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Builders & Real Estate Bulls Theory Proved Wrong

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Builders & Real Estate Bulls Theory Proved Wrong

Last updated: November 1 2016
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  • Re : Builders & Real Estate Bulls Theory Proved Wrong

    Gods Gift

    The country's IT industry has been the biggest boon in equalization of wealth.

    What Nehru's Socialism/ Indira's Garibi Hatao or what ever the Netas slogannering
    could not do, IT salary to common people has done it.

    Comment


    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Apartment rentals dip 30% in south Mumbai, south Delhi and Gurgaon

      Apartment rentals in south Mumbai, south Delhi and Gurgaon have fallen by 20-30% in the last one year, according to property consultants. Property brokers say a slowdown in the job market and commercial office space leasing over the last two years have put rentals in check.

      Compounding the problem is a rise in supply of apartments and homes in many locations. "Corporates have reduced their rental budgets for their executives, but many landlords still have unrealistic expectations," said Ramesh Nair, chief operating officer, business and national director at property consultancy JLL India. In south Delhi, rentals have dropped by up to 50% in areas like Vasant Vihar, Greater Kailash and Shanti Niketan.

      "Owners are finding it difficult to rent out their apartments or homes unless they are willing to reduce their demand," said Sunil Kapur of Delhi-based KK Real Estate. South Mumbai is facing a similar situation because expats have started to move towards Bandra. "In some parts of south Mumbai, you can get two-year-old rentals today. The supply is very high and demand still slack," said Mumbai-based broker Akhil Kapur of AJ Housing.

      According to brokers, rentals in posh buildings in south Mumbai, such as Raheja Atlantis, Imperial heights, Samudra Mahal, Beau-Monde and NCPA, among others, are down by 10% to 30%.

      "Many owners are preferring to let existing tenants continue without asking for an increase when the tenure ends," Kapur added. In Gurgaon, where several companies are setting up shop, rentals have fallen significantly. In prime projects on Golf Course Road — Pinnacle, Belaire, Palm Springs, Exotica and others —rentals have slid 30% in the past one year.

      Apartment rentals dip 30% in south Mumbai, south Delhi and Gurgaon - Economic Times

      ^^ Another reason to prefer rent than to buy & with such falls, renting becomes even more lucrative.
      If you are happy, you are successful.

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        I did not get the entire discussion as I had not logged in for sometime.
        Here is something and not the entire details as identity would be revealed.
        Depth is missing now among the newbies.
        For the past two months for one special project IT guys were needed with attractive salary and interviews were conducted,Hardly one out of ten was selected [ with some experience ] yet required number of people could not be found.Those rejected were not really dumb but lacked depth.
        This is the case across many companies.There are good opportunities for those who develop quickly with depth.Many companies are conducting interviews regularly but it is not possible to get many with some good understanding of the subject.
        Brightest ones may be one in hundred but out of 99 you find only a few with a lot of development in the field because of laid back approach and no enthusiasm to learn new things.
        Venky must be a doctorate in Economics but venky how many bright doctorates do you find ? Most of them must have written some dumb thesis on the most useless topics.
        This is the malady in all the fields.One in 100 is good but the others are run of the mill types.
        This is not merely typical to India.All countries have similar problems in all fields.
        All people don't have same capacity and the number of the brightest differs from country to country.And throw in the surroundings bit and you get some more motivated people.
        All " phoren " people are not bright but their number is low because of the environment they get in education and also demographic scale.
        The parents may be farmers but brightness is genetic and many bright engineers have below average children. A brilliant mathematics professor's [international level institute] children are just ordinary [real example] even with some good schooling.
        Many such examples have been in news papers where ordinary parent's children making it to IIT has been reported.


        Originally posted by Venkytalks View Post
        I am also non ITG.

        But I am an investor in IT stocks. It is now a mature business. It will have to improve efficiency = do the same job with less people.

        IT employed a pent up frustrated group of capable people who were underproducing before. The children of the Nehru educated generation. Largely upper caste and English speaking.

        Even this cream was only of above average capability as compared to Western Japanese or Chinese (of Singapore Malaya Hong Kong or other expat) population i.e. the cream of India in top 1% matched the above average of these countries i.e. top 20%.

        That group is now used up. The rest of Indian population are less capable. It will take 2 to 3 generations to train them up i.e. the British rule babu + Nehru educated babu had kids who could do average IT services.

        Present youth is in 1st generation and cannot compete at global capability efficiency and productivity levels.

        Except the children of the IT generation.

        Growth in IT employment is now over. Addition (from IT kids) and attrition (of IT dads) will balance out.

        All Indians are not at same level.

        Exceptions will always transcend these barriers.

        But the bulk will not.

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by rembrants View Post
          This post sounds so weird to me. May be I have misunderstood...but right now this is what I interpret:

          India = IT + Farmers
          Children of ITGs = above average and can compete globally
          Children of farmers = first educated generation in the family and not capable enough

          So, if your Dad has not worked in an IT company, you are incapable and everybody else other then IT employees and Farmers do not exists?
          i think Venky's statement need not be taken literally. The point perhaps is that.... an average IT guy today is not as capable as he was 10-15 yrs back. And this is true. IT companies today recruit lakhs of fresh engineers every year. The intake today is 10-15 times of what it was in the 90s. You can't expect the same quality of folks at that rate.

          While IT companies do a lot of run-of-the mill projects which are largely in the ADM space (Application Dev and Maintenance), most companies are trying to build capability around products and consulting. Their is a conscious effort to increase revenue from these streams.

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by realacres View Post

            What is important is not high population but high productive population. Just make population 35-40 Cr & 90% of problems will vanish.
            for bringing down population from 120 Cr to 40 Cr, we probably need to build a lot of gas chambers. :-)

            But as we all know, our only option is to make those 120 Cr productive, literate and skilled so that they can contribute to the GDP, and not be a drag on the economy.

            btw, our sister nation - Pakistan, has a population of only about 20 Cr, and has all the problems that we have, and more.

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              IT, like any other industry, has gone through a high growth phase followed by stabilisation and then slowdown. I dont think they paid absurdly high compensation to undeserving people. It was just correction of the income base in India. High skilled, educated youth was available at cheaper costs compared to western countries.

              Now that IT sector has slowed down, the next growth, and a more sustainable one will come from what Indians do the best - banya

              Indians have an amazing sense of enterpreneurship and trade. Centuries back, India was the hub of global trade and it was called the "Sone ki Chidiya" because of the glorious trade and enterpreuship here.

              unfortunately, first the invaders and then the Congress have finished the free trade markets and the country is now the most difficult place to start a shop in.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by rambler View Post
                I did not get the entire discussion as I had not logged in for sometime.
                Here is something and not the entire details as identity would be revealed.
                Depth is missing now among the newbies.
                For the past two months for one special project IT guys were needed with attractive salary and interviews were conducted,Hardly one out of ten was selected [ with some experience ] yet required number of people could not be found.Those rejected were not really dumb but lacked depth.
                This is the case across many companies.There are good opportunities for those who develop quickly with depth.Many companies are conducting interviews regularly but it is not possible to get many with some good understanding of the subject.
                Brightest ones may be one in hundred but out of 99 you find only a few with a lot of development in the field because of laid back approach and no enthusiasm to learn new things.
                Venky must be a doctorate in Economics but venky how many bright doctorates do you find ? Most of them must have written some dumb thesis on the most useless topics.
                This is the malady in all the fields.One in 100 is good but the others are run of the mill types.
                This is not merely typical to India.All countries have similar problems in all fields.
                All people don't have same capacity and the number of the brightest differs from country to country.And throw in the surroundings bit and you get some more motivated people.
                All " phoren " people are not bright but their number is low because of the environment they get in education and also demographic scale.
                The parents may be farmers but brightness is genetic and many bright engineers have below average children. A brilliant mathematics professor's [international level institute] children are just ordinary [real example] even with some good schooling.
                Many such examples have been in news papers where ordinary parent's children making it to IIT has been reported.
                True.

                I have worked abroad and in India. Very few of the whites without the talent take up doctorates.

                Most of the below average doctorates abroad were also Indians gulf philipino east europeans and even Belgians or Italians. Rarely Chinese or Japanese or Germans. Among the English also there was vast difference between depth of knowledge between upper class and working class.

                Indians in large numbers were just average but hard working. But enough were also brilliant.
                Venky (Please read watch a or before posting)

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by GlobeSon View Post
                  for bringing down population from 120 Cr to 40 Cr, we probably need to build a lot of gas chambers. :-)

                  But as we all know, our only option is to make those 120 Cr productive, literate and skilled so that they can contribute to the GDP, and not be a drag on the economy.
                  Do you think 30, 40+....can be made literate now ??
                  And do you think those who are already literate now are doing well ??

                  Issue is not about literacy but skills....industry specific skills.
                  Eg. There are lots of electricians around, but only handful of them have finesse to do work properly. Why can't we have good electricians, plumbers etc. ??
                  Giving these egs. as this is RE forum & easy for people to understand.

                  btw, our sister nation - Pakistan, has a population of only about 20 Cr, and has all the problems that we have, and more.
                  And what are the resources there ?? Nothing. Just see the land size, & resources there & then compare. And if the only work of people here is to spend resources fighting India, even God can't develop this country.

                  Issue is not just population but ratio of Population : Resources.

                  Man, we add 1 Australia every year.
                  Last edited by realacres; December 2 2014, 10:06 PM.
                  If you are happy, you are successful.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    92 percent dip in tax collection from real estate sector

                    The tax collections from Pune builders has fallen by 92% compared to last year as sale of flats takes a hit. This itself shows the real state of RE.




                    If you are happy, you are successful.

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by realacres View Post
                      The tax collections from Pune builders has fallen by 92% compared to last year as sale of flats takes a hit. This itself shows the real state of RE.





                      What a load of crap man!!! Those are income tax figures and not stamp duty or registration or home price figures. RE companies pay income tax on revenue and revenue is recognized based on project completion and not on project launch sales or just booking.

                      Pls use correct data atleast to make ur incorrect analysis!!!

                      Comment

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