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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 14 post(s) to this thread, the last poster was harshogle.
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: spectre
On: November 10 2017 09:37 AM
So the rot is even worse! Nearly 52% of MahaRERA registered residential stock remains unsold: Report Total of number of under-construction residential units registered under MahaRERA are estimated at 670,339 across 5,620 projects including residential and residential cum commercial projects Read more at :- https://realty.economictimes.indiatimes.com/news/residential/nearly-52-of-maharera-registered-residential-stock-remains-unsold-report/61573550
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: November 10 2017 02:46 PM
[QUOTE=NG2012;n2564177] I agree with you in principle. However, India is still miles away from offering jobs to its teeming millions. Fragmented farming keeps 500 million people busy even if it may not be efficient way to grow food. Imagine that we suddenly have 500 million people looking for jobs and work. Farm subsidies and loan waivers are a small price to pay to keep these 500 millions busy and food production is just a bonus!!! Forget about farmers' emotions, forget about land owners emotions. The reality is that India does not have enough businesses to employ its people. The problem is Indians are hoarders and non-risk takers. So while kids in developed countries were taking risks and starting businesses, Indians were busy accumulating inheritances for their kids by buying plots, lands and gold. Its good that European and American kids aren't deeply into buying lands and gold...as those kids have responsibility to create jobs for kids of Indians. When people of this generation want to save money for their daughters marriage and son's education, I don't see that our next generation will be able to do anything worthwhile. May be I am overly pessimistic...[/QUOTE] no one will take risks in a dysfunctional business environment like the one in our country... You cant run a business of scale with out gov screwing your over with bribes and useless regulations ... Indian entrepreneurship was never lacking its always been the gov, its red tape and corruption that has created massive barriers for people wanting to start a business... Once you start a business you will understand what i am talking about... European countries are not risk takers by accident its a huge debt binge that provided with with cheap capital... they are all set to implode as seen by their unmanageable debt levels... A solid business environment is one that provides freedom for businesses and preservers purchasing power of saver/investors.... A far-cry from that we have currently...with double digit inflation and a wrecked gov...
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: Bharatiya
On: November 10 2017 03:12 PM
[QUOTE=TruthSeeker1;n2564703] European countries are not risk takers by accident its a huge debt binge that provided with with cheap capital... they are all set to implode as seen by their unmanageable debt levels... A solid business environment is one that provides freedom for businesses and preservers purchasing power of saver/investors.... A far-cry from that we have currently...with double digit inflation and a wrecked gov...[/QUOTE] Debt hysteria about national Debts is going on since time immemorial. In 1930s, some people were phobic about national Deficits and Debt rising because of Govt started spending heavily to fight great depression. People feared that there will be hyperinflation and Govt will default. Never happened !!! Now in 21st century, some people still fear about National Debt. Japan has National Debt is 250% of GDP. And this trend has been going along since long time. Yet, they sell their Bonds at near 0% rate. Some people projected that European nations will default in 2010,2012,2014.... Never happened. Italy, Portugal, Ireland etc etc even the weakest Eurozone economies are selling their Bonds at very low interest rates. Where is Debt Apocalypse? But people predicting Debt phobia and Apocalypse don't wanna heed to reality. They just get comfort in believing Debt collapse is around the corner. Why National Debt doesn't collapse? Why there is no Apocalypse? Why do national Debt keeps rising yet Bond yields remain low? We live in a Fiat currency system. The supply of money is not tied to Gold or any physical reserve. The supply of money is elastic. Govt can arbitrarily create any amount of money (printing or electronically) and spend it as Deficit. The figures of Deficit and Debt are just accounting entries. In very crude terms, national Debt can be viewed as money supply. By the way, Govt doesn't even need to sell any Bonds to finance Deficit. As some economists (Randall Wray, Stephanie Kelton etc) have shown through their research that Financing through Bonds and direct money creation without selling any bonds has the same inflationary effect on economy. So practically sale of Bonds is actually a custom/tradition rather than a necessity. Regarding Debt as a whole in world economy. Most of the world runs on Capitalism system. In Capitalism, Debt comes first, actual production comes after debt. First, you raise Capital (through bank credit, IPO, Stock sale etc etc) and you invest in Business. After that when Business starts performing, there is production/growth etc. The reason why there is so much Debt in economy is because of inherent Capitalistic nature and Fiat currency system of our economy. Debt in itself is harmless. What are the real problems in economies? Real problems are poverty, illiteracy, lack of Infrastructure/industry, falling standard of living, unemployment, social backwardness, quality of Labor force, Corruption etc. The digits of Deficit/Debt are not real source of problems.
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: November 10 2017 03:21 PM
[QUOTE=Bharatiya;n2564712] Why National Debt doesn't collapse? Why there is no Apocalypse? Why do national Debt keeps rising yet Bond yields remain low? [/QUOTE] Its a easy concept to understand. Why is there no Apocalypse. Because the world values continuity immensely. When people tell there is X crash and Y crash, I generally tell them one thing, what do you think will happen the next day when sun rises? People wake up and wish to have a normal life, of course.
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: Bharatiya
On: November 10 2017 03:22 PM
[QUOTE=TruthSeeker1;n2564703] A solid business environment is one that provides freedom for businesses and preservers purchasing power of saver/investors.... A far-cry from that we have currently...with double digit inflation and a wrecked gov...[/QUOTE] There is no inflation problems in European countries. Many are in Deflation. Inflation in developed countries is non existent. Inflation is actually a problem for 3rd world countries like us because of lack of industry/Infrastructure, lack of skilled labor force, lack of production, bad regulations, corruption in all areas of economy etc. Why inflation is not a problem in developed countries even when their National Debt is much higher that many 3rd countries including India? If National Debt was the source of Inflation that Germany, France, Netherlands, USA etc would have moderate/high inflation. And Japan would have had hyperinflation (their Debt is 250% of GDP) !!! But that is not the case. And theoretically low Debt countries like Russia (Debt only 30% of GDP) would have no inflation problem at all. Yet Russia has moderate inflation 4%. And what about Venezuela? its national Debt is only 28% of GDP but they have 800% inflation !!!
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: Bharatiya
On: November 10 2017 03:30 PM
[QUOTE=humblefool;n2564715] Its a easy concept to understand. Why is there no Apocalypse. Because the world values continuity immensely. When people tell there is X crash and Y crash, I generally tell them one thing, what do you think will happen the next day when sun rises? People wake up and wish to have a normal life, of course.[/QUOTE] The currency and economic system has evolved naturally. The present system despite many flaws has solid foundations. Earlier in Gold Standard days when currency supply was highly inelastic, countries had very hard time to drive growth cycles, tackle recessions and other economic slowdowns. Now with currency supply inelastic, the growth of economy has UNBOUND potential. Key word is Potential. Risks and failures are still very much there. For e.g if your Business model is bad, you will fail. But the Bank would not deny you loan to your business just because Bank doesn't have Physical Gold in its reserves. Similarly Govt won't need physical gold to build Infrastructure, Schools, Colleges, Hospitals etc. Also trade has become more simpler in Fiat currency system and free floating Forex market. The days of Gold Standard were a nightmare for 3rd world economies.
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: November 10 2017 04:50 PM
[QUOTE=Bharatiya;n2564712] Debt hysteria about national Debts is going on since time immemorial. In 1930s, some people were phobic about national Deficits and Debt rising because of Govt started spending heavily to fight great depression. People feared that there will be hyperinflation and Govt will default. Never happened !!! Now in 21st century, some people still fear about National Debt. Japan has National Debt is 250% of GDP. And this trend has been going along since long time. Yet, they sell their Bonds at near 0% rate. Some people projected that European nations will default in 2010,2012,2014.... Never happened. Italy, Portugal, Ireland etc etc even the weakest Eurozone economies are selling their Bonds at very low interest rates. Where is Debt Apocalypse? But people predicting Debt phobia and Apocalypse don't wanna heed to reality. They just get comfort in believing Debt collapse is around the corner. Why National Debt doesn't collapse? Why there is no Apocalypse? Why do national Debt keeps rising yet Bond yields remain low? We live in a Fiat currency system. The supply of money is not tied to Gold or any physical reserve. The supply of money is elastic. Govt can arbitrarily create any amount of money (printing or electronically) and spend it as Deficit. The figures of Deficit and Debt are just accounting entries. In very crude terms, national Debt can be viewed as money supply. By the way, Govt doesn't even need to sell any Bonds to finance Deficit. As some economists (Randall Wray, Stephanie Kelton etc) have shown through their research that Financing through Bonds and direct money creation without selling any bonds has the same inflationary effect on economy. So practically sale of Bonds is actually a custom/tradition rather than a necessity. Regarding Debt as a whole in world economy. Most of the world runs on Capitalism system. In Capitalism, Debt comes first, actual production comes after debt. First, you raise Capital (through bank credit, IPO, Stock sale etc etc) and you invest in Business. After that when Business starts performing, there is production/growth etc. The reason why there is so much Debt in economy is because of inherent Capitalistic nature and Fiat currency system of our economy. Debt in itself is harmless. What are the real problems in economies? Real problems are poverty, illiteracy, lack of Infrastructure/industry, falling standard of living, unemployment, social backwardness, quality of Labor force, Corruption etc. The digits of Deficit/Debt are not real source of problems.[/QUOTE] "Why National Debt doesn't collapse? Why there is no Apocalypse? Why do national Debt keeps rising yet Bond yields remain low?" why does a smoker does not die even after he smokes 5 packs a day for 5 years.... ? the timing is the only question not the outcome... economic cycle takes long time to turn... given the short term nature of human memory and the lack of recognition of subtle degradation makes us blind towards the social destruction that comes due to high debt.... after high debt come high taxes ..high takes lead to slower growth... and slower growth leads to joblessness , civil unrest etc the implosion every one talks about is not some apocalyptic "the end" event, its the slow and steady implosion of standard of living... example is greece,argentina and many others... countries can stay afloat a high debt for decades that does not mean the outcome will be any different... the price is paid by the bottom of the food chain whose standard of living is consistently being eroded over time... 30% of us population lives on gov dole now and its increase every year , let that sink in for a minute.... can this go on forever ? .. absolutely not what happened to Detroit after a out of control gov spending binge burnt though all the wealth created by the automobile hum of the past? bankruptcy , crime, stagnation, people fleeing.... this will happen across us .... peurto rico being the most recent current example... And majority of world is not running on capitalism its on pure socialism /command mode for many years now... its blowing though all the growth that was accumulated when it had capitalism... as they say socialism needs lots of capital to get started... in most of Europe gov is now bigger than private enterprise.... that is not capitalism by any stretch of imagination... No one can say japan is doing great when their population cant even afford to reproduce give that reproduction is the purpose of life... While japan has high debt its largely internal and they have huge assets across the world from their heydays that is what has got their shit show going for so long... Most of europe is not in that position... Their lame attempts like Euro only show the desperation as the sun sets on the western economic hegemony...
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: November 10 2017 05:12 PM
[QUOTE=Bharatiya;n2564718] The currency and economic system has evolved naturally. The present system despite many flaws has solid foundations. Earlier in Gold Standard days when currency supply was highly inelastic, countries had very hard time to drive growth cycles, tackle recessions and other economic slowdowns. Now with currency supply inelastic, the growth of economy has UNBOUND potential. Key word is Potential. Risks and failures are still very much there. For e.g if your Business model is bad, you will fail. But the Bank would not deny you loan to your business just because Bank doesn't have Physical Gold in its reserves. Similarly Govt won't need physical gold to build Infrastructure, Schools, Colleges, Hospitals etc. Also trade has become more simpler in Fiat currency system and free floating Forex market. The days of Gold Standard were a nightmare for 3rd world economies.[/QUOTE] money out of thin air does not work , Zimbabwe tried it with full faith in the theory of the Keynesians.... japan has been trying it for 2 decades now and has seen no real growth at all.... its like injecting anaesthesia to a corpse to make it stand again... money not backed by savings is not money .... capital must be creates by savings not by some stupid banks fictitious numbers on a computer... and when i say DEBT i mean both public and private debt not just gov debt... to understand the true picture you need to look at the private debt (citizens /corporations).... Higher the debt lesser the the ability to grow...
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: Bharatiya
On: November 10 2017 05:38 PM
[QUOTE=TruthSeeker1;n2564749] money out of thin air does not work , Zimbabwe tried it with full faith in the theory of the Keynesians.... japan has been trying it for 2 decades now and has seen no real growth at all.... its like injecting anaesthesia to a corpse to make it stand again... money not backed by savings is not money .... capital must be creates by savings not by some stupid banks fictitious numbers on a computer... and when i say DEBT i mean both public and private debt not just gov debt... to understand the true picture you need to look at the private debt (citizens /corporations).... Higher the debt lesser the the ability to grow...[/QUOTE] Boy do i look to shatter myths. Every time Debt phobics are confronted, they point to Zimbabwe. But if you read my earlier post, i have mentioned that real problems in economy are corruption, lack of Production/Infrastructure, backwardness, poor quality of Labor force etc. And that's the problem with Zimbabwe and many African/3rd world countries. Corruption is high, quality of labor force is very bad (very few skilled labors), non existent modern industry and hence very low production, social backwardness etc. That is the reason behind failures of Zimbabwe economy. Japan is a modern industrial nation. High quality, highly educated, highly skilled Labor force. Among the best Infrastructure in the world. Very low corruption. That is why their economy is light years ahead of Zimbabwe or other 3rd world countries. Why Japan has low growth? Because they have largely achieved their conventional growth parameters. Their Infrastructure and Industry has already matured and well built. Their economic output gap is very narrow. Now countries like Japan, Germany etc are in a phase of economic transformation. New measures of growth are not well reflected in growth pattern immediately. These countries are investing heavily in Research and development. Further skill development of labor force & education. Investing heavily in sectors like Biomedical research, semi-conductors, Biotech, IT, Automation, Robotics, Applied Sciences etc etc. These things will carry these nations well into 21st century. Meanwhile our foolish leaders are busy talking about "w orld's fastest growing economy" tag and high GDP figures. All these fake figures and GDP growth are worthless. We are light years behind developed countries. By the way, higher the Debt, lesser the ability to grow is a MYTH propagated by some crackpot economists. US on many occasions has reached high debt levels still managing decent growth rates. And not just figurative growth rates. But actual development of nation. In terms of Infrastructure, standard of living, scientific and technological progress etc. By the way countries like Venezuela and Russia which has lowest national debt are surprisingly the MOST taxed, least productive and most oppressive countries. Russia has low national debt, high natural resources, largest country in world by land mass and cheap energy supply. But still their economy is far below any European country. Why? Because of lack of skilled labor force, lack of industry/Infrastructure, high corruption etc . By the way, i think you are smarter than Mr Modi. Why you measure growth just by GDP numbers (which i think have no credibility today)? Compare the standard of living in India to developed countries. Even after slowdown in developing economies, we are nowhere near them. Edit - I agree that high PERSONAL debt is deterrent to growth of person. A person doesn't have the power to print/create its own currency. That is the key difference between national Govt and Private business.
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: Bharatiya
On: November 10 2017 05:51 PM
[QUOTE=TruthSeeker1;n2564743] 30% of us population lives on gov dole now and its increase every year , let that sink in for a minute.... can this go on forever ? .. absolutely not [B]what happened to Detroit after a out of control gov spending[/B] binge burnt though all the wealth created by the automobile hum of the past? bankruptcy , crime, stagnation, people fleeing.... this will happen across us .... peurto rico being the most recent current example... [/QUOTE] Another MYTH. Fall of rust Belt of America (Detroit, etc) has absolutely nothing to do with high Govt spending. [URL]https://en.wikipedia.org/wiki/Rust_Belt[/URL] Rust Belt in America used to be Industrial hub. Most of the US steel and Automobile industry was there. But as European and Asian industrial sectors became more competitive, industries in rust belt could not sustain themselves. On top of that US signed FTAs with Canada and Mexico so a lot of industry migrated there due to variety of reasons. Blindly unregulated Free Trade, lack of protective measures/planning and lack of vision destroyed the Rust Belt in America. It has nothing to do with Govt spending. Edit - You are trapped in simplistic notions of -isms and ideologies. World doesn't work that way. Countries choose policies based on PRAGMATISM. No country in world is rigidly committed to any particular -ism or ideology in present age. Maybe a crazy country like North Korea is. But rest of the world choose good things from various models. Socialism has many good things. Capitalism has many good things. Most countries in the world have mixed economic model and learning from mistakes of the past. [ATTACH=CONFIG]n2564755[/ATTACH]
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: November 10 2017 06:30 PM
[QUOTE=Bharatiya;n2564753] Boy do i look to shatter myths. Every time Debt phobics are confronted, they point to Zimbabwe. But if you read my earlier post, i have mentioned that real problems in economy are corruption, lack of Production/Infrastructure, backwardness, poor quality of Labor force etc. And that's the problem with Zimbabwe and many African/3rd world countries. Corruption is high, quality of labor force is very bad (very few skilled labors), non existent modern industry and hence very low production, social backwardness etc. That is the reason behind failures of Zimbabwe economy. Japan is a modern industrial nation. High quality, highly educated, highly skilled Labor force. Among the best Infrastructure in the world. Very low corruption. That is why their economy is light years ahead of Zimbabwe or other 3rd world countries. Why Japan has low growth? Because they have largely achieved their conventional growth parameters. Their Infrastructure and Industry has already matured and well built. Their economic output gap is very narrow. Now countries like Japan, Germany etc are in a phase of economic transformation. New measures of growth are not well reflected in growth pattern immediately. These countries are investing heavily in Research and development. Further skill development of labor force & education. Investing heavily in sectors like Biomedical research, semi-conductors, Biotech, IT, Automation, Robotics, Applied Sciences etc etc. These things will carry these nations well into 21st century. Meanwhile our foolish leaders are busy talking about "w orld's fastest growing economy" tag and high GDP figures. All these fake figures and GDP growth are worthless. We are light years behind developed countries. By the way, higher the Debt, lesser the ability to grow is a MYTH propagated by some crackpot economists. US on many occasions has reached high debt levels still managing decent growth rates. And not just figurative growth rates. But actual development of nation. In terms of Infrastructure, standard of living, scientific and technological progress etc. By the way countries like Venezuela and Russia which has lowest national debt are surprisingly the MOST taxed, least productive and most oppressive countries. Russia has low national debt, high natural resources, largest country in world by land mass and cheap energy supply. But still their economy is far below any European country. Why? Because of lack of skilled labor force, lack of industry/Infrastructure, high corruption etc . By the way, i think you are smarter than Mr Modi. Why you measure growth just by GDP numbers (which i think have no credibility today)? Compare the standard of living in India to developed countries. Even after slowdown in developing economies, we are nowhere near them. Edit - I agree that high PERSONAL debt is deterrent to growth of person. A person doesn't have the power to print/create its own currency. That is the key difference between national Govt and Private business.[/QUOTE] 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 and High corruption is is symptom of big gov .... you don't magically remove corruption from gov with some stupid laws... trillion dollar bailout to private banks/ corporations that happened in USA...is not corruption... ? loan waiver to citizens by gov to get their votes is not corruption , free gov food is not corruption ? so gov corrupts... redistribution is itself corrupting... [B]Further skill development of labor force & education. Investing heavily in sectors like Biomedical research, semi-conductors, Biotech, IT, Automation, Robotics, Applied Sciences etc etc. These things will carry these nations well into 21st century. Meanwhile our foolish leaders are busy talking about "world's fastest growing economy" tag and high GDP figures. All these fake figures and GDP growth are worthless. We are light years behind developed countries.[/B] so you want more gov spending and more taxes so gov can provide skills. do research... ? as if all the current wastage is not enough ? any investment has to come from private savings and investments.... gov is just there to screw everything up... any way its a pointless debate that has been beaten to death here... lets move on... we will get to know the answers in our life times...
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: Bharatiya
On: November 10 2017 06:56 PM
[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.
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: Bharatiya
On: November 10 2017 10:13 PM
As much as 70000 people (labors, farmers, students, civil society, Union people etc) are protesting in Delhi against Disastrous economic Policies (GST, Demonetization etc) of Govt. No mainstream media is showing the protests. [URL="https://newsclick.in/historic-protest-workers-starts-delhi"]https://newsclick.in/historic-protes...s-starts-delhi[/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: harshogle
On: November 10 2017 11:41 PM
[QUOTE=Bharatiya;n2564785]As much as 70000 people (labors, farmers, students, civil society, Union people etc) are protesting in Delhi against Disastrous economic Policies (GST, Demonetization etc) of Govt. No mainstream media is showing the protests. [URL="https://newsclick.in/historic-protest-workers-starts-delhi"]https://newsclick.in/historic-protes...s-starts-delhi[/URL][/QUOTE] What a joke. So, some people giving Dharna sponsored by left party labour union CITU is Aam Junta. Lol
With warm regards,
Team IREF
With warm regards,
Team IREF
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