tag:blogger.com,1999:blog-19740856.post7533078668671334089..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: Real estate prices hit the fast track in New Delhi, MumbaiUnknownnoreply@blogger.comBlogger54125tag:blogger.com,1999:blog-19740856.post-26375354939100879702021-05-18T00:56:26.107-07:002021-05-18T00:56:26.107-07:00Thanks for sharing the information it helps a lot....Thanks for sharing the information it helps a lot. If your searching for <a href="https://www.jj-infra.com/jjs-hill-county/" rel="nofollow">Open plots for sale in Hyderabad.</a> JJ Infra is the No.1 Real estate company for Investments.<br />jjinfraindiahttps://www.blogger.com/profile/01030093860632728706noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-81966310141045109512012-12-06T23:48:23.833-08:002012-12-06T23:48:23.833-08:00This comment has been removed by the author.rajnihttps://www.blogger.com/profile/06444939579267581761noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-13329855181340408302011-09-28T00:44:49.340-07:002011-09-28T00:44:49.340-07:00This information have been helped to realize more ...This information have been helped to realize more things regarding prices for an real estate while purchasing for a property.miami beach apartmentshttp://www.miamibeachapartments.com/noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-40619330595002799632011-09-07T00:15:54.898-07:002011-09-07T00:15:54.898-07:00I would advise anyone out there who believes they ...I would advise anyone out there who believes they were sold a <a href="%E2%80%9Dwww.bankswaps.co.uk/%E2%80%9D" rel="nofollow">Bank Swaps</a> product should act, by seeking a legal advice to see if they can make a claim for compensation against the bank.Bank Swapshttps://www.blogger.com/profile/13278260995804237627noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-66810169247684397122010-10-19T01:49:46.910-07:002010-10-19T01:49:46.910-07:00Who is prospering?? yah politicians , builders &am...Who is prospering?? yah politicians , builders & bureaucrats are. They all have made syndicate after the election which was won by congress. This party is known for looting people under the pretext of economic boom.<br /><br />SO COMMON MAN WATCH OUT AND BEWARE OF SUCH SO CALLED BOOM. REAL ESTATE PRICES WILL COORECT BY 30-40%. DO NOT GET CARRIED AWAY BY AD & OTHER MISLEADING ARTICLE.Prakash Purohithttps://www.blogger.com/profile/02242257064684229612noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-45417358941696144692010-10-18T07:48:00.857-07:002010-10-18T07:48:00.857-07:00No Desi Batman, your thinking is quiet logical and...No Desi Batman, your thinking is quiet logical and you won’t believe when price was 5000 psf in Kandivali, I asked the same question to me and at that I found it was a bubble and not sustainable. Then it went to 6k, 7k now you see its 11k, I know 11k looks completely unimaginable but there it is, its there. Today Rustamjee is charging 12.5k just 5 minutes from that place, so, my question remained unanswered till now but it doesn’t mean that party has not stopped, I guess when price will reach to 15k we will be still debating on this. BTY, you must have seen that Dharavi slums each person got 25 lakhs or more, now do you think that’s possible but it is!Bachera Indiannoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-5626764284229768692010-10-18T06:46:09.398-07:002010-10-18T06:46:09.398-07:00@ Thambi
Way to go!! you are late for the party. ...@ Thambi<br /><br />Way to go!! you are late for the party. Soon you will realize that corruption money is not enough for survival, what is next? a robbery? <br /><br />Do what it takes for you to do for survival. Jungle law exists. I have NEVER seen anyone beat corruption in India, I mean NEVER.Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-68110650831034364362010-10-18T06:41:10.309-07:002010-10-18T06:41:10.309-07:00@ Bachera Indian:
I have seen prices quadruples mi...@ Bachera Indian:<br /><i>I have seen prices quadruples minimum in Mumbai during this time in fact from March 10 onwards prices have risen 70%. There is one tower coming in Kandivali near shopper stop, the prices during march 10 was 7000psf now its 11500psf plus floor rise and the builder has only two flat. Now can you believe it even at 7000psf with 2500 sq.ft the cost comes to near 2 cr, in Kandivali of all the places!!! </i><br /><br />There is ceiling for every absurdness. Because you have been following RE prices since long, you can answer better, what do you think will be the price of today's RE Rs. 11500 psf after 3 years? <br /><br />With price increases you have to think about this, today only 5% can afford to buy, tomorrow it will be only 2% and then only 1%. Mind you the buyers are decreasing, so think before you respond.Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-79265095557906235782010-10-18T06:34:39.606-07:002010-10-18T06:34:39.606-07:00@DhImAn:
Your analysis on corruption is not comple...@DhImAn:<br />Your analysis on corruption is not complete. Corruption is not a exception as it used to be. Corruption was way to break into system when they were incompetent. For competent person to be part of the system it becoming more difficult. A student college admission today have donation seats, they have backward class quotas, back office dealing reserved seats, now think about this, what happens to the person who could have got admission if these execptions were not present? Now a eligible person has to be corrupt to get into this system.<br /><br />Govnt officers dodn't pass papers even when everything required is furnished. Officers just wants his cut, what do you do? Survive or die? Die - read the RTI activists. <br /><br />So to fight corruption one has to be corrupt, there is no other way. I know few eligible could-be doctors and engineers who never made it to college because of this corruption or their ethics. I wish they would have got admission, atleast in the pool of shits we would had better professionals even when their entry was through corruption.Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-54195544149076377152010-10-18T00:19:56.939-07:002010-10-18T00:19:56.939-07:00Corruption has a cost, you see. It's just that...<i>Corruption has a cost, you see. It's just that you don't see that cost, but that doesn't mean you won't have to pay it some day, in some form or the other. </i><br /><br />Very very true. <br /><br />And the unfortunate part is that those of us who are not corrupt but unable to do anything about the system also pay the same price.<br /><br />Only way out is to leave this country. Which millions have done. I also want my children to leave this countryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-25071966901164115802010-10-17T21:19:14.036-07:002010-10-17T21:19:14.036-07:00Again, no point in debating and fighting over here...Again, no point in debating and fighting over here as we have hardly any control on the market even I would say whole mass classes get together then also builder lobby is so strong that we will eventually loose it. So better if we afford buy it or forget it. Bubble has to burst but the question is not if but when? <br />And I am a regular reader of this blog from 2008 onwards and I have seen prices quadruples minimum in Mumbai during this time in fact from March 10 onwards prices have risen 70%. There is one tower coming in Kandivali near shopper stop, the prices during march 10 was 7000psf now its 11500psf plus floor rise and the builder has only two flat. Now can you believe it even at 7000psf with 2500 sq.ft the cost comes to near 2 cr, in Kandivali of all the places!!!Bachera Indiannoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-64491678678960076052010-10-17T19:41:29.113-07:002010-10-17T19:41:29.113-07:00"...and like the Indian sheep that we are, we..."...and like the Indian sheep that we are, we will bear it in silence.<br /><br />Until we can't bear it anymore...."<br /><br />Remind me when was the last time? Was it 1857? Was it 1942? Was it 1947? Was it 1965? Was it 1971?<br /><br />We all read history books, Somnath temple was attacked 16 times, years after years, but I never read anywhere in history that people made some effort to counter the attacks...they just rebuilt the temple..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-43971065836763667022010-10-17T17:14:01.785-07:002010-10-17T17:14:01.785-07:00HI,
What DhimAn says has point. Devaluing the curr...HI,<br />What DhimAn says has point. Devaluing the currency (by printing more and more) is a method used by the Govts to pull the wealth from masses. And this will continue to happen as this is the way of new economics. <br /><br />When they print more currency and circulate it in masses, masses will get an instant feeling of being rich and drives them to work more hard. Eventually inflation eats away their feeling and hey again start feeling poor. Then govt will print some more money to make them feel again rich. This goes in cycles and drives economy.<br /><br />Who gets sucked is person sitting on cash (includes, bonds, other savings methods which give fixed percent incomes).<br />What left is, real estate and gold. <br />They are visible and usable commodities, and their value goes up as Govts print more and more money.<br />I do hope that real values would go down. But what can also happen is they just get stabilize for a long term ( say for 10 yeas), with out going down.<br /><br />Coming to gold, its value is because of peoples mind set. And i don't think it will change so soon. At least our indian female would make sure that it has value. <br />So at this point i feel gold is one and only thing that would give real long term yield.Laaloo Prasad yadavnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-90904281542495544902010-10-17T10:28:10.381-07:002010-10-17T10:28:10.381-07:00In my case I feel no more ashamed joining the corr...<i>In my case I feel no more ashamed joining the corruption band wagon. </i><br /><br />Remember, I told you that the first corruption is intellectual? Now that you've corrupted your own sense of right and wrong, i.e., corrupted your mind, you've opened the door for all other corruption.<br /><br /><i>In due course, I too hope to leave my miserable railway quarters and buy a home in Bandra.</i><br /><br />Sure, your ill gotten gains will allow you a lifestyle beyond your capabilities.<br /><br /><i>They all hope for better living conditions in their next incarnation or life if they happen to be human in it. </i><br /><br />Umm, no being human in your next birth for you, sorry. You just wiped out all the good karma that made you human in <i>this</i> life; so back to the beginning of the line for you again!<br /><br />But seriously, corruption enables you to get something that isn't normally possible for your capability. Thus, a moron can become a doctor who operates on you, or a fool can become an engineer who builds the bridge your train goes on. Or a retard can become a teacher who educates your children.<br /><br />Corruption has a cost, you see. It's just that you don't see that cost, but that doesn't mean you won't have to pay it some day, in some form or the other. <br /><br />And not philosophically speaking, in case you misunderstood. No, I meant real economic cost, such as your child dying because some stupid doctor who got in via a payment seat fu**ed up. Or because corrupt cops let a drunk driver drive a truck that killed your wife and daughter.<br /><br />Of course, we hope that something like this never happens to us - but both these incidents happened to two friends of mine; they paid the cost for someone else's corruption.<br /><br />So, you can be assured that your corruption will also exact its cost. From whom, I don't know. But someone will bear that cost, and like the Indian sheep that we are, we will bear it in silence.<br /><br />Until we can't bear it anymore. You better hope that you can buy your way out of <i>that</i> eventuality.DhImAnnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-17521024834596406322010-10-17T04:15:15.114-07:002010-10-17T04:15:15.114-07:00I tend to agree with anonymous anne, 3:32.
Unlik...I tend to agree with anonymous anne, 3:32. <br /><br />Unlike other countries, the cost of housing has been increasing only in metropolitan cities where the wealthy are concentrated and competing for better homes.The hoarding mentality is disappearing and people are investing in better living conditions. Nowhere in the world one can witness the disparity among classes like in India and it is growing. Most Indians blame this on destiny and accept the exploration. They all hope for better living conditions in their next incarnation or life if they happen to be human in it. <br />I don't see a point in lamenting. Make hay when the sun shines, as the saying goes. In my case I feel no more ashamed joining the corruption band wagon. In due course, I too hope to leave my miserable railway quarters and buy a home in Bandra.<br /><br />The wiki Bubble explanation is not applicable to IndiaThambinoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-71657013809375022432010-10-16T09:02:18.307-07:002010-10-16T09:02:18.307-07:00My point is that this is no bubble. It is real and...<i>My point is that this is no bubble. It is real and will stay unless there is a revolution</i><br /><br /><a href="http://en.wikipedia.org/wiki/Japanese_asset_price_bubble" rel="nofollow">Japan</a>. <a href="http://en.wikipedia.org/wiki/United_States_housing_bubble" rel="nofollow">USA</a>. <a href="http://en.wikipedia.org/wiki/British_property_bubble" rel="nofollow">UK</a>. <a href="http://en.wikipedia.org/wiki/Real_estate_bubble" rel="nofollow">Australia, Bulgaria, China, Denmark, Ireland, Poland, Romania, Spain</a>.<br /><br />But no. India is different. No bubble here.DhImAnnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-90935657517946622852010-10-16T03:32:43.940-07:002010-10-16T03:32:43.940-07:00Lot of Indians are flush with money. I'm not t...Lot of Indians are flush with money. I'm not talking about fixed assets. It is cash. Many don't bat a eyelid when spending 10's of thousand on useless things which shows their financial power. Almost all such people are either traders or government employees. This sort of situation was non existent 5 years back. <br />I work for travel industry and have been witnessing the unique phenomenon. Travel industry is at its peak. Looks like hoarding is a thing of the past. In Singapore 90% of the jewelery sale customers are Indians. To cater for their demand, many French/Belgian designer shops have sprung up in the city. I've heard similar situation exists in HongKong.<br /><br />One thing is perplexing. This isn't Rupee prosperity, rather it is dollar prosperity. Where is this money coming from. What about Indian govt.'s foreign currency control ?. <br /><br />No wonder, the real estate prices are rising. This isn't bubble, this is affordability.<br /><br />150 Mercedez Benz's were delivered to customers in Aurangabad in one day. Now all the luxury car manufacturers are diverting their attention to India and China.<br /><br />My point is that this is no bubble. It is real and will stay unless there is a revolutionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-89153205347263617362010-10-15T16:21:55.461-07:002010-10-15T16:21:55.461-07:00Q
"Is it possible that home owners feeling fl...Q<br />"Is it possible that home owners feeling flush with huge run up in home prices are consuming more of other goods and causing inflation?<br />"<br />A<br />Feeling flush with cash and having cash is different. Even if my actual house where I stay has appreciated, so are the other expenses in the locality. In general it is a good feeling if the house prices goes up, nothing else. At least for home-owners. For investors, yes..they would be flush with cash, but as is generally true, if you sell out and get cash, what would you do with cash?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-26306596131123835402010-10-15T12:25:17.509-07:002010-10-15T12:25:17.509-07:00Since the discussion in this board veers around ec...Since the discussion in this board veers around economics, fiat currency etc., I was wondering if some of you have thoughts on wealth effect & high inflation in India.<br /><br />Is it possible that home owners feeling flush with huge run up in home prices are consuming more of other goods and causing inflation? <br /><br />Of course, they can't spend the money they don't have. Is there anyone in this board tracking income growth, savings rate?Rajnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-52242979335165565732010-10-15T06:11:17.239-07:002010-10-15T06:11:17.239-07:00On other hand, FII keep growing strong. This is th...On other hand, FII keep growing strong. This is the hot money, that can go with push of a button...<br /><br /><a href="http://economictimes.indiatimes.com/news/economy/policy/RBI-to-intervene-if-FIIs-inflows-are-lumpy-Subbarao/articleshow/6754584.cms" rel="nofollow">RBI to intervene if FIIs inflows are lumpy: Subbarao</a><br /><br />CHANDIGARH: Keeping a watch on the record USD 22 billion FII investments in the booming Indian stock markets this year, the RBI today said it will "intervene if the inflows are lumpy and volatile". <br /><br />On October 13, FII investment crossed the magical USD 22 billion or Rs 1 lakh crore in stock markets. The total inflows last year was USD 17 billion. <br /><br />According to reports, the RBI had intervened yesterday by buying dollars in the foreign exchange markets to arrest the rise in value of rupee.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-7283240418600160852010-10-15T06:07:12.708-07:002010-10-15T06:07:12.708-07:00I wonder how much longer the recovery will last......I wonder how much longer the recovery will last... <br /><br /><a href="http://www.business-standard.com/india/news/fdi-inflows-down-60-in-august/411524/" rel="nofollow">FDI inflows down 60% in August<br /></a><br /><br />Reflecting fragile recovery in the world’s major economies, foreign direct investment into India dipped for the third consecutive month, by about 60 per cent to $1.33 billion, in August.<br /><br />The FDI inflows in August 2009 were $3.26 billion.<br /><br />Crisil Principal Economist D K Joshi said: “This is not a good news for the Indian economy. This reflects that global economic recovery is still fragile and some impact of that would be reflected in our FDI.”shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-53997376795749229982010-10-15T04:54:22.000-07:002010-10-15T04:54:22.000-07:00Desi Batman,
You have raised a valid point. The a...Desi Batman,<br /><br />You have raised a valid point. The argument raised by a vocal majority that gold is the only value retainer and the rest are just phony is specious at best.<br />We unfortunately are not living in a world where everything is left to natural forces. Gold historically has been a currency beyond corruption. But after the bretton woods agreement the world has managed to suppress the efficacy of gold. Now its more or less a commodity albeit a indestructible one. Equating it to a currency that can go only up is tantamount to lunacy. <br /><br />Of course, gold being a precious metal will ALWAYS retain value with or without the presence of the State, unlike fiat currencies which tend to go worthless with a change in the system.(A frightening possibility however distant would be a maoist takeover).But for you to expect the stratospheric flight of gold will mean a few doomsday predictions.If gold is to go up humungously higher, the prominent path would be to trample the paper currencies. Trampling the paper currencies would mean the authority of the state and the system to crumble. But anyone in their right mind expect the govrnments to give up without a fight. Nada. The first thing they would do is to ban ETF's in gold and block the access to bank safe deposit vaults (just like the americans did a long time back to ban the physical possesson of gold). Those who manage to keep some gold at home would be just sitting ducks for the robbers and thieves who would certainly smell the gold somehow. The chaos the rise of gold unleashes would be hard to imagine. And for the same reason the public would only thank the govt(if there was one) to maintain order by confiscating anything that stands in the way of peace and order.<br /><br />The stratospheric rise in gold prices would be chaos-inducing and hence it would be unwise to think of it as your saviour. Gold now exists because of the protection and support the state gives.So it should behave like any other commodity.(Most commodities have had this dizzying rise over the last one decade.Take rubber which has gone from 25/kg in 2000 to 175/kg at present.) <br /><br />At this moment in time, a little bit amount of gold would keep you in good company. But the circumstances do not warrant enough to hoard on gold.(unless you are expecting the system to fall, which for me sounds far fetched)<br /><br />Su-Al.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-81295189519996113732010-10-14T22:19:36.822-07:002010-10-14T22:19:36.822-07:00Batman you said
Gold is one of oldest investment ...Batman you said<br /><br /><i><b>Gold is one of oldest investment instrument, but today we have so many - Currencies, RE, Stocks, Bank CDs, ETF, CDS, etc etc...</b></i><br /><br /><br />"Very few people see the fragility of wealth under the regime of irredeemable currency. Those who can are not tempted by the spectacular profit opportunities in stock, bond, and real estate speculation. They know full well that yielding to the temptation would be tantamount to sitting in a crowded auditorium just before the fire alarm was ready to sound. Their chance to reach the fire exit alive would be practically nil."<br />- Antal FeketeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-11815409399475411912010-10-14T22:16:35.925-07:002010-10-14T22:16:35.925-07:00@Desi batman, ETF and other paper gold products ar...@Desi batman, ETF and other paper gold products are basically fraud.<br /><br />In a recent hearing at the CFTC, the guy who handles one of these ETF's stated that they leverage the ETF's 1:100 ie they sell 1 ounce atleast hundred times, and hope that not all will take delivery at once.<br /><br />Secondly, my idea of buying gold is a big thundering NO to the policies of the banks and their agents, their unbacked currencies, their economic policies, their funny money.<br /><br />As such only trust gold that you can physically take possession of, for it's the same with ETF's as it is with bank runs, when the shit hits the fan, and all run to pull their gold out of the instruments, you know how many will get delivery.<br /><br />And because you have hit the ETF note, let me also tell you that ETF's are the basic instruments using which the price of gold is suppressed, once people start to understand this price suppression via ETF/central bank swaps/leases of gold, the price of gold will go to the moon.<br /><br />Another evident proof of this price suppression is the total media blackout... Do you know that day before yesterday gold hit a new high and rallied 23 dollars ? for the past months almost every alternate day gold is making a new high.<br /><br />Imagine some stupid stock doing this, the entire lame stream media would be going ga ga over it. <br /><br />for more information: http://gata.org<br /><br />ticker: http://goldprice.org/spot-gold.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-47332495911315499682010-10-14T09:46:21.414-07:002010-10-14T09:46:21.414-07:00Gold is one of oldest investment instrument, but t...Gold is one of oldest investment instrument, but today we have so many - Currencies, RE, Stocks, Bank CDs, ETF, CDS, etc etc...<br /><br />It is all about confidence that particular investment will give you returns. Value of money is moved between these financial intruments because one loses the confidence and another one has to gain. Today many prefer move their value in Gold and RE rather than currency. Some might feel value in stocks than in Gold and RE. But saying that ONLY Gold has value and will retain it's value it is wrong. It is all about point of time in reference what holds more confidence. Ya arguments have been cannot create Gold, hence no manipulation of value. What if someone comes up with formula to create gold? <br /><br />If you invent something that will change the betterment of lifestyle, it is much more precious than Gold and RE. <br /><br />Lastly, to make money identify the bubble, take risk, earn highest returns. Today Gold is gaining confidence, I am going to buy ALOT as have no confidence in US dollars and INR. RE is way to much manipulated.<br /><br />What is better physical gold or paper gold (ETF)? Any ticker symbol for dow jones/nasdaq?Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.com