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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

    Fresh breeze

    why rupee may rise,well,why,rupee may rise!!

    Receding syria,improving china,RR,likelihood of more reforms,etc.

    Rupee back at 64: Six reasons why Indian rupee will rise this week - Firstpost

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      venkytalks now

      Last week we heard of US bubble now UK bubble! Is RE bubble a sign of improving economy???/

      Soaring house prices spread across UK as surveyors warn of another bubble | Business | The Guardian

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Gen Y techies who invested in Bangalore 1.5 years ago now finding it difficult to service their home loans

        BANGALORE: Economic slowdown has cast a shadow on Bangalore's housing market, with the rising cost of living and poor salary increments forcing an increasing number of IT professionals in the city to put their upscale homes on sale.

        Gen Y techies, who had invested in apartments, row houses and bungalows in Bangalore — India's IT capital, some 1.5 years ago, are now finding it difficult to service their expensive home loans or even maintain these houses amid falling rental yields. Resale inventory in this housing segment has grown 30-35% over the last six months, according to property portal CommonFloor.com.


        The slowing economy and rising inflation is making matters worse," said Srinivas Reddy NS, senior manger — research at Jones Lang LaSalle, another property consultant. Home sales across the country have been slipping over the last few quarters.



        >> The above news clearly shows what was discussed here - Never over-leverage & never buy based on future earnings & that too with long loan period. This is what happens. The bulls will only show how prices go up but will never show how one can go bankrupt in due course of time. I have more such news, will post it here.

        ** PS:- The title in article is mentioned as 15 yrs but it has to be 1.5 yrs. The same has been mentioned by the author Tasmayee Laha Roy, of ET Bureau below.
        If you are happy, you are successful.

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        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Housing slump: Real estate market crumbles as economy slows - The Times of India

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          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by rambler View Post
            Last week we heard of US bubble now UK bubble! Is RE bubble a sign of improving economy???/

            Soaring house prices spread across UK as surveyors warn of another bubble | Business | The Guardian
            I dont know why you addressed this article to me.

            Anyway, London trends I had already analysed in my 2013 predictions. London is one of the cities where the global elite are going to live. And this trend which I had highlighted 8 months ago very quickly took center stage.

            Approximately 400,000 Englishmen have moved away from London, selling their London property to global wealthy elite. And are living in the suburbs or peripheries of Southern England in all white towns.

            London itself is a global city where you will meet every nationality except the English.

            This property bubble of London is going to die a quick death as the emerging market currencies take a beating. Those Indians who had the foresight to invest in London property are however going to reap a great harvest because of the returns from depreciation of Rupee versus Pound - as the Pound moved higher than 100Rs, even after a bursting of London price bubble, Indian and Indonesian investors will make handsome gains
            Venky (Please read watch a or before posting)

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Aren't you an RE bull ? Thinking that you are an RE bull I addressed it to you.


              Originally posted by Venkytalks View Post
              I dont know why you addressed this article to me.

              Anyway, London trends I had already analysed in my 2013 predictions. London is one of the cities where the global elite are going to live. And this trend which I had highlighted 8 months ago very quickly took center stage.

              Approximately 400,000 Englishmen have moved away from London, selling their London property to global wealthy elite. And are living in the suburbs or peripheries of Southern England in all white towns.

              London itself is a global city where you will meet every nationality except the English.

              This property bubble of London is going to die a quick death as the emerging market currencies take a beating. Those Indians who had the foresight to invest in London property are however going to reap a great harvest because of the returns from depreciation of Rupee versus Pound - as the Pound moved higher than 100Rs, even after a bursting of London price bubble, Indian and Indonesian investors will make handsome gains

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Economy in shambles, jobless engineers turn salesmen, clerks in Andhra Pradesh

                A television set plays the debate on India's economy in Parliament as Vikram attends to customers at a provisions store in Shankarpalli mandal of Medak district in Andhra Pradesh. Scornful of the deliberation far away in India's capital, he sees no hope of things changing for the better.

                Vikram has a reason. The 24-year-old has an engineering degree in Information Technology, and yet is forced to work in the shop after a desperate two-year-long search for a job.

                With the economy in shambles, jobs are hard to come by in Andhra Pradesh. Just 15-20 per cent of the aspirants are landing up jobs in a state with the highest number of engineering colleges in the country.

                For the remaining engineers, job means working as salesmen selling grocery and electronic goods, or working as government clerks or nursery school teachers; anything that comes by as long as you can earn a living.

                "Out of 130 students in our college, just 20 got into IT; that too call centre technical support. They're working for 6000-7000 rupees," says Vikram's former classmate Srinivas.

                Srinivas, relieved at being selected for a government job as stores in-charge, gives a revealing example, "The Medak ordnance factory got more than 80,000 applications - mostly from engineers - for 90 labour posts it advertised recently. The qualification was tenth pass."

                "What a mismatch. Can these people sweep and clean machines?" he asks.

                Economy in shambles, jobless engineers turn salesmen, clerks in Andhra Pradesh | NDTV.com

                >> This year, the placement figs in Pune colleges including the ones like VIT, MIT, SIT etc. are very poor. Even the MBAs were going for walk-in interviews, a thing almost unknown to their alumni. It is no surprise that this year, thousands of seats in Engg & Mgmt were vacant.

                If you all see history of just 4-5 yrs back, the banks common bakra was guy with 2-3 yrs of work experience, whom they used to lent 90-95% amount with loan duration of 20-25 yrs. SBI even went one step further to 30 yrs loan tenure. Now all this will be history. The RE bubble will not only hit investors & buyers/end users who have over-leveraged, but builders themselves who fall to the same trap. Coming elections will mean large scale money pull out from RE, which will lead to even severe probs for builders as this is their last source in place.
                If you are happy, you are successful.

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                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Housing prices dip

                  NEW DELHI: The rising interest rates, liquidity tightening in the banking system and slowing down of economy have badly affected the real estate sector. As the demand for residential real estate has softened, its prices across the markets in India have started showing a declining trend.

                  According to National Housing Bank residential index, the prices have shown a declining trend in 22 out of 26 cities in the April-June 2013 quarter compared to the January-March quarter. Real estate prices have softened in major cities like Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata and Pune.

                  Housing prices dip in Delhi, Mumbai, Bangalore as slowdown takes its toll - The Economic Times
                  If you are happy, you are successful.

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                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Moneycontrol News : Real estate bubble burst now a matter of time: Vallum Cap

                    Full News: http:///15VYzCd

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                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Pune builder goes bankrupt

                      Pratham builders & developers pvt ltd of Pune has gone bankrupt & his property has been attached by Kotak mahindra bank due to defaulting on loan running in few crores. This is the same guy who owns Pratham motors, a authorised dealer of Hero Moto Corp at Wakdewadi. The property attached is at Shivajinagar, Pune. The notice is on link below :-

                      http://epaper.indianexpress.com/c/1603110
                      Last edited by realacres; September 12 2013, 12:07 AM.
                      If you are happy, you are successful.

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