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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

    Shocking :-(

    Baruch - what is shocking in this. This everyone knows whoever is related to finance domain. Kaunsi badi baat hai yeh. Even the major market trends and commodity manipulation is decided in evening parties by people concerned with the finance ministries. Results related to major banking decision and Government decisions and opinions are leaked. People already take a position and mint money like dirt.[Only a selected few]. There are also news that various mnc investment firms take a sneek peek at the positions the people are holding. They move the market till the stop loss and the leave the commidity to flow in normal trend in evening time. Who shows them these positions. Also most of the government coffers are looted by people like 'clock wala' baba. Who do not own a four wheeler. Next target will be PF, PPF, LIC and moeny in post is what I feel.

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      compuwalah Bhai

      Bhai Compuwallah - you should be on the other side of the fence if corrupt people were not there and black money was non-existant how would you have reaped the benefit of this so call property appreciation. Rather you should take a photo and show a agarbatti daily to 'bobada saheb' it is sheer hardwork of people like those that the bulls in this forum had a good run with their money.

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Originally posted by NCRTalk View Post
        Realacres Bhai - What is your take on Pune RE rates before and after Loksabha election 2014.

        Do you see a rates fall (long overdue) in below scenarios -

        1. case of a weak goverment in centre like third front one

        2. Builders in need of money by selling flats to meet election expenses
        Sorry for delayed response man, came back to Pune today only.
        See speculative markets in India :- MMR, Pune & NCR. The first 2 are driven by 'Clock' while last one is driven by 'Panja'. Historically, whenever Congis are in power, RE goes up for the simple reason RE is the favourite place for Congis to park their ill-gotten wealth. Junk Vadra is classic eg. of it, earn crores without single rupee investment.

        Congis out not only from Centre but from state will be good, not just for RE but overall quality of life in the state, including industries & agri.
        Something like 3rd front Govt would put India on wheelchair, handicapped & powerless.
        RE is minor stuff man, entire FIIs & investments in India will run out. Even if Congis come back to power, India will loose its charm (whatever is left now), 3rd front would put India at par with African countries. The US Aviation agency, FAA has downgraded India & India is in league with African grade countries.



        As far as builders are concerned, no matter what, they will have to sell flats as money is needed more before elections. Estimates suggests that atleast 15,000 Cr will be pulled out from RE from Pune-Mumbai belt before elections.

        Btw, Pune airport is now looking much better man. Earlier it looked typical IAF airport, now some civilian look is visible & I must appreciate the efforts put up by ground handling staff, they manage a flight for every 7 mins now !!
        Anyone here saw Mumbai T2 ? Heard lot of praise about it. Want to compare it with IGI T3 (this my current fav in India).

        Originally posted by ashish18 View Post
        Govt or no govt. Good or bad economy - RE is dead simply because it has become unaffordable, unrealistic and gone into the hands of crooks. Most of the genuine buyers have even stopped looking at brochures. Till then investors can keep flipping, looking at buying, whatever they want. But buyers are not going to come to this market for next many years.
        +10000
        And add to it that RETAIL INVESTORS have moved out of RE.
        To simply put, earlier one would find RE brokers no. on tree, paan-tapri, photocopy/XEROX shop etc. now it's gone.
        1 local ex-RE agent has joined his brother to look after their laundry shop. Just shows the real situation on ground.
        If you are happy, you are successful.

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        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Baruch, wiseman,
          +1 to what you have posted.
          This bank stuff is there for long, look what happened to Rupee bank or many other co-operative banks which went burst due to 'Bobada' & dada. And where this money went ? In RE & building some 5* hotels in Pune, some are owned by major city builders.
          People lost their deposits, & these animals made merry with that money.

          Originally posted by vhaldavnekar View Post
          Bhai Compuwallah - you should be on the other side of the fence if corrupt people were not there and black money was non-existant how would you have reaped the benefit of this so call property appreciation. Rather you should take a photo and show a agarbatti daily to 'bobada saheb' it is sheer hardwork of people like those that the bulls in this forum had a good run with their money.
          +1000.
          And couldn't stop laughing with agarbatti to 'Bobada' . True indeed.
          If you are happy, you are successful.

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Perfect analysis, realacres !

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Bloodbath at IBM India

              2,000 may lose job in country, 13,000 layoffs worldwide.

              In what may turn out to be the biggest-ever layoff drive among global biggies, IBM is believed to have started cutting jobs globally on Wednesday, with first casualties said to be in India.

              Poor fourth-quarter results reported last month, marked by a 26% slump in hardware revenue, is suspected to be the main cause of layoffs. Worldwide, IBM employs 4.3 lakh people and reports say some 13,000 jobs are likely to be cut as the tech major performs a “global rebalancing” act, termed “resource action” or RA, that could save about $1 billion in costs.

              WralTechWire (WTW), a tech-related website, quoted IBM staffers in Bangalore as saying that “people broke down after seeing the inhuman treatment. Laptops along with the cases were confiscated, so several employees were seen crying and exiting building carrying and balancing their personal belongings with their two hands”. Unofficial estimates put the sacking number at around 1,000 in Bangalore alone.

              IBM did not confirm the layoff and did not reply to emails from dna till late on Wednesday night. But sources confirmed that hundreds of IBM staffers at its Bangalore office were asked to leave suddenly. Some of them, it is said, were given just a couple of hours notice and asked to leave behind their laptops and vacate the premises pronto.

              Talk among recruitment experts is that IBM may be targeting up to 2,000 job cuts in India where it employs 1.3 lakh in all. The worst affected could be the Systems Technology Group where 25% of the hardware division, or a few hundreds of employees, are expected to be axed, following the decision to sell its global low-end x86 server business to Lenovo for $2.3 billion, also entailing transfer of some 7,000 IBM staff to Lenovo.

              “That is a guesstimate since layoffs happen over a period of months. Job cuts will be less in India than elsewhere since manpower costs here are low,” said an HR expert in Bangalore. In India, Bangalore is a key centre for IBM with major office blocks in Manyata Embassy Business Park in Hebbal and Embassy Golf Links near Domlur.

              An HR expert said any jobs cuts at IBM would not be “surprising since MNCs have a history of laying off workers”.

              Kris Lakshmikanth, co-founder of Bangalore-based search firm HeadHunters India, said any layoffs would not happen overnight but gradually. “Firms such as IBM are also not giving any salary hikes this time.”

              Globally, other tech firms like Intel and Texas Instruments are reported to be laying off 5,000 and 1, 100 employees respectively. Even in India, there is speculation that iconic IT firms may well lay off up to 2,500 staff each during the January-March quarter.

              Another source told WRW website: “IBM India’s STG is doing ‘RA’ and it is very deep and numbers are huge. It’s a slaughter.” Yet another source told WRW: “RAs expected to last till Friday.”

              Bloodbath at IBM India | Latest News & Updates at DNAIndia.com
              If you are happy, you are successful.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by vhaldavnekar View Post
                Bhai Compuwallah - you should be on the other side of the fence if corrupt people were not there and black money was non-existant how would you have reaped the benefit of this so call property appreciation. Rather you should take a photo and show a agarbatti daily to 'bobada saheb' it is sheer hardwork of people like those that the bulls in this forum had a good run with their money.
                Wish you kept your flawed thinking to yourself
                Why do you think that I made profit by investing in properties ?

                Few things. The property market is up because there is a basic demand. Not because some "not so good" person manipulating the market. If the basic demand itself is not there, no amount of crook persons can jack up the prices. Even if they managed it, they won't be able to keep up prices for so long and across India. There are always reason behind every price rise. Gold price rise was caused because of panic, which caused demand, which cause price rise. Though the panic has gone but it left the Gold prices at higher level. Prop price rise was due to basic need, people having more income and ready to pay higher price, resulting in increased demand. This however has reated a new baseline for prices which will be sustained unless some big negetive event take place.

                BTW your dream of investors panicing , running helter skelter, selling prop at low prices shows following
                You are frustrated with price rise overall (this is shared by many people, no surpises there)
                You are motivated by hate towards builders (again this is common trend)
                You are motivated by hate towards investors who made profit and hold them partially responsible for the price rise and count them in same line as crooks.

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                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  many skeletons in the closet :-(

                  ==========

                  Is bad loan menace at United Bank of India a cover-up after serious lapses? - The Economic Times

                  Is the bad loan menance at United Bank of IndiaBSE -1.60 % a cover-up by the bank's management after serious lapses? Sources close to the development say, the report prepared by RBI-appointed forensic audit firm Deloitte suggests serious lapses on the credit appraisal and automated NPA detection system of the bank. Sources also say that the report suggests that NPAs were not being detected for past two and half to three years.


                  A senior banker in the know says, "the automated system that detects NPAs was found switched off, whether it was intentional or by mistake remains a big question." The Reserve Bank of India had appointed Deloitte to conduct a forensic audit on the bank.


                  UBI posted a net loss of 1238 crore rupees in Q3 compared with 42 cr net profit a year ago. Serious questions have also been raised on the bank's capital position. The bank's tier 1 capital has fallen to 5.6% as of Dec, 2013, which is below the minimum capital ratio stipulated by the RBI

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                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    and what is the hurry to save these firms ? Why cant GOI allow few banks to fail ?

                    It will at least tell AAP minded fools that we are better off if private sector does the business and Gov does the governance

                    United Bank of India may get capital injection from govt - Livemint

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                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Reduced income opportunities rather than inflation is what is really behind people spending less
                      That the ongoing economic slowdown has its roots in a collapse of investments is well established now. The best indicator of this is production of capital goods, which has registered a negative year-on-year growth in 23 of the 30 months between July 2011 and December 2013. But no less striking is the way consumption has been affected. The index of industrial production (IIP) figures for December reveals a negative growth in consumer durables — TVs, mobiles, cars, bikes, fans, ACs, refrigerators, ceramic tiles and carpets — for the thirteenth successive month in a row. The IIP numbers show a weakening of consumer durables output growth taking place from July 2012. Since the average growth for consumer non-durables from July 2012 to December 2013 also works out to just 4.7 per cent, we can conclude that the overall slowdown in consumption spending is more than one-and-a-half years old.

                      The most obvious cause of weak consumption is inflation, which undermines the ability of people to save and consume. National income statistics bear this out: household savings, both financial and in physical assets, have fallen from 25.2 to 21.9 per cent of GDP between 2009-10 and 2012-13. Once savings are eroded in the face of persistent inflation, the effects are bound to be felt on consumption. Within consumption goods, durables are the immediate casualty because in many cases their purchases can be put off — which is not so with toilet soaps or cooking oil, where the only option is to go for cheaper brands. The story of the last three years or so largely fits this pattern. If inflation is indeed the main villain, then it may appear on the face of it that the main task is to fix it in order to get people to consume and save more and, in turn, pave the way for growth.

                      What this argument ignores, however, is the link between collapse of investments and slowing consumption via drying up of job and employment opportunities. Data for the companies constituting the NSE’s broad-based CNX-500 index shows employee expenses registering over 17 per cent growth in the last four quarters. This, along with increasing rural wages in real terms, does not suggest that inflation is eating into incomes to the extent that is commonly presumed. Instead, it is incomes themselves that seem to be under threat as a result of less jobs being generated from a drying up of investments. The crisis today is really about firms experiencing a shrinking of margins due to the increased outgo on wages, interest and fuel, on the one hand, and poor demand conditions, on the other. Many of them have responded by cutting down on hiring and putting off capacity augmentations. With job opportunities shrinking, so has consumer spending as well.

                      (This article was published in the Business Line print edition dated February 14, 2014)

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