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RE business in Chennai collapsing

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RE business in Chennai collapsing

Last updated: August 17 2009
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  • #61

    #61

    Re : RE business in Chennai collapsing

    http://economictimes.indiatimes.com/...ow/4192538.cms

    see this what will happen to real estate

    Comment

    • #62

      #62

      Re : RE business in Chennai collapsing

      Originally posted by Natarajg007 View Post
      Heccchhh EYE Kay EEEEE ... HIKE. So ABK, you are getting taught English on this board. Looks like many here seem to say they know English BETTER than others, especially given the pathetic English knowledge in TN.
      Dear Nataraj

      thanks for pronouncing "Hike" like "Echakkai"

      Thanks

      chataara

      Comment

      • #63

        #63

        Re : RE business in Chennai collapsing

        Dear friends

        Have a look at the news extracts of TOI

        "MS, believed to use somewhere between 40,000 and 60,000 contract workers worldwide, is slashing overtime, hours and pay.
        It’s official now. TCS may freeze variable pay and it has also decided to increase employee working hours to 45 hours per week.
        Wipro Technologies, the country's third largest IT services exporter, has decided not to hire fresh recruits till demand picks up.
        Employees of Infosys Technologies may get pay hikes below 10 per cent this year, the company's CFO S D Shibu Lal said.
        Infosys Technologies vice-chairman Nandan Nilekani admitted that the global economic meltdown has affected hiring in India's IT industry.
        IT companies now have decided to undertake recruitment only when a batch is about to pass out of college.
        Software firm Sapient has laid off 300 employees at its offices in Bangalore, Noida and Gurgaon as a result of the global economic downturn.
        IT services company HCL Technologies has asked 450 employees at its Delhi and Bangalore offices to leave, a majority of those were on the bench"
        I feel very sorry for the fate of the guys who were instrumental in driving
        RE sector upward.

        Thanks

        chataara

        Comment

        • #64

          #64

          Re : RE business in Chennai collapsing

          Why you dont drive the crow with an Echhakai? U r such a kanjoos guy eh? I can see that! LOL!

          Comment

          • #65

            #65

            Re : RE business in Chennai collapsing

            Previous post is for Chatara!

            Comment

            • #66

              #66

              Re : RE business in Chennai collapsing

              Originally posted by Natarajg007 View Post
              Previous post is for Chatara!
              Mr. Nataraj

              You seem to be more hasty while replying.

              Quite abnormal nowadays....?

              Take care

              thanks

              chataara

              Comment

              • #67

                #67

                Re : RE business in Chennai collapsing

                Originally posted by chataara View Post
                Mr. Nataraj

                You seem to be more hasty while replying.

                Quite abnormal nowadays....?

                Take care

                thanks

                chataara
                Dear friend,

                Coming back to the subject of " Is the Chennai real estate collapsing" I am now coming to the position that the prices are coming down but the stage of collapse is still some months away, if the banks do not reduce the ROI and the builders/owners of land do not reduce the prices to a reasonable/affordable level.

                ks2071746

                Comment

                • #68

                  #68

                  Re : RE business in Chennai collapsing

                  Real collapse is expected in few months.

                  Comment

                  • #69

                    #69

                    Re : RE business in Chennai collapsing

                    Longer the time taken for reducing price greater will be the impact.
                    Remember how Lehman collapsed trying to value their mortage securities way above the market price and ending up in not disposing of them earlier.

                    Comment

                    • #70

                      #70

                      Re : RE business in Chennai collapsing

                      Originally posted by BigBear View Post
                      Longer the time taken for reducing price greater will be the impact.
                      Remember how Lehman collapsed trying to value their mortage securities way above the market price and ending up in not disposing of them earlier.
                      Dear friend,

                      US situation may not apply to that extent here. It may be to a much lower extent here in India due to a variety of reasons, some like being BM ( black money ) and lack of transperancy in RE deals, hide and seek etc.

                      ks2071746

                      Comment

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