Things are still not looking up for Parsvnath http://www.moneycontrol.com/news/crisil-research/parsvnath-developers-execution-yet-to-pick-up-says-crisil_795225.html
The post maybe old, but the story is the same. I'm posting something from the previous article in case people wonder how India has so much money now:
India and Indian companies have been borrowing heavily with the next generation to pay it off. I think 2013 is going to b ereally bad for India. In fact UPA scams will come out to truth this year that will cost them 2014 election.
How much money can you really print and how much can you borrow to put up the face? All nonsense created by these so called educated MBAs and ministers who are screwing the country more than the Britishers and Muslim invaders did. Forfiet their MBA degrees and put them in Jail. Just creating money scams to loot masses and profit the banks and builders.
HOW IS INDIA AND INDIAN COMPANIES PAYING INTEREST ON THEIR BORROWED MONEY?
Answer: By borrowing more.
This is all going to end very badly. I'm out of India and investments in India.
I'm wishing all these mother fucker thieves who stole money in creating the RE boom including bankers, builders and politicians suffer. Lets hope they never use this ill gotten wealth to any good use other than paying huge medical bills.
I don't think the article is relevant today. From what I know in Bangalore, there is a huge shortage of construction laborers. Most of construction activity is mechanized because of that.
Won't that be other way around? The mechanization of construction sector will create higher unemployment.
Well, it is my first hand experience in Bangalore. I am constructing my home, and many days the work is stalled because of non availability of workers and small works like cutting of steel or mixing concrete, machines are bought for a couple of hours to finish the job.
@GSM - But in the end, what would be cheaper? machines or labourers?
Something tells me either they went off to their villages or states because they can't afford to live in metro cities, or they've all become engineers and IT professionals.
Something tells me either they went off to their villages or states because they can't afford to live in metro cities, or they've all become engineers and IT professionals.
It is some where in between. I also hear about labor problems in villages. In metro's the daily wage for a unskilled male and female worker is Rs.350 and Rs.250 respectively. Well, a family of work only for 22 days a month, their earning is 13k which is way more than Montek's Rs.35/day poverty line. Not to mention they don't have to pay rent or electricity or water (however bad the temporary accommodation is). The biggest down side is their children cannot get educated because of their nomadic nature. And then if they know the law correctly, they will be entitled to Govt's free plots for the poor and subsidized ration.
It is some where in between. I also hear about labor problems in villages. In metro's the daily wage for a unskilled male and female worker is Rs.350 and Rs.250 respectively.
NREGA has had a huge impact on rural as well as urban economies, wherever I go I hear tales of NREGA taking away the chunk of labor force. I am not saying it's a bad thing, those poor folks deserved a wage hike which the scheme has provided even though it wasn't it's original intention.
Anon at 10:27 Never understood why Delhi and the NCR is such a big deal and I am not getting influenced by the recent incident, these things happen elsewhere as well.
The sheer aggressiveness and uncouth nature of people from that area is a major turnoff, I wouldn't go to NCR even if they doubled my pay. I know of many natives who have left that place and never vowed to go back there.
^^ why run away from the problem? one day there will be no place to run!
for decades indians dismissed the practice of female foeticide as something that only happens in villages and amongst illiterate or uncultured families.
Inspite of horror stories like these there were no public protests or demonstrations: http://in.reuters.com/article/2011/10/27/idINIndia-60154420111027
Now that the problem is hitting home, the so called cultured elite are raising a hue and cry and marching on the streets.
Well, it is too little, too late. An entire generation of men have been raised up who only see women as an object for satisfying their sexual urges.
Question for anyone in NCR area. Is the ruling class even mildly perturbed by what is transpiring on the streets of Delhi? Or is this business as usual?
I don't think it's such a big deal, if anything it's much better than what existed 100 years ago when women had to fight just to go to school and there were plenty of molesters and rapists among the maharajas. IMO the media loves to play the "we are going downhill" card all the time. However one thing one can all agree with is that there is a significant chasm now between the ruling class and common people(compared to what existed in the history of post independence India). Regionalism is on the rise and there are almost no leaders with a pan Indian appeal. I have no idea how this will play out in the future.
The fact that someone like Narendra Modi can be considered a prime minister candidate is a sign that the political system is rotten to the core.
No matter whom you select the puppet masters remain the same. Which is why inspite of widespread corruption that puts even 3rd world dictatorships to shame, NO political leader has had to face any scrutiny, let alone punishment.
Here's another reason why Indian RE is the mother of all bubbles (mania?) and when it bursts there will be plenty of tears:
"In Bangalore, Mr. Jain said he knows many doctors, accountants and software engineers who have quit their profession to turn real estate consultants. He said he recently encountered a real estate consultant in Gurgaon who arrived in a Mercedes but spoke in broken English."
Why only double tripple it will double every year. As in india we all people earn so much money that all international company want to setup shop here and earn money from us.
I am planing to start SIP in property purchase. Purchase 1 flat every month.
yes, buy one flat not every month but one every week. Why wait. Get rich fast. Loans are easy. Buy more and everyone should et rich. After all it is the only investment that you sleep on and in 304 weeks, it goes up by a 4-5 lakhs.
My advice, buy more flats. Get the ones under construction. Buy, buy buy. Only buying can resolve your issues.
A flat that used to cost 20 lacs in 2006, was worth 1 crore in 2009 and 1.8 corore in 2012. I think it will go to 4 crores by 2015. Leave your jobs and just ivesnt in RE. That is the way to go. There is no need to go to college for education. Just buy RE.
Thanks for the great advice. I have sold my business (was't able to give returns anywhere close to RE), my family and MY SOUL and planning to buy flats all over Gurgaon. Why work when you can sleep over an investment and wake up rich. Who knows with all the money I make from RE, tomorrow some politician may want to align with me and in a few years time I will be the next KP Singh. The future, my friends, is suddenly looking bright.
Good, keep buying guys as RE never goes down. Why work when easy money is available. I also quit my job and am buying 4 flats for this month. I would be putting down very less and banks are giving money easy as loans.
And then, I'll be relaxing and waiting my pot to grow every month. I've also told everyone in my family and friends to quit working and just buy RE. Why work?
I'll be joining some non profit for no salary and just enjoy my savings grow. All the 4 flats are going to be around 3 crores together. I'm hoping to make 30-40 lacs just in one year like 3 lacs per month. It is a lot more than my salary I was making.
Buy, buy, buy. Don't wait and be left out. After all RE prices have Sky to touch and India is growing so fast. I'm hoping my 3 crores would be 6 crores in the next few years and then to 12 crores and then 24 crores.
^^^ You sir will be crediting with starting an economic revolution, totally unique in the world, where in the only productive (???) work done by the entire population of a country will be to buy and sell RE. Not sure it is much different right now though!!!
The jokers in charge of India can't even figure out the right response to a shameful tragedy. Do we really think they will be able to manage the housing crash when it occurs?
NRIs like me can take out the popcorn and laugh at these clowns but really feel sorry for the man on the Indian street.
Prices there have fallen 4.1% in nominal terms since 2010 and about 9% in real terms.
It is likely that we will see a similar slow correction in nominal terms. 4% in two years is like 0.15% a month. It wont generate headlines, but eat away slowly and steadily.
JM Group, well known real estate developer for its well-executed residential and commercial projects, has been working in the industry for more than 50 years. Click here for more information JM Noida Extension
Hi, so this is very interesting blog, I read this blog.Very informative post thanks for sharing.That the effect of humanlife Thank you for making this type of blog... I enjoy your site theme.Noida Property
Hi, I read your blog day by day its very useful to us. I have a project name Wegmans Trustone City Noida is a new project launched by wegmans group in noida.
This blog was really helpful for me and I liked the information given in it. I have seen a similar blog related to this. One of the Top builders in bhopal is . they are the best builders in bhopal. . They into construction business from the past three decades so they have experience and people have trusted over them
I found this article which is related to my interest. The way you covered the knowledge about the subject and the university in bhopal was worth to read, it undoubtedly cleared my vision and thoughts towards private university in bhopal . Your writing skills and the way you portrayed the examples are very impressive. The knowledge about Top Private University in Bhopal is well covered. Thank you for putting this highly informative article on the internet which is clearing the vision about top universities in bhopal
64 comments:
This is 3 years old...
http://www.youtube.com/watch?v=LAFD-buj68A
posting old will erode the reliability of the forum..pls delete
Things are still not looking up for Parsvnath http://www.moneycontrol.com/news/crisil-research/parsvnath-developers-execution-yet-to-pick-up-says-crisil_795225.html
The post maybe old, but the story is the same. I'm posting something from the previous article in case people wonder how India has so much money now:
India and Indian companies have been borrowing heavily with the next generation to pay it off. I think 2013 is going to b ereally bad for India. In fact UPA scams will come out to truth this year that will cost them 2014 election.
How much money can you really print and how much can you borrow to put up the face? All nonsense created by these so called educated MBAs and ministers who are screwing the country more than the Britishers and Muslim invaders did. Forfiet their MBA degrees and put them in Jail. Just creating money scams to loot masses and profit the banks and builders.
HOW IS INDIA AND INDIAN COMPANIES PAYING INTEREST ON THEIR BORROWED MONEY?
Answer: By borrowing more.
This is all going to end very badly. I'm out of India and investments in India.
I'm wishing all these mother fucker thieves who stole money in creating the RE boom including bankers, builders and politicians suffer. Lets hope they never use this ill gotten wealth to any good use other than paying huge medical bills.
Looser thieves.
I don't think the article is relevant today. From what I know in Bangalore, there is a huge shortage of construction laborers. Most of construction activity is mechanized because of that.
^ Won't that be other way around? The mechanization of construction sector will create higher unemployment.
http://www.popsci.com/technology/article/2012-12/watch-10-story-building-go-two-days
(^ That's happening right here in India)
http://www.dailymail.co.uk/sciencetech/article-2187623/Contour-Crafting-builds-house-24-hours.html
I think 2013 is going to b ereally bad for India. In fact UPA scams will come out to truth this year that will cost them 2014 election.
What a surprise, the crooks are taking turns raping the country.
Ever wonder why parties go out of power because of scams but none of the big fish are caught, put behind bars and their assets confiscated?
We should institute a lifetime ban on politicians (and political families) who amass disproportionate wealth.
Government is about SERVING the people. A class 5 civics lesson that everyone seems to forget once they come into power...
Won't that be other way around? The mechanization of construction sector will create higher unemployment.
Well, it is my first hand experience in Bangalore. I am constructing my home, and many days the work is stalled because of non availability of workers and small works like cutting of steel or mixing concrete, machines are bought for a couple of hours to finish the job.
Don't worry guys. The experiment of making apes smarter is about to reach a dead end.
Mother nature will soon wind it down and end everyones misery. Thanks for participating!
I wonder what influence the new PF bill will have on ability of debt slaves to make EMI payments once the take home salary is reduced.
@GSM - But in the end, what would be cheaper? machines or labourers?
Something tells me either they went off to their villages or states because they can't afford to live in metro cities, or they've all become engineers and IT professionals.
Something tells me either they went off to their villages or states because they can't afford to live in metro cities, or they've all become engineers and IT professionals.
It is some where in between. I also hear about labor problems in villages. In metro's the daily wage for a unskilled male and female worker is Rs.350 and Rs.250 respectively. Well, a family of work only for 22 days a month, their earning is 13k which is way more than Montek's Rs.35/day poverty line. Not to mention they don't have to pay rent or electricity or water (however bad the temporary accommodation is). The biggest down side is their children cannot get educated because of their nomadic nature. And then if they know the law correctly, they will be entitled to Govt's free plots for the poor and subsidized ration.
Houses starting at half a million dollars, in a city inhabited by f#%king animals.
^^
sad but true.
It is some where in between. I also hear about labor problems in villages. In metro's the daily wage for a unskilled male and female worker is Rs.350 and Rs.250 respectively.
NREGA has had a huge impact on rural as well as urban economies, wherever I go I hear tales of NREGA taking away the chunk of labor force. I am not saying it's a bad thing, those poor folks deserved a wage hike which the scheme has provided even though it wasn't it's original intention.
Anon at 10:27
Never understood why Delhi and the NCR is such a big deal and I am not getting influenced by the recent incident, these things happen elsewhere as well.
The sheer aggressiveness and uncouth nature of people from that area is a major turnoff, I wouldn't go to NCR even if they doubled my pay. I know of many natives who have left that place and never vowed to go back there.
*vowed to never go back there
^^ why run away from the problem? one day there will be no place to run!
for decades indians dismissed the practice of female foeticide as something that only happens in villages and amongst illiterate or uncultured families.
Inspite of horror stories like these there were no public protests or demonstrations:
http://in.reuters.com/article/2011/10/27/idINIndia-60154420111027
Now that the problem is hitting home, the so called cultured elite are raising a hue and cry and marching on the streets.
Well, it is too little, too late. An entire generation of men have been raised up who only see women as an object for satisfying their sexual urges.
http://www.thehindu.com/news/cities/Kochi/builders-leave-apartment-owners-in-city-high-and-dry/article4228561.ece?homepage=true
Below is the same story as India. Read it and enjoy, it is soon coming to India:
Now is the time to prepare for a massive housing crisis in Asia
http://renohomeblog.com/2012/12/an-open-letter-to-philippine-p.php
Question for anyone in NCR area. Is the ruling class even mildly perturbed by what is transpiring on the streets of Delhi? Or is this business as usual?
It is business as usual. In fact ruling class is happy as no one is bothering them about the scams and stolen money they have.
In fact this is a boon for them as it distracts masses from going after the white collar thugs.
The ruling class has rapists and molesters amongst it's own ranks.
Almost every Indian politician has committed rape, either physically or metaphorically.
http://www.telegraph.co.uk/news/worldnews/asia/india/9760171/Indian-gang-rape-case-20-accused-politicians-allowed-to-run-for-office.html
Signs of a decaying and dying society?
It's good to know that metros like Hyderabad still offering affordable option.
Signs of a decaying and dying society?
I don't think it's such a big deal, if anything it's much better than what existed 100 years ago when women had to fight just to go to school and there were plenty of molesters and rapists among the maharajas. IMO the media loves to play the "we are going downhill" card all the time.
However one thing one can all agree with is that there is a significant chasm now between the ruling class and common people(compared to what existed in the history of post independence India). Regionalism is on the rise and there are almost no leaders with a pan Indian appeal. I have no idea how this will play out in the future.
>there are almost no leaders with a pan Indian appeal.
Maybe Narendra Modi (even with the 2002 riots blot on his record) might turn out to be the person.
Grate information about living in hongkong, i have also some content for related this info... i want to share Gurgaon Properties Information.
The fact that someone like Narendra Modi can be considered a prime minister candidate is a sign that the political system is rotten to the core.
No matter whom you select the puppet masters remain the same. Which is why inspite of widespread corruption that puts even 3rd world dictatorships to shame, NO political leader has had to face any scrutiny, let alone punishment.
Here's another reason why Indian RE is the mother of all bubbles (mania?) and when it bursts there will be plenty of tears:
http://india.blogs.nytimes.com/2012/12/17/bangalores-fast-growing-home-values-spawn-a-new-generation-of-highly-competitive-real-estate-agents/
"In Bangalore, Mr. Jain said he knows many doctors, accountants and software engineers who have quit their profession to turn real estate consultants. He said he recently encountered a real estate consultant in Gurgaon who arrived in a Mercedes but spoke in broken English."
property prices in all metros+bangalore is going to go the mumbai way. double triple, quadruple. no way it is going to come down, forget correct.
Why only double tripple it will double every year.
As in india we all people earn so much money that all international company want to setup shop here and earn money from us.
I am planing to start SIP in property purchase. Purchase 1 flat every month.
What say guys what do u think?
yes, buy one flat not every month but one every week. Why wait. Get rich fast. Loans are easy. Buy more and everyone should et rich. After all it is the only investment that you sleep on and in 304 weeks, it goes up by a 4-5 lakhs.
My advice, buy more flats. Get the ones under construction. Buy, buy buy. Only buying can resolve your issues.
A flat that used to cost 20 lacs in 2006, was worth 1 crore in 2009 and 1.8 corore in 2012. I think it will go to 4 crores by 2015. Leave your jobs and just ivesnt in RE. That is the way to go. There is no need to go to college for education. Just buy RE.
304=3to4
Thanks for your great advice. I resigned from my job yesterday night. And today i booked 3 flat.
Waiting for my money to grow now :)
Thanks for the great advice.
I have sold my business (was't able to give returns anywhere close to RE), my family and MY SOUL and planning to buy flats all over Gurgaon.
Why work when you can sleep over an investment and wake up rich.
Who knows with all the money I make from RE, tomorrow some politician may want to align with me and in a few years time I will be the next KP Singh.
The future, my friends, is suddenly looking bright.
^^
Why do you need to sell your family and soul to buy RE?
Good, keep buying guys as RE never goes down. Why work when easy money is available. I also quit my job and am buying 4 flats for this month. I would be putting down very less and banks are giving money easy as loans.
And then, I'll be relaxing and waiting my pot to grow every month. I've also told everyone in my family and friends to quit working and just buy RE. Why work?
I'll be joining some non profit for no salary and just enjoy my savings grow. All the 4 flats are going to be around 3 crores together. I'm hoping to make 30-40 lacs just in one year like 3 lacs per month. It is a lot more than my salary I was making.
Buy, buy, buy. Don't wait and be left out. After all RE prices have Sky to touch and India is growing so fast. I'm hoping my 3 crores would be 6 crores in the next few years and then to 12 crores and then 24 crores.
I have found the way to riches.
:) :) :)
:) :) :)
:) :) :)
:) :) :)
:) :) :)
I am anon at 8:06 AM.
:) :) :)
:) :) :)
:) :) :)
:) :) :)
^^^ You sir will be crediting with starting an economic revolution, totally unique in the world, where in the only productive (???) work done by the entire population of a country will be to buy and sell RE.
Not sure it is much different right now though!!!
It's worthwhile for the peasants to know whom they are working for.
BTW. why are all these guys afflicted with SPS:
http://www.siliconindia.com/realestate/news/Indias-Most-Expensive-Homes-Of-2012-nid-137449.html
http://www.nytimes.com/2012/12/30/world/asia/weak-response-of-india-government-in-rape-case-stokes-rage.html?pagewanted=all&_r=0
The jokers in charge of India can't even figure out the right response to a shameful tragedy. Do we really think they will be able to manage the housing crash when it occurs?
NRIs like me can take out the popcorn and laugh at these clowns but really feel sorry for the man on the Indian street.
Commercial realty is also hurting.
52% vacancy sounds almost alarming. Sure banks are rolling over loans here.
http://www.business-standard.com/india/news/over-52-malls-in-mumbaivacant-assocham/200993/on
And the slide into deeper doo-doo continues...
http://online.wsj.com/article/SB10001424127887324274404578213450883093748.html
Rate cuts anyone?
The most WTF moment -
35 lakhs for 2 BHK in Kolhapur - Sangli-Miraj etc - that too dictated by the state govt.
http://online3.esakal.com/esakal/20130102/5587776677090734081.htm
(marathi)
Im pretty sure the same is being done throughout the country.
How can metro prices come down?
New Post please
great post
thanks for info
The end game will be the collapse of the currency if they don't bring down prices and liquidate the massive inventory
The slow melt continues in Australia
http://www.businessspectator.com.au/bs.nsf/Article/Australian-property-2013-house-prices-mortgage-deb-pd20121217-32QMN
Prices there have fallen 4.1% in nominal terms since 2010 and about 9% in real terms.
It is likely that we will see a similar slow correction in nominal terms. 4% in two years is like 0.15% a month. It wont generate headlines, but eat away slowly and steadily.
looks like Real estate will go down.
Goons lost faith in RE and invested in US treasury bond
http://www.indianexpress.com/news/-5bn-us-bonds-seized-from-tn-stock-broker/1053200/
http://www.thehindubusinessline.com/industry-and-economy/economy/to-curb-buying-govt-may-raise-import-duty-on-gold/article4264676.ece
The link is self explanatory. As they say if the govt is banning it, there must be something in it.
Now you know what to do.
^^ to curb gold buying the govt. should stop printing and allow RBI to raise borrowing rates to their real level i.e. inflation + 3%
Encouraging real savings is the proven path to true prosperity. No one has prospered by borrowing / printing fake money.
JM Group, well known real estate developer for its well-executed residential and commercial projects, has been working in the industry for more than 50 years. Click here for more information JM Noida Extension
Hi,
so this is very interesting blog, I read this blog.Very informative post thanks for sharing.That the effect of humanlife
Thank you for making this type of blog...
I enjoy your site theme.Noida Property
Hi,
I read your blog day by day its very useful to us.
I have a project name Wegmans Trustone City Noida is a new project launched by wegmans group in noida.
This is very informative post thanks for sharing with us. Budget flats in Chennai
Thank you for sharing this information, its useful. I too have something worth sharing about cheapest 4 bhk flat in noida extension
This blog was really helpful for me and I liked the information given in it. I have seen a similar blog related to this. One of the Top builders in bhopal is . they are the best builders in bhopal. . They into construction business from the past three decades so they have experience and people have trusted over them
Thanks for sharing the information and it helps a lot.
Residential plots for sale in Hyderabad.
Top real estate company in Hyderabad.
I found this article which is related to my interest. The way you covered the knowledge about the subject and the university in bhopal
was worth to read, it undoubtedly cleared my vision and thoughts towards private university in bhopal
. Your writing skills and the way you portrayed the examples are very impressive. The knowledge about Top Private University in Bhopal
is well covered. Thank you for putting this highly informative article on the internet which is clearing the vision about top universities in bhopal
Post a Comment