#1 & #2 are good posts and make sense in their own respects.
#1 is correct in the sense that FII s have duly noted the resilinece of indian economy and INR as well. The recent FII investments are a proof. some of the quantitative easing money is finding its way into India and as #2 pointed out the arbitrage opportunities are attarctive.
Though, there may not be a boom in the immediate term, there is probably going to be no doom as well as far as Indian RE ic concerned. its probably going to be sideways with occasional sngle digit corrections/appreciations for the next 2-3 years i.e +/-10% movement from now to next 2-3 years.. So, if you postpone it for a couple of years, you are not necessarily going to priced out unlike 2005-08 scenario, OTOH, you are not going to gain also much.
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