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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

    Dont know what BJP ruling had to do with safety, i was asking from perspective of crimes and insurgency(maoism/naxalism etc) if any.

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      ‘Property prices in big cities may fall'

      Nice article from IE:-

      http://www.indianexpress.com/news/pr...-fall/717389/1
      If you are happy, you are successful.

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        LIC Housing says $85m loans under scrutiny in scandal

        LIC Housing Finance said on Monday loans worth Rs 389 crore (USD 85 million) issued by it were under probe by the federal investigative bureau in a financial bribery scandal.

        The company said the outstanding loans under scrutiny by the Central Bureau of Investigation were performing and the value of securities against the loans were at over Rs 1000 crore.

        Eight executives from public and private-sector financial institutions have been arrested in the scandal, including the chief executive of LIC Housing Finance, who has since been removed from his post.

        Besides LIC Housing Finance Chief Executive R.R. Nair, those arrested include senior officials at state-run Central Bank of India, Punjab National Bank and Bank of India for allegedly accepting bribes for sanctioning loans.

        http://www.moneycontrol.com/news/bus...al_502042.html
        If you are happy, you are successful.

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        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          No not those problems.. though Haridwar gets dirty during the melas.. Ganges is really polluted ..

          No it is a successful BJP ruled state.. not the typical problems..

          Originally posted by puser View Post
          Dont know what BJP ruling had to do with safety, i was asking from perspective of crimes and insurgency(maoism/naxalism etc) if any.

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by Sharpj View Post
            No not those problems.. though Haridwar gets dirty during the melas.. Ganges is really polluted ..

            No it is a successful BJP ruled state.. not the typical problems..
            From your post it looks like success of the state of Uttaranchal is in being ruled by BJP

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              I never said that.. it is generalization which I never implied.. They are doing good for the state and it will be a miracle for Congress to beat them there..
              BJP in Maharashtra was nothing to write home about
              They are a mess in Karnataka.. much better than gowdas.. but not upto the mark..



              Originally posted by puser View Post
              From your post it looks like success of the state of Uttaranchal is in being ruled by BJP

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              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by Sharpj View Post
                I never said that.. it is generalization which I never implied.. They are doing good for the state and it will be a miracle for Congress to beat them there..
                BJP in Maharashtra was nothing to write home about
                They are a mess in Karnataka.. much better than gowdas.. but not upto the mark..
                Well, mention of BJP in your very first reply to my question aimed at heretic was simply uncalled for. Anyway whoever rules that state I was not hoping to get such political response that its safe/peaceful/successful being ruled with BJP. EOM

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                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Govt to Keep Tight Vigil on End Use of FDI Inflows

                  One more hammer for builders who use FDI as source of funding, in several cases, the Mafia too uses this route to fund RE projects. So, bad for builders once again. Banks are gone, so has FDI.

                  The government plans to keep a tight vigil on foreign investment inflows by making it mandatory for companies bringing in foreign equity to periodically disclose the end-use of such funds. The Economic Intelligence Council (EIC), led by finance minister Pranab Mukherjee , has called for ‘full disclosure’ of FDI details by the industry. The department of industrial policy & promotion (DIPP) is working on a format for submitting information to the government.

                  Currently, there is no mechanism for monitoring the actual use of FDI and regulatory agencies do not go beyond mandatory clearances at the time of approving foreign investment proposals. This has the government worried since it does not want FDI flows to be exploited for money laundering or diversion of foreign investment flows for speculation in the stock market or real estate.

                  The government wants to put in place a detailed system to make companies come out with full details of ownership, background of promoters, sourcing of funds and investment history, said an official with DIPP, who asked not to be named due to the sensitive nature of the issue and the involvement of security agencies.

                  The Reserve Bank of India had also asked the government to get either administrative departments or state governments to monitor end use of FDI inflows. The Intelligence Bureau , the National Security Council and the EIC have also discussed the issue, the official said. The home ministry and the working group on intelligence apparatus, a co-ordination committee set up under the leadership of the revenue secretary, are also involved in the discussions. Mandatory disclosures would mean additional paperwork for the companies. If deviations are found during monitoring, penal action will be taken against erring companies.

                  The National Security Council has been working on an umbrella legislation to ensure that FDI policy does not clash with national security concerns. Since work on the proposed legislation has slowed down due to differences of opinion within the government, the EIC is now handling some of the issues like monitoring of FDI.

                  The EIC’s mandate is to improve co-ordination among enforcement and intelligence agencies dealing with economic offences and the income tax /customs wings of the department of revenue. The Council is supposed to come up with an oversight mechanism to evolve policy responses to economic offences. Among the first sectors to come under scanner when the new mandatory reporting norms kick in would be FDI in private banks, power, greenfield airports, real estate and breweries, another government official said.

                  While 100% FDI is allowed in these sectors through the automatic route, these segments are subject to sectoral guidelines. Since no clearances are required for these sectors, the companies concerned keep the RBI informed. In fact, there is no provision under the FDI policy or Foreign Exchange Management Act (FEMA) for which RBI is the nodal agency. Violation of FEMA guidelines lead to imposition of penalty by RBI, but this happens mostly in cases where the offender voluntarily discloses the violation.

                  The RBI has been in touch with the DIPP over the issue, the official said. The central bank’s concern is primarily about diversion of FDI inflows into real estate for speculation. While there are restrictions on acquisition of property by non-residents other than NRIs and PIOs, the curbs are circumvented by bringing funds into companies that are meant to operate in the hotels or tourism sector. Such speculation can lead to asset bubbles in real estate, the RBI feels.


                  Source:- IRN.
                  If you are happy, you are successful.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Heretic, you have restated the "property price will fall" bear theory of this blog beautifully.

                    Unfortunately, I think this wont happen - because I believe that the Rupee will devalue by inflation of Rupee prices and depreciation of rupee - until todays astronomical RE prices become justified.

                    Some one said village prices are rising. Actually they have doubled. Because farm produce (food) has doubled in price, the price of the land which produces that food has also become double.

                    In these inflationary times, sitting on cash is the worst thing you can do. You should spend your money before it devalues and buys less.

                    Waiting for a price correction is foolishness - it wont happen - maximum is a time based correction - i.e prices standing still - for about 2 years more.

                    From 2014/15, if you postponed your RE purchase for own use, you will regret it. If you are in a position to afford a flat and actually need a flat for own use, buy what you can affors right NOW - prefereably a close to completion project.

                    For investors 2013/14 is probably the best time to enter, with the widely anticipated RE cycle uptrend of 7-8 years (after 2006)
                    Venky (Please read watch a or before posting)

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                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by Sharpj View Post
                      Dehradun is safe.. Uttaranchal is been ruled by BJP after it has been formed (from UP). It is in a hilly region (Himalayas) and it is very very beautiful.
                      Many of our Indian army officers and soldiers are from this region.
                      Is it no more ruled by NDT ? The shoukeen aadmi.

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