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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 1 post(s) to this thread, the last poster was sapvin82.
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: sapvin82
On: September 11 2017 01:01 AM
[QUOTE=ggnhomeowner;n2551173][QUOTE=sapvin82;n2550653]DEmo. is a failure for you but it is a success story for common man 57 lakhs new tax payers Many shell companies found and purged Fake currency racket busted Now Indian currencies are printed in India unlike before where almost all 500,1000 rupees currencies were printed outside. Biggest of all It killed STAGFLATION. Have you seen INR rising against all majot world currencies Indian Bonds are very high in demand meaning that confidence is goverment from overseas investors are increasing. It will also slowly kill Gold as people are now moving to digital curencies. digital economy. [/QUOTE] The gold imports have been on a high. There was no need for Demonestisation to weed out the shell companies or increase the tax payers. It could have been done without it. Just a big jhumla, and as per the previous RBI governor as well, the associated costs are higher than the benefits economically/financially even over a longer term. With GST coming in, the tax base was going to widen anyways. And now as a lot of home buyers are finding out that the prices of the homes in many projects have increased overall post GST. Nevermind the marketing blitz by various developers quoting zero GST on ready to move property, they increased the overall rates anyways beforehand, so just matching the earlier rates with taxes that were prevalent. [/QUOTE]Gold import has been high but it will come down as gold has seen negative returns since last 5 years. GDP is going to zoom from here. just wait for few months. RE will never crash in India as there is no bubble. DEmonetization killed stagflation that india was seeing for last 7 years. Raghuram Rajan is a joker and was a failure as he took no action under his rein to resolve NPA problems.
With warm regards,
Team IREF
With warm regards,
Team IREF
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