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nabishek · 02-09-10

Introspection of a decade and future without verbiage?Not possible by me.I will try to keep this short.Kindly excuse my rant.

In the past decade, I feel we have had upheaval of various sorts at several levels.

I would put it this way.India-Especially the middle class has been building muscle power on steriods and flexing it proudly in front of the world.

Thanks to globalisation and opening up of our economy, our society has witnessed lots of development in very short span of time.It has helped many to realise their financial independence reducing their dependability on relatives and joint-families income and completely overcome economic/regional/caste divide for survival.

What this has done is has also escalated the society's expectations on an individual to follow a well laid path to achieve good education, join good paying job that enables to acquire food,clothes and shelter, later plan a family and life upto and after retirement.

To give a perspective - During my parents time it was graduate or post-graduate in arts/science?during my time - Engineer or Doctor?Now people are planning their kids to do MS in U.S? MBA in Australia? MD in London?

So, it encourages the majority to stay compliant with the system and keep aiming higher.To go up wherever it takes you or fall along with it.Since we are riding on the growth story of a country, it gives a reason to believe thats the right thing to do and not try and do anything different and risk being named a rebel or unsuccessful misfit.

Whilst money is coming to India from everywhere wanting to tap into the booming service industry, The metro's are witnessing migration from other places and population implosion chasing better accessibilty and opportunity to excel among peers without having to do anything different.

So?what can go wrong?Just like effets of steriods - It leads to abnormal unproportionate growth and impotency.The poor get more deprived as the rich get richer and when and if the system breaks down due to the inherent nature, It could lead to a lost generation.

Presently we are in the lower end of the supply chain, extremely complacent and satisfied by servicing demand international and domestic.The system doesnt encourage you to question or explore.In this fast world, one can become outdated before knowing what hit them.

The lack of survival skills and lack of motivation to innovate, pioneer in technological inventions, spend in research and development doesnt help either.To me personally, The attitude and ignorance around is very disturbing.In this abnormal time I prepare myself to stay aware to stay ahead.

Coming back to RE, I have believed and also have opined here several times.Wanting to have a place you can call your own is a primal instinct.Its like the alpha male marking its territory to establish superiority.Everyone would want to own a house, if they can afford.

Economic scenerio and income will decide the affordability and the general price levels of a location relatively according to the then demand and value of rupee.RE market price mover has always been affordability.Sentiments only prepones or postpones the buying decision.

Chennai in my opinion is a world-class city in the making.Geographically and demographically the benefits far surpasses the negatives.It has the right balance and mix of different industries and people, great educational instituitions, best hospitals, efficient harbour, great connectivity,some added attractions like second longest beach, untapped east coast road etc.Even the minuses like water scarcity, traffic congestions are being addressed.Very good infrastructure has been planned by successive governments keeping in mind the future growth of the city.Faster the implementation and politics aside, sooner the dream to see Chennai like Singapore or New york will be realized.

02-09-10	#7
nabishek Member Join Date: Mar 2008 Posts: 336 Thanks: 0 Thanked 4 Times in 2 Posts	Introspection of a decade and future without verbiage?Not possible by me.I will try to keep this short.Kindly excuse my rant. In the past decade, I feel we have had upheaval of various sorts at several levels. I would put it this way.India-Especially the middle class has been building muscle power on steriods and flexing it proudly in front of the world. Thanks to globalisation and opening up of our economy, our society has witnessed lots of development in very short span of time.It has helped many to realise their financial independence reducing their dependability on relatives and joint-families income and completely overcome economic/regional/caste divide for survival. What this has done is has also escalated the society's expectations on an individual to follow a well laid path to achieve good education, join good paying job that enables to acquire food,clothes and shelter, later plan a family and life upto and after retirement. To give a perspective - During my parents time it was graduate or post-graduate in arts/science?during my time - Engineer or Doctor?Now people are planning their kids to do MS in U.S? MBA in Australia? MD in London? So, it encourages the majority to stay compliant with the system and keep aiming higher.To go up wherever it takes you or fall along with it.Since we are riding on the growth story of a country, it gives a reason to believe thats the right thing to do and not try and do anything different and risk being named a rebel or unsuccessful misfit. Whilst money is coming to India from everywhere wanting to tap into the booming service industry, The metro's are witnessing migration from other places and population implosion chasing better accessibilty and opportunity to excel among peers without having to do anything different. So?what can go wrong?Just like effets of steriods - It leads to abnormal unproportionate growth and impotency.The poor get more deprived as the rich get richer and when and if the system breaks down due to the inherent nature, It could lead to a lost generation. Presently we are in the lower end of the supply chain, extremely complacent and satisfied by servicing demand international and domestic.The system doesnt encourage you to question or explore.In this fast world, one can become outdated before knowing what hit them. The lack of survival skills and lack of motivation to innovate, pioneer in technological inventions, spend in research and development doesnt help either.To me personally, The attitude and ignorance around is very disturbing.In this abnormal time I prepare myself to stay aware to stay ahead. Coming back to RE, I have believed and also have opined here several times.Wanting to have a place you can call your own is a primal instinct.Its like the alpha male marking its territory to establish superiority.Everyone would want to own a house, if they can afford. Economic scenerio and income will decide the affordability and the general price levels of a location relatively according to the then demand and value of rupee.RE market price mover has always been affordability.Sentiments only prepones or postpones the buying decision. Chennai in my opinion is a world-class city in the making.Geographically and demographically the benefits far surpasses the negatives.It has the right balance and mix of different industries and people, great educational instituitions, best hospitals, efficient harbour, great connectivity,some added attractions like second longest beach, untapped east coast road etc.Even the minuses like water scarcity, traffic congestions are being addressed.Very good infrastructure has been planned by successive governments keeping in mind the future growth of the city.Faster the implementation and politics aside, sooner the dream to see Chennai like Singapore or New york will be realized.