tag:blogger.com,1999:blog-19740856.post6038664033283948594..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: Happy Diwali from the Finance Minister Mr ChidambaramUnknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-19740856.post-85021281291988570172008-10-27T02:37:00.000-07:002008-10-27T02:37:00.000-07:00lols, good one, hit the nail on the head! perfecto...lols, good one, hit the nail on the head! perfecto!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-63007988298898531232008-10-25T13:21:00.000-07:002008-10-25T13:21:00.000-07:00vik,the greeting is good... I am forwarding to all...vik,<BR/><BR/>the greeting is good... I am forwarding to all my friends...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-51226642959335337982008-10-25T03:13:00.000-07:002008-10-25T03:13:00.000-07:00This comment has been removed by the author.Christian Wedding Invitationshttps://www.blogger.com/profile/01463907539190304335noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-83006371225667284322008-10-24T19:13:00.000-07:002008-10-24T19:13:00.000-07:00Anon,Who is bloody Raheja or Hirchandani or even P...Anon,<BR/>Who is bloody Raheja or Hirchandani or even Paravnath. They are all going to get crushed soon. They made hay while the sun was shining. Now the party is over and people have to come back to reality. <BR/><BR/>Big builders who are 100 times size of these Indian ones could not sustain, then who are these chumps.<BR/><BR/>Be prepared for a rough ride. Indians will soon be licking the mud on the floor with reality kicking in the arse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-35114253724528434982008-10-24T17:12:00.000-07:002008-10-24T17:12:00.000-07:00As per the recent testimony of Alan Greenspan (US ...As per the recent testimony of Alan Greenspan (US ex central bank chairman) in 2006 he observed a housing bubble in more than 2 dozen countries. And to clean up this housing mess it will take substantial time. <BR/>He has given a global message here, people without understanding the global economic consequences arguing about the black money, the money power of Raheja/Hiranandani etc. When market is in recession every one’s money power get contacted & that’s why the prices start falling. If some one can afford a property of 50 lakh 1 year before today he can afford only 40 lakh so even though property prices will come down to 40 lakh the gap will remain same. Buyer should wait for distress sale deal.<BR/><BR/>--In Pune Baner/Pashan area was under the city limit even in 2005 as non-agricultural zone. If you want I can give you the town planning map of 2005.<BR/>-- The highest NA Land rate in Baner has reached to 1400/sq feet in 2007 Dec. <BR/>-- In Pashan Panchvati the Land rate was 3000/sq feet for a society plot. Pashan sus road land prices were 1300/sq feet in 2007 Dec.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-20065221108155281202008-10-24T12:01:00.000-07:002008-10-24T12:01:00.000-07:00Realtors plan cut in staff, wage billParsvnath Dev...<A HREF="http://www.business-standard.com/india/storypage.php?autono=338372" REL="nofollow">Realtors plan cut in staff, wage bill</A><BR/><BR/>Parsvnath Developers is expected to sack its non-performing staff post Diwali as part of its cost cutting measures. "Non performers have to go. Cost cutting measures will start in 15 to 20 days,'' said Pradeep Jain, chairman of Parsvnath, told reporters on the sidelines of a conference in New Delhi today.<BR/><BR/>Parsvnath currently employs 1,400 people and nearly 30,000 are indirectly employed, Jain said, adding that the company will cut 15 to 20 per cent salaries of some of the executive as part of rationalising salary levels. "Last year some of the executives got hikes of 120 per cent. But this year we will rationalise that,'' Jain said.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-56576104385401231352008-10-24T11:57:00.000-07:002008-10-24T11:57:00.000-07:00HCC's new townships on hold, to focus on govt proj...<A HREF="http://economictimes.indiatimes.com/Markets/Real_Estate/HCCs_new_townships_on_hold_to_focus_on_govt_projects/articleshow/3637086.cms" REL="nofollow">HCC's new townships on hold, to focus on govt projects</A><BR/><BR/>He said the company is looking at the possibility of joint development of townships where land owners and the company get together to develop projects. “It will help us save on cash outflows,” he remarked.<BR/><BR/>Land required for these proposed townships was around 200-400 acres and senior officials at HCC said only 40-70 acres of land in each project has been acquired so far.<BR/><BR/>“The total investment so far has been to the tune of Rs 40 crore," officials stated.<BR/><BR/>However, the deferment of the projects comes as the company expects land prices to see a correction due to market conditions. “We expect prices to come down; as a result the cost of land acquisition will become much more viable,” officials added. <BR/><BR/><I>So if Builders would like to take advantage of lower prices, what is wrong if Home Buyers do the same? Also, how could they get Township approvals without actually owning the land? </I>shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.com