tag:blogger.com,1999:blog-19740856.post673980987656450366..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: Bharat Bandh, super high inflation and housing pricesUnknownnoreply@blogger.comBlogger63125tag:blogger.com,1999:blog-19740856.post-90248589590475951392010-07-12T11:19:15.993-07:002010-07-12T11:19:15.993-07:00anon at 8:15 above, the funny thing about RE is th...anon at 8:15 above, the funny thing about RE is that once the prices starts to fall no one wants to buy!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-63204137759543254552010-07-12T08:11:46.406-07:002010-07-12T08:11:46.406-07:00@ 9:47 PM
60% drop. I wish I wish and hopefully l...@ 9:47 PM<br /><br />60% drop. I wish I wish and hopefully looks like I can and will only wish.<br /><br />There are so many buyers out there, they would jump right in at that price and that will bring up prices again.<br /><br />If builders/investors are building and hiking prices there should be some calc they have in mind... I don't think they are idiots. Black marketers and corrupt officials know where, when to press buttons.<br /><br />India doesn't operate on logic, rather on emotions, fear and greed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-58168217461743255572010-07-11T21:47:58.564-07:002010-07-11T21:47:58.564-07:00Anon @1:03
Prices may correct as you said by 20% ...Anon @1:03<br /><br />Prices may correct as you said by 20% in Decemer, but that would not be the end. The correction would keep happening till they go back to 2005 levels. Like in US the RE prices are back to 2000 levels.<br /><br />I'm just waiting and would keep waiting for 2-3 years more. Who wants to catch a falling knife.<br />I think prices will fall upto 60% in many areas and minimum 50% in majority of the cities.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-48480127979414819752010-07-11T14:08:51.087-07:002010-07-11T14:08:51.087-07:00@ 1:03PM
Seriously? do you think people will floc...@ 1:03PM<br /><br />Seriously? do you think people will flock together to buy properties after 30% fall?<br /><br />What is your source of information?<br /><br />do you think 30% decrease will make it property afforadable? <br /><br />Price for currently priced property:<br />* 1 crore after 30% reduction: 70 lacs.<br />* 70 lacs after 30% reduction: 49 lacs.<br />* 50 lacs after 30% reduction: 35 lacs.<br /><br />30% reduction pushes price just back one year ago! In any case investors who bought above this price WILL BE crying foul.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-31165694589066715952010-07-11T13:03:59.818-07:002010-07-11T13:03:59.818-07:00only prices are increasing but there is NO SALE. ...only prices are increasing but there is NO SALE. property registration has declined 50% in may 2010 and soon you will see pressure developing. <br /><br />Prices are expected to fall in dec 2010. Builders are not developing new projects because there existing inventory is 1/2 unsold.<br /><br />20% price correction is coming this December. Only areas like bandra and khar where there is no development may not see fall more then 20% on other places fall can be as deep as 30%.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-87249894247156230942010-07-11T06:59:30.210-07:002010-07-11T06:59:30.210-07:00@ anon 2:53 AM
Don't worry, everything will b...@ anon 2:53 AM<br /><br />Don't worry, everything will be resolved. Corruption and under table culture will take care of these issues.<br /><br />As of now "Sab Chalta Hai".Desi Batmannoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-73682537658231089972010-07-11T06:57:40.234-07:002010-07-11T06:57:40.234-07:00Anon @ 6:33 AM
You have three choices:
1. Your i...Anon @ 6:33 AM<br /><br />You have three choices:<br />1. Your income should be increase. Increase your earning by asking for more salary or asking price for your service.<br /><br />2. Move to location where you can afford to buy.<br /><br />3. Get into large debt so that you can buy whatever you need.<br /><br />I believe these prices will continue to increase until most of the liquidity in market is utilized... then we will have deflation. that may take sometime.. may be 2 years, 5 years ... no one knows for sure.Desi Batmannoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-74007569535917275542010-07-11T06:33:32.913-07:002010-07-11T06:33:32.913-07:00Want a 1-BHK in Navi Mumbai? Shell out 63 lakhs
h...Want a 1-BHK in Navi Mumbai? Shell out 63 lakhs<br /><br />http://www.mid-day.com/news/2010/jul/110710-kopar-khairane-navi-mumbai-1-bhk-flat-soaring-prices-rti-mumbai-news.htm<br /><br />How can we, middle income people ever buy a home ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-53977593267866066812010-07-11T02:53:35.006-07:002010-07-11T02:53:35.006-07:00Best example of Investors not able to find a buyer...Best example of Investors not able to find a buyer / tenent and yest paying high rentals is Prestige kensington / wellington project in Bangalore.. worse these guys have paid money to the builder but registration is not happening... there is some problem out here. Reseller price Rs 2600 / sft and builder quotes 3500.. and no one is guarantees registration.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-13835693458037144542010-07-10T18:24:01.499-07:002010-07-10T18:24:01.499-07:00Ban narrow minded LTTE tamed people like Anna who ...Ban narrow minded LTTE tamed people like Anna who can't look at issues from an economic angle and start the blame game! Grow up Anna and act literate!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-48701505375485456002010-07-10T11:49:17.573-07:002010-07-10T11:49:17.573-07:00@ Anna 9:53 AM
You mean Tamils and other non-hind...@ Anna 9:53 AM<br /><br />You mean Tamils and other non-hindi/gujrati are pure and free of all immoral activities? WRONG! <br /><br />Corruption, shity and filthy tricks knows no religion, race or culture. It is in human blood and cultivated by economies and country policies.<br /><br />During every downturn no matter which country/location, corruption, violence have increased. <br /><br />Keep your post clean of hatred and racism.Desi Batmannoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-23968237355892876742010-07-09T08:24:43.553-07:002010-07-09T08:24:43.553-07:00Enjoy (in hindi from movie: guru)
http://hindimov...Enjoy (in hindi from movie: guru)<br /><br /><a rel="nofollow">http://hindimoviedialogues.blogspot.com/search/label/Guru%20Dialogues</a><br /><br />"Yahan pahuncha to dekha ki dhande karne ke saare darwaze band the. Who khulte the to sirf ameeron ke liye. Sarkari darwaze the yeh aap ke banaye hue ya to laat mar kar khulte the ya ji hazoori de ke. Maine dono kiya jahan laat mar sakta tha laat maari, jahan bola salaam do maine bola salaam lo. Aaj mujhe yahan khada kar ke aap log yeh kah rahe ki yeh aadmi itni laat kyon marta hai, sala salam bahut karta hai."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-77031711482473282242010-07-09T07:46:25.997-07:002010-07-09T07:46:25.997-07:00Yoo-hoo! Food inflation to come down... says who? ...Yoo-hoo! Food inflation to come down... says who? your dearly elected official Sharad Pawar.<br /><br /><a rel="nofollow">http://timesofindia.indiatimes.com/Biz/India-Business/Food-inflation-to-come-down-in-coming-weeks-Sharad-Pawar/articleshow/6146510.cms</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-83905718294999309122010-07-09T07:32:40.603-07:002010-07-09T07:32:40.603-07:00Desi Batman anne,
I totally agree with you. The l...Desi Batman anne,<br /><br />I totally agree with you. The link you posted is very informative.<br /><br />Black money is a byproduct of corruption. When top to bottom are corrupt, how can we expect living conditions to improve. I remember the quote from a taxi driver in Delhi who was demanding double fare for transporting me from the airport to my hotel.<br /><br />' Saab, idhar ka pradhan mantri bi bakshish ke alava kaam nahi karta, hamara tho bath kya hai'Thambinoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-1688972552842784642010-07-09T06:24:44.760-07:002010-07-09T06:24:44.760-07:00@ Samix
he has the guts to come and state on the ...@ Samix <br /><i>he has the guts to come and state on the forum how much money takes as graft! </i><br /><br />It doesn't require guts to say that, that too under Anonymous name. <br />- People in India defecate in public without any shame, they have guts. <br />- People who travel in buses and trains just clinging by a fingernail, they have guts. <br />- People who ask for bribes openly in public, they have guts. <br /><br /><br />For Indians under the table money is part of their salary. Believe it or not, many are forced to take bribes as cut HAS to reach every level in hierarchy till the top.<br /><br />I remember about 20 years ago, just to get post of traffic pandu at masjid bunder (need V.T. now CST Mumbai) for 3 months, pandu had to pay 1.5 lacs. Imgaine where this person has to recover that from!<br /><br />You like or not corruption is part of culture and norm in India. Participate or suffer, choose one.<br /><br /><br /><i>Trust me guys India IS different! </i><br />Nope it is not, other countries have same or more corruption. It is just that we are in India and get first hand experience only in this country. <br /><br /><a rel="nofollow">http://www.diggersrealm.com/mt/archives/001668.html </a>Desi Batmannoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-52882340029010298942010-07-09T05:36:05.227-07:002010-07-09T05:36:05.227-07:00Anon 5:33
Long ago, Sir Isaac Newton gave us thre...Anon 5:33<br /><br />Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases. <br /><br /><a href="http://en.wikiquote.org/wiki/Warren_Buffett" rel="nofollow">wikiquote</a>shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-69944424938566447122010-07-09T04:44:52.667-07:002010-07-09T04:44:52.667-07:00LOL! he has the guts to come and state on the foru...LOL! he has the guts to come and state on the forum how much money takes as graft!<br /><br />On a forum where we are so abusing such useless babus<br /><br />Trust me guys India <b>IS</b> different!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-89452563826234089172010-07-09T03:08:26.055-07:002010-07-09T03:08:26.055-07:00'20-25 under the table'
Term used by the ...'20-25 under the table'<br /><br />Term used by the Maharashtra govt employees for graft.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-91487596478246977172010-07-09T00:07:27.274-07:002010-07-09T00:07:27.274-07:0020-25 under the table?
What the hell is that - b...20-25 under the table? <br /><br />What the hell is that - black money? Corruption money? Extortion? Broker's commisionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-37437933848540489662010-07-08T19:52:24.626-07:002010-07-08T19:52:24.626-07:00@ Anon 5:33 pm
What is happening ?
Inflation - v...@ Anon 5:33 pm<br /><br /><i>What is happening ? </i><br />Inflation - value of Rs is decreasing.<br /><br /><i>where people bring money like this. My salary is about 12 thousand and i get about 20-25 under table. still i can not buy </i><br />To keep your purchasing power intact, your earnings should be on par with inflation. May be you need to ask more upper and under table. <br /><br />Well, also for same reasons you see prices of lots of commodities have increased.<br /><br /><i>Anybody really can tell when price come down.</i><br />No one can predict exact date and time. If your income ain't increasing, and see similar problem with other people. Demand for real estate will decrease and prices HAVE to come down soon.Desi Batmannoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-31002112784421293112010-07-08T17:33:26.801-07:002010-07-08T17:33:26.801-07:00First thing in morning, I read this blog. Instead ...First thing in morning, I read this blog. Instead of encouragement news, I find sad news about home price. Mira road, three month back price 2800 and yesterday i enquire it become 3500. Black become from 40% of total, to 60% total. <br /><br />What is happening ? where people bring money like this. My salary is about 12 thousand and i get about 20-25 under table. still i can not buy<br /><br />Anybody really can tell when price come down.<br /><br />Please post only truth hereAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-7654915474428154972010-07-08T09:08:43.087-07:002010-07-08T09:08:43.087-07:00Actually nothing will change in India unless actua...Actually nothing will change in India unless actual pains are felt across the country. "Sab chalta hai" attitude covers minor pains.<br /><br />As long as job/work market is strong especially with BPO and IT, things will go on as they are. Fun starts when USA/UK starts austerity measures and little protectionism.Desi Batmannoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-59215364469708924622010-07-08T08:32:23.637-07:002010-07-08T08:32:23.637-07:00http://www.moneycontrol.com/news/stocks-views/stay...http://www.moneycontrol.com/news/stocks-views/stay-investedrcf-sp-tulsian_468174.html<br /><br /><i>"The second point, they are holding about 1,150 acres of land at Chembur. Management has given that they will be developing 300 acres of land of which 50 acres will be given to the staff to not to have any opposition or anything like that and if you take a value of 250 acres of land, I think the net present value - I am not going by the selling price at Rs 7,000 per sq ft and taking their total value of the project cost - works out to about Rs 2,500 crore. If that amount gets realized by the company, maybe in next couple of years either by JV because it may not be possible for the company to develop this whole land of its own, so there could be some JV arrangements, there could be some leasing."<br />"If they can raise a sizeable amount out of that, that can get utilized for the expansion of capacity also because they have excellent infrastructure in place at Thal near Alibag where the whole expansions can get carried out and otherwise also we have been seeing the policy of the moving away of all these companies from Bombay maybe because of the pollution problems like RCF, BPCL, they all gradually will start moving out. So there could be good value unlocking happening from the real estate. In the near-term, I may see price going to Rs 100-105 not beyond that but on the longer horizon if somebody has a couple of years' view, this is a very good stock to remain invested. For next couple of years one should hold this stock."</i><br /><br /><br />The govt needs to raise $56b to reduce the budget defecit. BPCL, HPCL & RCF have huge land banks in Chembur. you can expect more RE coming into the market. Next they will release the 1000s of acres of BPT land along Mazagaon area. And say in the next 10yrs once the BOM airport moves to Panvel or wherevershaynahttps://www.blogger.com/profile/14563567686138983615noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-24394765046620287472010-07-08T04:28:02.509-07:002010-07-08T04:28:02.509-07:00Deflation: Making Sure "It" Doesn't ...<a href="http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021121/default.htm" rel="nofollow">Deflation: Making Sure "It" Doesn't Happen Here </a><br /><br />Remarks by Governor Ben S. Bernanke<br />Before the National Economists Club, Washington, D.C.<br />November 21, 2002 <br /><br /><i> But the U.S. government has a technology, called a <b> printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost </b>. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. </i><br /><br />Where does that cheap money land...in US Banks to stimulate US economy? You must be kidding.Jayantnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-40605083758764907082010-07-08T00:20:13.292-07:002010-07-08T00:20:13.292-07:00Just look how the banksters fuck the people and th...Just look how the banksters fuck the people and the country...<br /><br />This is a quote by no other than Alan Greenspan<br /><br /><b><br />When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. More disastrous, however, was the Federal Reserve's attempt to assist Great Britain who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities was as follows: if the Federal Reserve pumped excessive paper reserves [emphasis mine] into American banks, interest rates in the United States would fall to a level comparable to those in Great Britain; this would act to stop Britain's gold loss and avoid the political embarrassment of having to raise interest rates. The "Fed" succeeded; it stopped the gold loss, but it nearly destroyed the economies of the world, in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market - triggering a fantastic speculative boom. Belatedly, the Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide series of bank failures. The world economy plunged into the Great Depression of the 1930's.<br /></b>Anonymousnoreply@blogger.com