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Dear ck.kislay,
You are subscribed to the thread "Real Estate Bubble Set to Burst Again in India" by MANOJa, there have been 9 post(s) to this thread, the last poster was humblefool.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: vaibav123
On: July 18 2017 06:26 AM
[QUOTE=TruthSeeker1;n2535357] Just looking at Indian banking crisis... i cant think of any way fiance will take off in the near future... Stock market down turn will severely dent the banks and we might possible see massive layoffs in banking..... when i want into icici bank even the account opening/closing specialist is trying to sell me financial products when i went there to close my NRO account... lol... Banks are not making any money via their traditional business te loaning money as no one seems to be paying it back.. :) now they want to sell garbage for a fee.. ie: They showed me 6 years lock in equity investment product about 6 lakhs per year for 6 years.. for a puny bonus after i stay the full term... they tried to sell it to me like min 15% return product based on market past performance... :) when i tried to explain to them that they are not supposed to sell it like guaranteed product... they started lecturing me about what equity is how rosy our stock market is...etc... idiots Indian banks are in in big big trouble...[/QUOTE] PSU banks are in trouble. Loan waivers been done are the biggest threat to solvency of banks. Farms loans are now being written off/waived next will be education loans-students will say they dd not get jobs and so no way of repayment. We need to change our way of working for things to improve
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: MANOJa
On: July 18 2017 06:49 AM
[h=1]Home launches dip 22%, sales rise by 2% QoQ in June quarter: Report[/h] Home sales, however, increased by 2% to 31,539 units in the April to June period, from 30,920 units sold in the January to March period this year[URL="http://realty.economictimes.indiatimes.com/author/479238876/sanu-sandilya"]Sanu Sandilya[/URL] | ETRealty | July 17, 2017, 13:15 IST NEW DELHI: New home launches across the top eight cities has witnessed a 22% drop to 17,858 units in the June quarter, from 22,762 units launched in the March quarter, as [URL="http://realty.economictimes.indiatimes.com/tag/real+estate"]real estate[/URL]developers focus to clear off existing inventory, according to a report by [URL="http://realty.economictimes.indiatimes.com/tag/propequity"]PropEquity[/URL]. Home sales, however, increased by 2% to 31,539 units in the April to June period, from 30,920 units sold in the January to March period this year. Samir Jasuja, founder and CEO at PropEquity expects supply to stay low for atteast 6-9 months as both real estate regulatory Act ([URL="http://realty.economictimes.indiatimes.com/tag/rera"]RERA[/URL]) and goods and services tax ([URL="http://realty.economictimes.indiatimes.com/tag/gst"]GST[/URL]) will lead to implementation & compliance challenges for developers and also the authorities. "Once GST and RERA are completely implemented, both the policies will provide the much needed transparency to the sector and trust amongst the buyers. These would collectively boost the market. " he said. Prices of homes increased by 1% to Rs 6,287 per sq ft in the June quarter, from Rs 6,205 per sq ft in the previous quarter. "Developers were able to finally sell their earlier inventory and focussed on delivering earlier projects before Real Estate Regulator Act kicked in," Jasuja said. Unsold inventory reduced slightly by 2% to 449,233 units in the June quarter, from 4,62,914 units in the Mach qyarter, due to lower new launches and developers focusing on clearing their existing unsold inventories, according to PropEquity. Cities with significant inventory overhang have seen an improvement in new launches during Q2 2017, according to the report. NCR cities such as Gurgaon and Noida, along with other cities such as Mumbai and Bengaluru exhibit this trend. Southern cities like Hyderabad, Chennai showed dip in new launches irrespective of their inventory overhang. [url]http://realty.economictimes.indiatimes.com/news/residential/home-launches-dip-22-sales-rise-by-2-qoq-in-june-quarter-report/59629779[/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: humblefool
On: July 18 2017 08:57 AM
[QUOTE=sapvin82;n2535406] LOL US is in technical recession and still its stock market at record high. US rt now is facing zombie pension funds, most municipalities in US are bankrupt. So much for stock market reflecting country progress Next crisis blah blah blah..:) hearing same thing for last 7 years. Here is my hypothesis.In next crisis people will become zombies these zombies will eat gold jewelry kept in a locker by the gr8 gold bugs..blah blah blah...LOL[/QUOTE] [FONT=trebuchet ms]Both Pension funds and Social security are about to go bust in the US. Pensions especially. Unions and government employees have abused it so bad that there is barely anything left. > 60% of every tax dollar collected today is going towards paying pensions and benefits. Only matter of time before there will be a total shutdown of these tax payer funded parties.[/FONT]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: ggnhomeowner
On: July 18 2017 10:27 AM
[QUOTE=MANOJa;n2535484][h=1]Home launches dip 22%, sales rise by 2% QoQ in June quarter: Report[/h] Home sales, however, increased by 2% to 31,539 units in the April to June period, from 30,920 units sold in the January to March period this year[URL="http://realty.economictimes.indiatimes.com/author/479238876/sanu-sandilya"]Sanu Sandilya[/URL] | ETRealty | July 17, 2017, 13:15 IST NEW DELHI: New home launches across the top eight cities has witnessed a 22% drop to 17,858 units in the June quarter, from 22,762 units launched in the March quarter, as [URL="http://realty.economictimes.indiatimes.com/tag/real+estate"]real estate[/URL]developers focus to clear off existing inventory, according to a report by [URL="http://realty.economictimes.indiatimes.com/tag/propequity"]PropEquity[/URL]. Home sales, however, increased by 2% to 31,539 units in the April to June period, from 30,920 units sold in the January to March period this year. Samir Jasuja, founder and CEO at PropEquity expects supply to stay low for atteast 6-9 months as both real estate regulatory Act ([URL="http://realty.economictimes.indiatimes.com/tag/rera"]RERA[/URL]) and goods and services tax ([URL="http://realty.economictimes.indiatimes.com/tag/gst"]GST[/URL]) will lead to implementation & compliance challenges for developers and also the authorities. "Once GST and RERA are completely implemented, both the policies will provide the much needed transparency to the sector and trust amongst the buyers. These would collectively boost the market. " he said. Prices of homes increased by 1% to Rs 6,287 per sq ft in the June quarter, from Rs 6,205 per sq ft in the previous quarter. "Developers were able to finally sell their earlier inventory and focussed on delivering earlier projects before Real Estate Regulator Act kicked in," Jasuja said. Unsold inventory reduced slightly by 2% to 449,233 units in the June quarter, from 4,62,914 units in the Mach qyarter, due to lower new launches and developers focusing on clearing their existing unsold inventories, according to PropEquity. Cities with significant inventory overhang have seen an improvement in new launches during Q2 2017, according to the report. NCR cities such as Gurgaon and Noida, along with other cities such as Mumbai and Bengaluru exhibit this trend. Southern cities like Hyderabad, Chennai showed dip in new launches irrespective of their inventory overhang. [url]http://realty.economictimes.indiatimes.com/news/residential/home-launches-dip-22-sales-rise-by-2-qoq-in-june-quarter-report/59629779[/url] [/QUOTE] Wow, this is great. The same useless real estate analyst firm Prop Equity had given out a report a few days back that the sales were falling, and prices are still going down. Now its changed so much. Just goes on to show how pathetic and biased their reports are. Just as well that NHB reports are still there for the people.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: ggnhomeowner
On: July 18 2017 10:36 AM
When I told all the people here that one can make good money, most just didn't want to hear that, since they had lost money earlier. Some did ask in private messages, and they would be laughing too at the rest of the people who were so adamant that money can't be made in real estate in Gurgaon. See the news today. The SPR is opening up. Golf Course & Extension road might stagnate/fall as a result of this. Sohna might stagnate/fall too due to this. There is some upside still for this area. So for the people who are content with 15-20% gains, this area might give those kind of returns. Within Gurgaon though there are places/projects which I expect will give much much higher returns than even this. [url]http://timesofindia.indiatimes.com/city/gurgaon/spr-finally-nears-finish-line-realty-hopes-soar/articleshow/59640158.cms[/url] GURUGRAM: [URL="http://timesofindia.indiatimes.com/topic/Huda"]Huda[/URL] on [URL="http://timesofindia.indiatimes.com/topic/Monday"]Monday[/URL] removed an [URL="http://timesofindia.indiatimes.com/topic/Ambedkar-statue"]Ambedkar statue[/URL] at Badshapur Chowk that was coming in the way of completing the final leg of the long-delayed Southern Peripheral Road ([URL="http://timesofindia.indiatimes.com/topic/SPR"]SPR[/URL]). Once the SPR — planned as an intra-city [URL="http://timesofindia.indiatimes.com/topic/bypass"]bypass[/URL] connecting Gurgaon-Faridabad road near Ghata with [URL="http://timesofindia.indiatimes.com/topic/NH-8"]NH-8[/URL] — is completed, it is expected to reduce traffic pressure on Iffco Chowk, improve connectivity of new sectors and breathe life into around 50 real estate projects being developed along the road. At present, all traffic from Faridabad comes to MG Road before heading towards Iffco Chowk, creating a bottleneck. Once the SPR is complete, it will connect Faridabad to NH-8 via Sohna-Gurgaon road. Besides, it will resolve the connectivity problems of new sectors 58-80 and connect Golf Course Road with NH-8, reducing the traffic load on the Delhi-Gurgaon expressway (NH-8). Construction of almost the entire SPR was completed by March, with only a small stretch left incomplete due to the delay in shifting the statue. The statue was expected to be relocated to an adjacent plot in April itself, but got delayed due to various reasons. The move was crucial for the completion of SPR, as it was coming in the alignment of the road at the point where Sohna road crosses SPR near Badshapur Chowk, as well as the 5km-long elevated highway on Sohna road (also known as Gurgaon-Alwar highway), which stretches between Subhash Chowk and Badshapur village. "With the statue shifted, work on only a small stretch of the road remains. This important infrastructure project will now be completed in no time," said Huda administrator Yashpal Yadav. Once completed, the authorities will seek time from chief minister Manohar Lal Khattar to come down to [URL="http://timesofindia.indiatimes.com/topic/Gurgaon"]Gurgaon[/URL] and inaugurate the SPR. The development has come as a relief for developers. "The removal of this last hurdle will ensure the completion of Southern Peripheral Road is expedited. [URL="http://timesofindia.indiatimes.com/topic/Realty"]Realty[/URL]in sectors 69-79 will get an huge boost as a result. SPR will connect these sectors with Golf Course Road, Faridabad and South Delhi, reducing travel time for office-goers as well. Residential and commercial projects along the SPR are now slated for an enhanced pace of development," said Pankaj Bansal, director, M3M Group. Ravish Kapoor, director, Elan Group, said the opening of SPR will fill a crucial connectivity gap for the new sectors. "Commuters will get relief from traffic jams on Sohna road and MG Road, as now they will be able to reach NH-8 directly from Faridabad and Golf Course Road," he said. Once the road is completed, vehicles coming from Faridabad and Golf Course Road will be able to reach NH-8 near Kherki Daula, bypassing the Delhi-Gurgaon expressway (NH-8) and MG Road. This is also expected to reduce travel time by around 25-30 minutes for people going from Faridabad and Golf Course Road to Manesar.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: sapvin82
On: July 18 2017 10:48 AM
[QUOTE=ggnhomeowner;n2535534] Wow, this is great. The same useless real estate analyst firm Prop Equity had given out a report a few days back that the sales were falling, and prices are still going down. Now its changed so much. Just goes on to show how pathetic and biased their reports are. Just as well that NHB reports are still there for the people. [/QUOTE] :) Bhai invest in RE now kahin der na ho jaaye. Blackstone is coming to indian RE market. Link below. They own atleast half of RE in US that were available after recession. AB BULK deal hoyegi...RE prices will double in next 5 years [url]http://www.livemint.com/Companies/T7JzipMQA1nbT475TmYvhO/Blackstone-in-talks-to-buy-525-million-ILFS-real-estate-fu.html[/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: raabta
On: July 18 2017 12:58 PM
[QUOTE=rohit_warren;n2535340] You are right to some extent Actually what people understand from finance has got bad names because of those insurance agents selling crap insurance . The real finance is not insurance or intraday trading in stock markets - finance is much bigger than what common man thinks it is. 130 crores people living in India the finance sector is poised for big big expansion and so will the other industries IT included - My point is very simple - the foreign business in IT is going to dry up but then there will be even higher growth in domestic IT mostly coming from IT in NON IT companies - but at the cost of salary - Again I am repeating the hay days of fat pay packages are gone - it would more comparable to normal clerical salaries than anything else but there is going to be a positive outcome of that as well - the job security - I see in next decade more secure jobs in IT but at a very low CTC - Finance on the other hand will see same frenzy of affairs as 2003-2006 IT where any tom dick harry will get hired just because he will have some diploma attached to his resume. [/QUOTE] Bro, you dont even know what you are talking about. The fat salary days are here now. The jobs are becoming so exclusive and so demanding, that people having right skillset get fat salaries. IT services is dying, but cybersecurity, blockchain implementors, cloud architects, iot products and apps would rise. There wont be a dearth in jobs in IT products industry for next 5 years. Though middle management -project managers etc would likely get a soft boot. The millennial posers would be asked to re-skill or perish. Average joe doing bugfixing or product support would perish, but same has happened in finance also. Models have been automated. Financial analysts/risk analyst jobs have shrunk.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: TruthSeeker1
On: July 18 2017 04:44 PM
[QUOTE=raabta;n2535662] Bro, you dont even know what you are talking about. The fat salary days are here now. The jobs are becoming so exclusive and so demanding, that people having right skillset get fat salaries. IT services is dying, but cybersecurity, blockchain implementors, cloud architects, iot products and apps would rise. There wont be a dearth in jobs in IT products industry for next 5 years. Though middle management -project managers etc would likely get a soft boot. The millennial posers would be asked to re-skill or perish. Average joe doing bugfixing or product support would perish, but same has happened in finance also. Models have been automated. Financial analysts/risk analyst jobs have shrunk. [/QUOTE] You are right middle level management are going out en-mass.... if you have the latest tech skills you have a job ... If you are like the backbenches looking at the clock all the time and hiding under the radar... you are going out sooner or later.... People who take initiative put up their hand first for work are the ones who will stay.... Rest who were looking for retirement jobs/borrowed loads f money/ up-scaled their life style beyond their means are in for a rude reality... I do private consulting work from India for foreign clients i am able to bill $60-$100 an hour for dev ops/automation work... While the normal dev/QA work billing rate has plummeted or stayed the same for years.. So there will be work for people who can save the company from CTC dead weight... India companies are just now just starting to focus on efficiency over fake inflated billing they were able to get away with for years for sub par resources... But a big crash is IT employment is inevitable before it becomes leaner and efficient.....
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: humblefool
On: July 18 2017 05:12 PM
[QUOTE=TruthSeeker1;n2535770] You are right middle level management are going out en-mass.... if you have the latest tech skills you have a job ... If you are like the backbenches looking at the clock all the time and hiding under the radar... you are going out sooner or later.... People who take initiative put up their hand first for work are the ones who will stay.... Rest who were looking for retirement jobs/borrowed loads f money/ up-scaled their life style beyond their means are in for a rude reality... I do private consulting work from India for foreign clients i am able to bill $60-$100 an hour for dev ops/automation work... While the normal dev/QA work billing rate has plummeted or stayed the same for years.. So there will be work for people who can save the company from CTC dead weight... India companies are just now just starting to focus on efficiency over fake inflated billing they were able to get away with for years for sub par resources... But a big crash is IT employment is inevitable before it becomes leaner and efficient.....[/QUOTE] [FONT=trebuchet ms]Finally somebody on this forum is talking sense. I think the current bad blood elimination is a necessary part of this industry going to a new growth curve. Either way, its game over for most of these guys who never belonged to this industry anyway. Look at how many people are now flocking to the finance industry because they think there is easy money there. Ultimately spread the same poison there until its eventual implosion. This is largely a useless crowd, contributes nothing real and is largely there to wash their hands in flowing water.[/FONT]
With warm regards,
Team IREF
With warm regards,
Team IREF
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