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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

    So do not expect any drastic change in RE as well. It is sad but it is true.

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      "ven a milkman Laloo was able to turn around the mamoth Indian Railways. What academic qualifications did he have? He then became the guest of the best academic institutions across the world!"
      That was a fraud and it has later been proved with railways running into huge losses. Lalu is any time better that smriti irani he was a CM of a state for 10 yrs.

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Originally posted by ykmadaan View Post
        India Inc's fourth-quarter report card keeps getting better as more companies announce results, supporting the bullish market sentiment as a new government takes over in New Delhi. Nearly 1,200 companies have so far unveiled earnings and an analysis by the ET Intelligence Group suggests that aggregate quarterly profits have jumped the highest in at least two years, with operating profit margins at a three-year high.

        The January-March period could well turn out to be a watershed for India Inc. "We are past the worst in terms of quarterly earnings," said Gautam Trivedi, managing director and head of equities, Religare Capital. "In that sense, the March 2014 quarter was a turnaround quarter for India Inc."

        Read more at: Indian cos Q4 earnings best in two years, operating profits at 3 year high - The Economic Times
        Since the NDA Govt has taken charge only yesterday, would you then acribe this to Congress policies and credit them with this? Also the CAD reduction.

        People are getting it wrong. The 2 biggest problems Congress had was the scams that they did nothing about and populist policies that gave away money that they didn't have.

        Corporate ownership of politicians is something that will continue with the NDA as well (where do you think their money comes from; from individual donations like AAP?).

        While NDA may not have the scams like Congress, I cannot see how they are going to feed the vast majority of marginal population which does not even have subsistence income? No magic formula here.

        The 10s of millions of jobs needed to get these people off the dole are not there and probably will not come. NDA will HAVE to return to some form of doling out money to take care of this constituency, without which they will crash just like the Congress before them.

        Continuing Global Economic Crisis (don't mind all the talk of "recovery", which are facets of QE as well as hope in many forms) will supress external demand and domestic demand will also remain dull after initial spike based on election euphoria.

        Maybe I'm slow to realise, but this recent euphoria is barely based on data and mostly based on hope. I fail to see the dots that will connect from here to the 10% GDP growth everyone (internally) is so easily assuming.

        The outsiders (who do not have the advantage of rose-tinted glasses we are wearing) seem to also not be able to detect the dots from here to huge jump in jobs and 10% GDP growth based on policy rework.

        Somehow we seem to believe that the state of the world in 1991 and now are the same. Is it? This alone will determine whether we will be able to repeat 1991+ or reach somewhere else.

        Though Modi is asking for 2-10 years, I suspect he has much less time as desperation levels are quite high. He has perhaps 1 year by which time sentiment will change one way or another.

        cheers

        Comment


        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by vhaldavnekar View Post
          Look at the ministry good for nothing
          Smriti Irani - what is the academic qualification? administration exp?
          Sushma Swaraj - Kya english hai. Joke hai ki one of the most arrogant women has been place in diplomacy.
          Jaitley - he is a lawyer. Lawyers are knowing for lying. He is place in finance. Jo ManMohan/Chiddu nahi kar paye woh yeh lawyer karega.
          Uma Bharti - Cabinet Minister banna hi joke hai
          Aur sab se bada maajak finance and defense to one single guy.

          One should really look at the vajpayee cabinet where we had George Fernandez, Jaswant Singh, Yeshwant Sinha, Pramod Mahajan etc This ministry is nothing in front of that.
          Sirjee you should be happy that third front did not come to power.

          Not sure about George fernandes, he is from nitish kumar's party, was a communist/socialist. I guess he is retired now, is he?

          Yashwant is also into retirement it seems, he did not contest the elections.

          Pramod Mahajan, as you know, is no more.

          >> Jaitley - he is a lawyer. Lawyers are knowing for lying. He is place in finance. Jo ManMohan/Chiddu nahi kar paye woh yeh lawyer karega.

          Chiddu is also a lawyer + mba btw, and one incompetent yet haughty FM. Yashwant sinha was not an economist either.

          Yes, it is not the ideal cabinet though, I agree. Would have liked to see the likes of Shourie, Jaswant, Advani, Joshi, Jethmalani, etc in the cabinet too. Stupid egos of the septuagenarians .. dont older men serve under younger leaders like Obama or Cameron ?

          Comment


          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by Ashok1110 View Post
            Sirji, let the cabinet work for a couple of years and then evaluate the performance, you seem to be giving judgements on the first day itself.

            Baccha aaj hi paida hua aur aap abhi se bol rahe hai, ki yeh life me kuch nahi kar payega

            Lets give them some time to prove themselves
            Ashok.
            @Ashok - vhaldavnekar seems like a loyal UPA or 3rd front supporter and seems pissed by BJP wiping off both coalitions. Nothing will console him for the next 5 years and what happens after that... only time will tell

            Comment


            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by wiseman View Post
              Since the NDA Govt has taken charge only yesterday, would you then acribe this to Congress policies and credit them with this? Also the CAD reduction.

              People are getting it wrong. The 2 biggest problems Congress had was the scams that they did nothing about and populist policies that gave away money that they didn't have.

              Corporate ownership of politicians is something that will continue with the NDA as well (where do you think their money comes from; from individual donations like AAP?).

              While NDA may not have the scams like Congress, I cannot see how they are going to feed the vast majority of marginal population which does not even have subsistence income? No magic formula here.

              The 10s of millions of jobs needed to get these people off the dole are not there and probably will not come. NDA will HAVE to return to some form of doling out money to take care of this constituency, without which they will crash just like the Congress before them.

              Continuing Global Economic Crisis (don't mind all the talk of "recovery", which are facets of QE as well as hope in many forms) will supress external demand and domestic demand will also remain dull after initial spike based on election euphoria.

              Maybe I'm slow to realise, but this recent euphoria is barely based on data and mostly based on hope. I fail to see the dots that will connect from here to the 10% GDP growth everyone (internally) is so easily assuming.

              The outsiders (who do not have the advantage of rose-tinted glasses we are wearing) seem to also not be able to detect the dots from here to huge jump in jobs and 10% GDP growth based on policy rework.

              Somehow we seem to believe that the state of the world in 1991 and now are the same. Is it? This alone will determine whether we will be able to repeat 1991+ or reach somewhere else.

              Though Modi is asking for 2-10 years, I suspect he has much less time as desperation levels are quite high. He has perhaps 1 year by which time sentiment will change one way or another.

              cheers
              I had read a quote a while back - "In India, private sector thrives not because of the govt but in spite of the govt " so it's tough to credit private companies' success to any government

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                So new govt was going to contain RE prices right? what was the logic given by bears? something around 1994-99 or 99-2004 when BJP was last in power prices fell by 50% etc etc.

                Lowering home loan rates top priority: Venkaiah Naidu - The Times of India

                good start to the innings. i am sure builders r panicking right now after reading this news article.

                Comment


                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by herohiralal View Post
                  So new govt was going to contain RE prices right? what was the logic given by bears? something around 1994-99 or 99-2004 when BJP was last in power prices fell by 50% etc etc.

                  Lowering home loan rates top priority: Venkaiah Naidu - The Times of India

                  good start to the innings. i am sure builders r panicking right now after reading this news article.
                  It is all very nice to say, but home loan rates depend most on the RBI rate which is 8% and on which the govt. has no control over. RBI has clearly said, if you reduce inflation to 6% by early 2016, we will start dropping rates. Until then, the rate stays as is. If the bank borrow at 8%, there is NO WAY the rate drops below 10%, our banks need to make some money - the lowest rate I see at the moment is 10.10%. If the BJP controls inflation in 18 months, only then we see rates drop. For the next 18 months, this is not going lower.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    New Govt's priority wrong

                    more appropriate statement from the minister would have been " Lowering home prices our top priority " .

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by jigpun View Post
                      It is all very nice to say, but home loan rates depend most on the RBI rate which is 8% and on which the govt. has no control over. RBI has clearly said, if you reduce inflation to 6% by early 2016, we will start dropping rates. Until then, the rate stays as is. If the bank borrow at 8%, there is NO WAY the rate drops below 10%, our banks need to make some money - the lowest rate I see at the moment is 10.10%. If the BJP controls inflation in 18 months, only then we see rates drop. For the next 18 months, this is not going lower.
                      Govt has complete control over RBI governor and govt has complete control on which sectors to classify as priority sectors and govt has complete control over tax policy and govt has complete control over bailing out banks.

                      Comment

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