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Must Watch : Real Estate in ICU - CNBC Awaaz Live

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Must Watch : Real Estate in ICU - CNBC Awaaz Live

Last updated: March 29 2012
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  • Must Watch : Real Estate in ICU - CNBC Awaaz Live

    Must Watch REAL ESTATE Analysis, It's REAL not Gossip. All Major Real Estates Companies has Total 1,50,000 Caror Loan , Percentage of Sales are getting Reduce month after month. Current Situation is as Worst as ICU.

    Moneycontrol.com >> My TV >> CNBC-TV18 >> Video - Real Estate in ICU - CNBC Awaaz Live
  • #2

    #2

    Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

    I was watching it. Only making me convinced that we are sitting on the time bomb. If the GAAR starts having its intended effects, the time is very near(1-2 year) for few of the real estate companies to go bust.

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    • #3

      #3

      Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

      scary

      Originally posted by saurabh2011 View Post
      Must Watch REAL ESTATE Analysis, It's REAL not Gossip. All Major Real Estates Companies has Total 1,50,000 Caror Loan , Percentage of Sales are getting Reduce month after month. Current Situation is as Worst as ICU.

      Moneycontrol.com >> My TV >> CNBC-TV18 >> Video - Real Estate in ICU - CNBC Awaaz Live
      I think they have reached a point of no return. The prices of cement for example is a result of real estate price rise.

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      • #4

        #4

        Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

        they have no option but to reduce prices and increase sales.

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        • #5

          #5

          Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

          Builders have committed the cardinal sin of borrowing short term money and using it to invest in assets (land banks) that will yield profits only in long term.

          The builders that are in trouble now, raised money from customers as well as via ECBs and also from PE players for 2-3 years term and these same builders have failed to complete projects started in 2005-06, that is 6-7 years ago. None of these builders would have faced troubles if their projects were completed on time. But they opted to run the Ponzi schemes instead of construction business. In the process they lost trust of customers.

          The video talks about increase in interest rates etc being responsible for slowdown in sales but doesn't talk about the real reason about slowdown. Today people will buy a Rs 40 lakh worth 2BHK in an illegal or semi-legal area of East Delhi but will not buy an under construction flat in a much better society in Noida for the same money because they don't trust builders.

          So it is karma catching up with mostly fraud and incompetent builders. Will be interesting to see if much talked about black money of our country can come to the rescue of these builders or may be Pranab Mukherjee will tell the banks to extend the loan durations for another 2 years.
          Last edited March 28 2012, 10:20 PM.

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          • #6

            #6

            Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

            Originally posted by Shaurya29 View Post
            they have no option but to reduce prices and increase sales.
            They would rather like to go bankrupt than lower the prices significantly.

            History tells us that they will offer LCDs and holidays trips to Singapore instead of lowering prices.

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            • #7

              #7

              Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

              Originally posted by ThePunjabi View Post
              They would rather like to go bankrupt than lower the prices significantly.

              History tells us that they will offer LCDs and holidays trips to Singapore instead of lowering prices.

              noida extn wale to CAR bhi dene lagenge...

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              • #8

                #8

                Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

                Originally posted by NoidaDude View Post
                noida extn wale to CAR bhi dene lagenge...
                No jokes about Noida extra-tension please.

                There was a builder named Green City that was offering a Santro to brokers plus normal commission if they brought bookings for 2 or 3 plots in his project somewhere near Dharuheda. That was during 2006-07 boom. Needless to say, builder ran away and no one got their plots or Santro from that builder.

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                • #9

                  #9

                  Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

                  Originally posted by ThePunjabi View Post
                  No jokes about Noida extra-tension please.

                  There was a builder named Green City that was offering a Santro to brokers plus normal commission if they brought bookings for 2 or 3 plots in his project somewhere near Dharuheda. That was during 2006-07 boom. Needless to say, builder ran away and no one got their plots or Santro from that builder.
                  Punjabi-ji, no problem in a little joke.

                  Santro is a small car, as far as I remember Supertech was offering Swift for booking one of it's project in Noida Extension.

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                  • #10

                    #10

                    Re : Must Watch : Real Estate in ICU - CNBC Awaaz Live

                    It was alto for Eco Village 3

                    Originally posted by FieldWorker View Post
                    Punjabi-ji, no problem in a little joke.

                    Santro is a small car, as far as I remember Supertech was offering Swift for booking one of it's project in Noida Extension.

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