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- Can we get some more info..
If there crash in US is big, it's going to impact the Indian real estate industry as well. If not directly, indirectly..
One of the factors for rise in Indian Real Estate Market is the demand from IT sector. If the crash in US market impacts the economy and the outsourcing to India is negatively impacted, then the answer is no. Else it looks highly unlikely..CommentQuote0Flag
- Originally Posted by EcacophonixAfter many years of hectic growth, there is an obvious slowdown in the US realty and property markets since last year. Some professionals are predicting bloodbath in the segment which could affect the entire US economy...
Now, will it be just the US economy? Many European countries, and also countries such as Australia have been having bullish real estate markets last almost a decade. India has been doing well on the real estate front as well...
Remember what happened to Japan...the country has been having a recessionary real estate market for many many years after a bullish decade in the eighties...
Will the US real estate crash affect the rest of the markets, and especially India? We are already seeing cooling down of prices in key markets such as Mumbai. What do you folks think is going to happen? Will there be a real estate crash in India, or will it be a growth story for more years to come?
Any feedback will be most appreciated
NS @ RealPedia - The Real Estate Directory & Encyclopedia
US real estate crash will nott affect the rest of the markets, however increasing value of the Indian rupee against US dollars will certainly affect the realestate sector .With the rupee growing stronger day by day, non-resident Indians may think twice before buying the properties in the country, since they have to pay more. It is learnt that the share of NRIs, particularly in commercial sector may reduce to a greater extend. The trend in investment is normally in unfinished property, which will affect more putting burden of investment to the developers. The property market has already noticed a 7-8 percent drop in the sales and will continue till the currency stabilises again.
J.K.Patil and associates,Pune/MumbaiCommentQuote0Flag