Announcement

Collapse
No announcement yet.

Real Estate Predictions for 2009/2010

Collapse
X
Collapse

Real Estate Predictions for 2009/2010

Last updated: February 14 2009
36 | Posts
  • Time
  • Show
Clear All
new posts
  • #21

    #21

    Re : Real Estate Predictions for 2009/2010

    Thanks Wiseman. I would be honored to keep in touch with you.

    I hope Government handles Satyam better than it has handled other events. Satyam damage need to be contained not controlled. That means the guilty need to be punished and set an example of but others (other companies) need to come out clean. It's not government's job to declare them clean but in their self interest to come out clean through audits etc. I know this will be difficult (do you think Satyam was the only one cooking the books)

    I wouldn't necessarily state that we are in better position than China ... simply different position. If government manages to handle economic recovery correctly such as central infrastructure planning, encourage domestic infrastructure building (not unregulated housing), modernize the industry, tax breaks to companies who spend on R&D, improve quality of education (generate business leaders... not coders), digitize the country we will come out much stronger than before.

    India has lot going for it. Savings rate is high, PMs are traditionally revered, had leaders such as Y. Venugopal Reddy (I want to touch your feet sir). Many know Tendulkar & Dhoni... know who is this guy and how he has saved us from financial mess. Send him some flowers. We are in better position because of things I mentioned above plus highest % of fertile land, large sea coast, mineral reserves etc. We have done very well in last 62 years (will write about it some other time) but we have a long way to go. Outlook in next 5 years though... specially for RE... NOT GOOD.

    Comment

    • #22

      #22

      Re : Real Estate Predictions for 2009/2010

      Dont forget Politicians

      I agree that India is good but not the politicians. They have spoiled the country to the Core. There are many step that GOVT should take to save India. But due to the VOTE BANK Indian politicians are not doing so.

      Sab Chor Hai !!!
      Either land or AIR and FOOD. Choice is yours.

      Comment

      • #23

        #23

        Re : Real Estate Predictions for 2009/2010

        Originally posted by arin_12 View Post
        I agree that India is good but not the politicians. They have spoiled the country to the Core. There are many step that GOVT should take to save India. But due to the VOTE BANK Indian politicians are not doing so.

        Sab Chor Hai !!!
        sab chor hai,thats why they will do everything to save RE where their biggest chunk of 'chori'(wealth) is lying.

        the builders holding in RE will be minscule compared to the politicians holdings which would never come for distress sale.
        Dont forget the politicians

        Comment

        • #24

          #24

          Re : Real Estate Predictions for 2009/2010

          Govt., took a political decision through RBI to allow Banks Real Estate NPA assets to restructure, allowing more time to developers to go bankrupt. Today Govt. has decided to infuse nearly Rs 4000 crore in Public Sector Banks to improve their capital situation. More will follow after election. I think, this is just the tip of the iceberg. Expect Banks and Developers to go bust big time.

          Comment

          • #25

            #25

            Re : Real Estate Predictions for 2009/2010

            Originally posted by UscoKumar View Post
            Govt., took a political decision through RBI to allow Banks Real Estate NPA assets to restructure, allowing more time to developers to go bankrupt. Today Govt. has decided to infuse nearly Rs 4000 crore in Public Sector Banks to improve their capital situation. More will follow after election. I think, this is just the tip of the iceberg. Expect Banks and Developers to go bust big time.
            You are 100% correct. As we all knows that the politician and the builders are the 2 opposite side of a same coin. These politicians are trying to give some bail out package/low int rate/fund to the RE sector to keep them alive. You can see the development will be happening only on those area where all the politicians have land nor those place where the people will get benefit.
            Either land or AIR and FOOD. Choice is yours.

            Comment

            • #26

              #26

              Re : Real Estate Predictions for 2009/2010

              Originally posted by arin_12 View Post
              You are 100% correct. As we all knows that the politician and the builders are the 2 opposite side of a same coin. These politicians are trying to give some bail out package/low int rate/fund to the RE sector to keep them alive. You can see the development will be happening only on those area where all the politicians have land nor those place where the people will get benefit.
              correction! politicians have land everywhere.their purpose is just to put their money they are not worried about returns.they even pay a % to benamis to park their funds

              Comment

              • #27

                #27

                Re : Real Estate Predictions for 2009/2010

                tell me guys whom to believe???
                check this out at utvi. all accepted 'experts' with 'fantastic' explanations to back up their predictions .
                still no consensus on prediction. so dont believe these'experts' and their stats.

                all BULLSHIT


                NEW DELHI: The IIP figures are expected to rise by 1.3% in december vs 7.96% (YoY) according to a UTVi poll.

                *Output growth fall in December as firms cut production to clear inventories
                *Expected to remain muted as a sharp decline in demand hit manufacturing and exports
                *Slowdown to be led by weakness in electricity output growth
                *PMI measure of manufacturing activity, fell to a seasonally adjusted 44.4 in December
                *PMI seen fourth successive fall that took it to its lowest level since the survey began in April 2005

                Dec IIP POLL

                Institute of Economic Growth +3.2
                CMIE +2.5
                Crisil +2.0
                ICICI Securities +1.6
                Bank of Baroda +1.5
                IDBI Gilts +1.4
                Indicus Analytics +1.1
                Yes Bank +0.8
                HDFC Bank +0.2
                Nomura -0.3
                Standard Chartered -0.6
                Axis Bank -1.7
                Median +1.3
                Average +1.0
                Highest +3.2
                Lowest -1.7
                Last edited February 12 2009, 10:34 AM.

                Comment

                • #28

                  #28

                  Re : Real Estate Predictions for 2009/2010

                  CHECK THIS OUT.NOT VERY BAD IS IT @http://www.msnbc.msn.com/id/29117073/



                  The IAS360™ summarizes median house price trends and appreciation or depreciation occurring monthly within 360 US counties, 9 US census divisions, 4 US regions and the nation.


                  Learn more about the IAS360 House Price Index:

                  Integrated Asset Services, LLC © 2009 | Privacy Policy
                  Last edited February 12 2009, 07:07 PM.

                  Comment

                  • #29

                    #29

                    Re : Real Estate Predictions for 2009/2010

                    Industrial production is down to -2.0% from previous year of over 8.00% plus. Indian Govt. has exhausted all possible means, to correct unprecedented economical situation. Govt. do not have money. They have already allocated money in their popular programs. Real Estate situation is further worsen current Indian economy.

                    Comment

                    • #30

                      #30

                      Re : Real Estate Predictions for 2009/2010

                      The most respected index today is the Case-Schiller one

                      [quote=abk;12739]CHECK THIS OUT.NOT VERY BAD IS IT @http://www.msnbc.msn.com/id/29117073/

                      Abk,

                      Do you have any idea what 20% fall in median prices across top 10 or 20 cities in US means? It means Trillions of $$$. Which is many times the entire output of India in a whole year today.

                      20% of a person's salary might look small. And maybe you are comprehending this US-wide drop in a similar way. But every 20% is not the same as every other 20%.

                      This is VERY, VERY BAD!!! It is so bad that it has never been badder in the history of the modern world. Please note that the last time around it took the US 25 years to recover back to where they were in 1929.

                      In the case of Japan in 1990, it is still going strong 19 years later. The Japanese Nikkei hit 39000 in 1989. Today it is around 9000 after falling briefly below 8000.

                      To give you a comparison, can you comprehend what it would be like if the Sensex went down to 4800 and stuck around for a long time to come. This was slightly above what it was in 1992 during Harshad's time.

                      Can you even remember the state of this country then? We were on the brink of sovereign default about an year earlier than that.

                      Try and understand. Statistically it may look "not so bad". In reality it is shaping up to be a disaster which will be very very painful to all of us in the longer term going forward.

                      Don't think I'm simply exagerating.

                      cheers

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X