08:00True,
India cannot afford more inflation. Interest...True,<br />India cannot afford more inflation. Interest rates will remain high, no more nonsense money printing stimulus till 2014 elections. Rupee will keep falling and GDP will keep going down which will correct inflation till elections.<br /><br />As a result, RE will suffer. If RE prices do not go down, there would be hyperinflation to keep them afloat.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-70640692306087740412011-12-13T09:14:38.006-08:002011-12-13T09:14:38.006-08:00True,
India cannot afford more inflation. Interest...True,<br />India cannot afford more inflation. Interest rates will remain high, no more nonsense money printing stimulus till 2014 elections. Rupee will keep falling and GDP will keep going down which will correct inflation till elections.<br /><br />As a result, RE will suffer. If RE prices do not go down, there would be hyperinflation to keep them afloat.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-19866673836129721872011-12-13T09:04:50.038-08:002011-12-13T09:04:50.038-08:00@Anon - "India is armed with a printing press...@Anon - "India is armed with a printing press for a leper's currency (INR)."<br /><br />Governments here have lost elections on things as trivial as onion prices. (for one example See bhairon singh shekawat in wikipedia). And every politician knows this. High interest rates hurt, but high inflation loses elections. <br /><br />I think democracy and the desire to win elections will put the brakes on any unbridled quantitative easing.polthttps://www.blogger.com/profile/00164978361585592319noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-57376080207071945732011-12-13T09:03:37.670-08:002011-12-13T09:03:37.670-08:00@anon above.
India is armed with a printing pres...@anon above.<br /><br /><i> India is armed with a printing press for a leper's currency (INR). </i><br /><br />Thanks for the great laugh :-) :-)<br />Now, I am only going to use a debit card, not going to touch currency notes any more :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-29402146306969954192011-12-13T08:41:44.464-08:002011-12-13T08:41:44.464-08:00"The RBI and Central Govt will fight tooth an..."The RBI and Central Govt will fight tooth and nail with the banks to keep the prices high without which they will have to write off billions of $ worth of bad loans. "<br /><br />RBI and Central Govt can try* to keep nominal prices high but they don't have control over real prices (as recent events have amply demonstrated). <br /><br />*try - both the US Govt and the US Fed couldn't put Humpty Dumpty (the US RE market) together again and they are armed with a reserve currency printing press. India is armed with a printing press for a leper's currency (INR).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-31424192679535271762011-12-13T08:33:17.368-08:002011-12-13T08:33:17.368-08:00Fair number of people posting here are investors t...Fair number of people posting here are investors themselves - Again - <b>Housing</b> is not merely an investment. (Other kind of Real Estate might be) <br /><br />I again would say that the black swan moment that is needed (revolution, war, political chaos) is not coming to India any time soon. Elections are still far away in 2014.<br /><br />Had we voted out McManmohan in 2009 we would have seen enough political turmoil this time around - but that didn't happen. So we are all to blame for the RE mess in one way or the other. <br />The RBI and Central Govt will fight tooth and nail with the banks to keep the prices high without which they will have to write off billions of $ worth of bad loans. <br />In fact I wouldn't be surprised if the present UPA govt drives the country into a ditch and then gives up power for other s to clean it up.skeptic's ghostnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-57771160158645347692011-12-13T07:29:41.132-08:002011-12-13T07:29:41.132-08:00"Question to all nri's who come to this f..."Question to all nri's who come to this forum. How about move to 2nd tier city? One can build really nice place there for almost half or less price."<br /><br />You clearly do not understand the NRI mentality. Being an NRI is all about prestige and showing how superior and wealthier you are than the rest of the unwashed hoi polloi who have the ill fortune to live in India. This means buying (preferably) a house or a flat in a posh area in the centre of town. <br /><br />Buying a house in the outskirts of the major cities or (the horrors!) a house in a 2nd tier city would be viewed as a sign of utter failure and capitulation. No NRI can ever countenance that degree of mortal humiliation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-79248576576435062412011-12-13T07:08:07.602-08:002011-12-13T07:08:07.602-08:00In fact, the only Desis I have met who fear a bubb...<i>In fact, the only Desis I have met who fear a bubble in India are the folks I have "met" on this board. I am yet to meet a "live" (i.e. non-electronic) Desi, whether NRI or otherwise, who believes that Indian RE is in the middle of a bubble</i><br /><br />I have to agree to this one, even my NRI friends in the gulf would jump if they can buy RE in India and they too feel that rates will not come down. But is this not the hallmark of all bubbles where almost everyone thinks that this is the one unmistakeable trade that cannot fail ?<br /><br />By the way even I have to meet any sizable number of people who feel that RE is in a bubble, but I think fellow bloggers have put it quite correctly that the Indian RE has crashed just by remaining stagnant due to inflation and the current rupee weakness, but I also understand that all this does not matter to an average Indian Resident who has never seen a currency in their life except the rupee.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-74615211606901486312011-12-13T07:02:41.766-08:002011-12-13T07:02:41.766-08:00NRIs continue to invest but only in properties the...NRIs continue to invest but only in properties they would like to retire to or have their parents stay.<br /><br />One of my friends recently purchased a 2700sft apartment on the outskirts of Chennai with the intention of staying there later.<br /><br />He did find the depreciated rupee a big help. So, some money continues to trickle in due to the recent collapse of the rupee. Its like you get an extra 15% discount if you move your money to India now.<br /><br />NRIs want safe havens in India. No one's sure of stability in any one place anymore. This will help builders clear some inventory in the coming weeks.<br /><br />That said, I am painting only part of the picture here... not all of it. There are other factors at play including the tightening balance of payments situation, flight of capital and the worsening internal economy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-15809594543817202192011-12-13T06:54:20.917-08:002011-12-13T06:54:20.917-08:00some side there is the war machine military indust...<i>some side there is the war machine military industrial complex keeping people involved in war and <b>protecting</b> vital natural resources to source keeping the same complex alive</i><br /><br />protecting ? or exploiting those resources with the blood, property and honor of the native populations by demonizing them and justifying their killing rape and pillage ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-51750937295962587372011-12-13T06:12:21.497-08:002011-12-13T06:12:21.497-08:00@Pawan:
"Quoting form the shanghai link I po...@Pawan:<br /><br />"Quoting form the shanghai link I posted. This is what we should make our spouses read."<br /><br />Please don't feel sorry for these clowns. The Chinese had fair warning about what could happen to RE prices after the experience of the US, UK, Spain, Dubai, etc. in 2008. Yet, these idiots went ahead and blew up massive bubbles in not only China, but also Canada and Australia. They richly deserve what's coming to them (and then some).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-72669750914268872392011-12-13T06:07:44.936-08:002011-12-13T06:07:44.936-08:00"Genuine NRI investment has been out for more..."Genuine NRI investment has been out for more than a year my friends, so, please don't think of all of us as stupid! Like you, we see the crash coming from miles."<br /><br />Really? What utter nonsense. I'm an NRI and I have never - I mean NEVER - met a single NRI who is not of the view that "Indian RE can only go up". All of them parrot the same nonsense: Black money, exploding population, NRIs, high savings rate, blah, blah, blah. as reasons for why "Indian RE can only go up". In fact, the only Desis I have met who fear a bubble in India are the folks I have "met" on this board. I am yet to meet a "live" (i.e. non-electronic) Desi, whether NRI or otherwise, who believes that Indian RE is in the middle of a bubble. In fact, I personally know one NRI who lost his shirt in the implosion of the US housing bubble, but even he is utterly convinced that his RE investments in India can "only go up". <br /><br />Other NRIs here can back up what I just wrote here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-17413160828799320752011-12-13T06:03:07.866-08:002011-12-13T06:03:07.866-08:00"Average prices in the Shanghai area are down..."Average prices in the Shanghai area are down about 40% from their peak in mid-2009, to about $176,000 for a 1,000-square-foot home."<br /><br />Oh please. Gimme a break. What the hell does this have to do with the Indian RE market? India has conditions that are vastly different than China. We have a very high population, a secular trend of urbanization, a high savings rate, a population deeply suspicious of government and with a cultural pre-disposition towards towards RE. None of which exist in China. <br /><br />It's different here.Anonymousnoreply@blogger.com