Announcement

Collapse
No announcement yet.

RE business in Chennai collapsing

Collapse
X
Collapse

RE business in Chennai collapsing

Last updated: August 17 2009
279 | Posts
  • Time
  • Show
Clear All
new posts
  • #11

    #11

    Re : RE business in Chennai collapsing

    Originally posted by abk View Post
    current projection are increased spending by the GOVT i.e more proj more black money.
    you grossly underestimate black money. the amount actually spent by the govt is 25-40%
    of allocated money and 65-75% is filtered in all stages by the politicians and bureacrats
    Dear friend,

    You are not wrong. Over 50% goes to different people including the politicians/bureacrats/agents/brokers/middlemen etc. If such large chunk of BM ( Black Money ) is created on continuous basis, how do we expect in this country of ours, there will be crash in the RE prices like in USA or other countries?

    ks2071746

    Comment

    • #12

      #12

      Re : RE business in Chennai collapsing

      Originally posted by ks2071746 View Post
      Dear friend,

      You are not wrong. Over 50% goes to different people including the politicians/bureacrats/agents/brokers/middlemen etc. If such large chunk of BM ( Black Money ) is created on continuous basis, how do we expect in this country of ours, there will be crash in the RE prices like in USA or other countries?

      ks2071746
      Dear friend

      We (general public) always play the role of mute spectators to this sorry state of affairs

      thanks

      chataara

      Comment

      • #13

        #13

        Re : RE business in Chennai collapsing

        Originally posted by chataara View Post
        Dear friend

        We (general public) always play the role of mute spectators to this sorry state of affairs

        thanks

        chataara
        what else can we do chataara?
        SEND PINK CHADDIS.

        Comment

        • #14

          #14

          Re : RE business in Chennai collapsing

          Originally posted by abk View Post
          what else can we do chataara?
          SEND PINK CHADDIS.
          Friend

          Whats special in pink chaddi. why not yellow or green

          thanks

          chataara

          Comment

          • #15

            #15

            Re : RE business in Chennai collapsing

            Originally posted by chataara View Post
            Dear friend

            We (general public) always play the role of mute spectators to this sorry state of affairs

            thanks

            chataara
            Dear friend,

            What else to do? We always have - fear mind- no one will support or go with us if we take the lead. If we take the first initiative, goondas will come to our house and ask how many people live there in the house? Of which how many are ladies? Tell your old guy to keep quiet-otherwise, he will have to face the consequences- let him not interfere in others activities and risk every thing he has etc.etc. Such things are better said than done in this country of ours.

            ks2071746

            Comment

            • #16

              #16

              Re : RE business in Chennai collapsing

              Black money will be generated only when business is there. If there is no business, no income and no need of evasion of income tax and hence no black money.

              So investment in RE will also come down

              Comment

              • #17

                #17

                Re : RE business in Chennai collapsing

                Originally posted by Nataraajg007 View Post
                Black money will be generated only when business is there. If there is no business, no income and no need of evasion of income tax and hence no black money.

                So investment in RE will also come down
                when you said 'no business' thats it '
                you dont have to say no invstmnt in RE
                its also business.redundancy is your forte natraaj as redundant as the aa's in your name natraaaaaaj

                Comment

                • #18

                  #18

                  Re : RE business in Chennai collapsing

                  Originally posted by abk View Post
                  when you said 'no business' thats it '
                  you dont have to say no invstmnt in RE
                  its also business.redundancy is your forte natraaj as redundant as the aa's in your name natraaaaaaj
                  Looks like RE forum will become BM (Black Money) forum. Incidentally the white portion is much higher in Bangalore. Even then not much fall in RE prices really except when huge numbers are involved say in Brigade at Rajaji Nagar. Incidentally this fellow was using the same trick, call Rajaji Nagar as Malleswaram (like calling Mogappair as Anna Nagar).

                  Comment

                  • #19

                    #19

                    Re : RE business in Chennai collapsing

                    Originally posted by sethugm View Post
                    Posted by Mr sekard in Vikatan/Business Edition.

                    "புக் செய்த ஐ.டி. துறையைச் சேர்ந்த சிலருக்கு இப்போது வேலை இழப்பு ஏற்பட்டிருக்கிறது. அப்படிப்பட்டவர்களுக்கு சம்பந்தப்பட்ட நிறுவனத்தின் மனிதவளத்துறையுடன் தொடர்பு கொண்டு உறுதிப்படுத்திக்கொண்டு, அட்வான்ஸைத் திரும்பக் கொடுக்கிறார்களாம்"

                    'டி.எல்.எஃப். ஹோம்ஸ் டெவலப்பர்ஸ்' நிறுவனத்தின் தமிழகப் பிரிவு பொறுப்பாளர் கே.கே.ராமன்.

                    The above statement by Mr.K.K.Raman,DLF Tamilnadu Director states that IT/ITES guys those lost the job are allowed to cancel their booking on confirmation from HR of the company concerned.

                    With IT/ITES job losses and salary reduction , we can see more EMI Defaults and will see all the 'appreciation' will be going to Banks when they liquidate the property.When banks see the value of the 'property' going down the outstanding lent amount , banks will start faltering...
                    Dear friends,

                    Last two years more than 30 percent of the RE transactions

                    have bene executed in favour of IT guys who are around 30 years of age.

                    We cannot deny this fact in the escalation of RE price.

                    Now if their jobs are in jeopardy how can they buy properties at their will.

                    They are afraid of their future.

                    thanks

                    chataara

                    Comment

                    • #20

                      #20

                      Re : RE business in Chennai collapsing

                      Originally posted by chataara View Post
                      Dear friends,

                      Last two years more than 30 percent of the RE transactions

                      have bene executed in favour of IT guys who are around 30 years of age.

                      We cannot deny this fact in the escalation of RE price.

                      Now if their jobs are in jeopardy how can they buy properties at their will.

                      They are afraid of their future.

                      thanks

                      chataara
                      Dear friend,

                      IT guys are afraid of buying flats now as their jobs ae in jeopardy and salaries are coming down. Only guys with their parents supporting them can continue with their EMI on house loan already taken. Now a days, the IT guys seldom go to big hotels for party or even for normal food. They start cooking themsleves or go to medium class hotels for their food. Even in their Food Courts in their companies, they opt for medium or low priced food items. Some guys who have been going in for I class railway season ticket are switching to II class season ticket. They are now realising the need and necessity of saving for future which they were not doing earlier when their jobs were not that much in danger. (Incidentally, my son is a software engineer in a reputed IT company- not in Satyam))

                      ks2071746

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X