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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 3 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: MANOJa
On: November 16 2017 09:01 AM
[h=1]Home prices dipped after demonetisation? Data says otherwise[/h] National Housing Bank's Residex, an index on price movements in real estate, shows an increase in prices after demonetisation[URL="https://realty.economictimes.indiatimes.com/author/479242359/satyanarayan-iyer"]Satyanarayan Iyer[/URL] | TNN | November 16, 2017, 07:44 IST PUNE: Data from various agencies show there is no direct link between [URL="https://realty.economictimes.indiatimes.com/tag/demonetisation"]demonetisation[/URL]and movement in [URL="https://realty.economictimes.indiatimes.com/tag/real+estate"]real estate[/URL]prices, laying bare claims that realty prices came down due to the note ban. "After demonetisation, the ticket sizes (total cost of properties) have remained the same. Even when demand dried up, there was no correction and cash was back in deals as soon as comfortable level of remonetisation was achieved," regional head of a research agency said. "People still get a 5-10% discount if they make a heavy payment upfront. But that was always the case and is not an outcome of demonetisation." While government data on property price movement is tardy, research agencies and independent bodies have been mapping price movement across micro markets in cities and across the country year-over-year. Consider this: [URL="https://realty.economictimes.indiatimes.com/tag/national+housing+bank"]National Housing Bank[/URL]'s (NHB) [URL="https://realty.economictimes.indiatimes.com/tag/residex"]Residex[/URL], an index on price movements in real estate, shows an increase in prices after demonetisation. It measures the carpet area price across cities but its sample size is small. Gera Report shows a marginal drop in prices after note ban. However, the report had shown a similar fall in prices 12-months prior to demonetisation. Research agency Knight Frank report shows no change in property prices in the 18-month period between January 2016 to June 2017. And, experts, said there are hardly any chances of prices coming down in the future either. So, where does the problem lie. "The problem is that government officials are still demanding cash for giving clearances to projects," the regional head said. And this is something even developers agree with. "You go to the registration offices to check the free exchange of cash," a developer alleged. Rera impact Soon after demonetisation, implementation of the Real Estate Regulation Act (Rera) meant that developers sharply altered their launch plans. In Pune alone, new unit launches have fallen by 20-30% in the period between January and June 2017. So, even as developers say walk-ins have reduced and conversion times have increased, supply has quickly adjusted to the fall in demand. The worst affected has been the low-income group segment ([URL="https://realty.economictimes.indiatimes.com/tag/home+prices"]home prices[/URL] less than Rs 25-30 lakh) as prices of housing units have increased in this "high-demand" segment, according to the available data. "Even though more builders are venturing into this segment, this is a low-margin and high-volume segment. There is hardly any scope for price corrections here," a developer said. Interest rates The government has claimed that reduced interest rates is one of the other benefits of note ban. While this might be true to an extent as bank deposits did rise and loan rates did come down, available data show the benefits accrued to only a smaller section of the population. As against outstanding housing loan y-o-y growth of 18% last year till September 30, the growth this year has just been 12.8%, RBI data shows. [url]https://realty.economictimes.indiatimes.com/news/residential/home-prices-dipped-after-demonetisation-data-says-otherwise/61666834[/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: ggnhomeowner
On: November 16 2017 12:37 PM
[QUOTE=MANOJa;n2565899][B]Home prices dipped after demonetisation? Data says otherwise[/B] National Housing Bank's Residex, an index on price movements in real estate, shows an increase in prices after demonetisation[URL="https://realty.economictimes.indiatimes.com/author/479242359/satyanarayan-iyer"]Satyanarayan Iyer[/URL] | TNN | November 16, 2017, 07:44 IST PUNE: Data from various agencies show there is no direct link between [URL="https://realty.economictimes.indiatimes.com/tag/demonetisation"]demonetisation[/URL]and movement in [URL="https://realty.economictimes.indiatimes.com/tag/real+estate"]real estate[/URL]prices, laying bare claims that realty prices came down due to the note ban. "After demonetisation, the ticket sizes (total cost of properties) have remained the same. Even when demand dried up, there was no correction and cash was back in deals as soon as comfortable level of remonetisation was achieved," regional head of a research agency said. "People still get a 5-10% discount if they make a heavy payment upfront. But that was always the case and is not an outcome of demonetisation." While government data on property price movement is tardy, research agencies and independent bodies have been mapping price movement across micro markets in cities and across the country year-over-year. Consider this: [URL="https://realty.economictimes.indiatimes.com/tag/national+housing+bank"]National Housing Bank[/URL]'s (NHB) [URL="https://realty.economictimes.indiatimes.com/tag/residex"]Residex[/URL], an index on price movements in real estate, shows an increase in prices after demonetisation. It measures the carpet area price across cities but its sample size is small. Gera Report shows a marginal drop in prices after note ban. However, the report had shown a similar fall in prices 12-months prior to demonetisation. Research agency Knight Frank report shows no change in property prices in the 18-month period between January 2016 to June 2017. And, experts, said there are hardly any chances of prices coming down in the future either. So, where does the problem lie. "The problem is that government officials are still demanding cash for giving clearances to projects," the regional head said. And this is something even developers agree with. "You go to the registration offices to check the free exchange of cash," a developer alleged. Rera impact Soon after demonetisation, implementation of the Real Estate Regulation Act (Rera) meant that developers sharply altered their launch plans. In Pune alone, new unit launches have fallen by 20-30% in the period between January and June 2017. So, even as developers say walk-ins have reduced and conversion times have increased, supply has quickly adjusted to the fall in demand. The worst affected has been the low-income group segment ([URL="https://realty.economictimes.indiatimes.com/tag/home+prices"]home prices[/URL] less than Rs 25-30 lakh) as prices of housing units have increased in this "high-demand" segment, according to the available data. "Even though more builders are venturing into this segment, this is a low-margin and high-volume segment. There is hardly any scope for price corrections here," a developer said. Interest rates The government has claimed that reduced interest rates is one of the other benefits of note ban. While this might be true to an extent as bank deposits did rise and loan rates did come down, available data show the benefits accrued to only a smaller section of the population. As against outstanding housing loan y-o-y growth of 18% last year till September 30, the growth this year has just been 12.8%, RBI data shows. [URL="https://realty.economictimes.indiatimes.com/news/residential/home-prices-dipped-after-demonetisation-data-says-otherwise/61666834"]https://realty.economictimes.indiati...rwise/61666834[/URL] [/QUOTE] Oooops...how did the price rise happen as per NHB Residex, when everyone is claiming that prices only fell. And how did the loan portfolio growth happen if sales have fallen. It only shows that more sales are happening as compared to the previous year, just that it is more of secondary sales.
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: November 17 2017 05:21 AM
[QUOTE=Bharatiya;n2564763][QUOTE=TruthSeeker1;n2564757] russia already defaulted that is why its has low debt and you cite it to prove debt does notmatter.. ? default destroyed Russia... what remains its ruins its in rebuilding phase and high taxes and regulation still persist for its communist past... hence slow to low growth [/QUOTE] Debt did not destroy Russia. Russia destroyed itself due its economic Policies. Experts say it was rapid adoption of Capitalism. After the collapse of Soviet Union, Russian Govt was very eager to adopt "Capitalism". While that's not entirely wrong, they should've done it steadily. Instead the shock therapy destroyed Russian economy. Massive Privatization, Deregulation, shutting of State industry, liberalization of economy, lifting currency controls. It was like giving 10 doses of chemotherapy in single session. As a result, Russian economy failed. Production collapsed. Industry collapsed. Currency collapsed. Russian Ruble was massively devalued and hence they could not make payment on foreign Debt. That is the reason of Russia's default on foreign payments. Dear friend, you have this simplistic notion of blaming everything on Debt/Deficit etc. Real knowledge takes time and understanding and analysis. These simplistic notions of debt/deficit hysteria are just convenient choice to ignore the thorough understanding of underlying reality. And i never said Govt ALONE should invest in Research and Development. Whereas in western countries, Govt is a major driver of R&D, Private sector also contribute in this regard. As i said you are just trapped in ideologies and isms. Many developed countries do not subscribe to any -isms and ideologies. The leadership of many of these countries have become pragmatic. They are interested in action, implementation and results. If a particular economic sector is best served by Private interests, than Private corporations are promoted/supported to participate and run that particular sector. If a Particular sector is best served by Govt, than Govt actively participate and run that sector. Many economic interests are jointly pursued by Govt and private sector.[/QUOTE]For communists, it's always somebody else faults. Why you guys don't accept that after killing 10-20 millions people , destruction of trillions of wealth , communism has failed. Many developed nations you quote are in 20 trillion dollars worth of debt. LOL to you and your fellow communists.
With warm regards,
Team IREF
With warm regards,
Team IREF
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