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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 8 post(s) to this thread, the last poster was MANOJa.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
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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 7 2017 12:12 PM
China became an industrial power house of world. It had massive Infrastructure & industrial development. Pollution was one of the undesirable effect of massive development of China. Regardless, Chinese Govt is now taking significant steps to tame Air Pollution. Here in India, we had almost zero development in comparison to China but still our cities have become more Polluted than China. Nowadays we do odd even car ban & cracker ban hoping that we can control pollution.
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 7 2017 12:39 PM
[QUOTE=Bharatiya;n2564115]China became an industrial power house of world. It had massive Infrastructure & industrial development. Pollution was one of the undesirable effect of massive development of China. Regardless, Chinese Govt is now taking significant steps to tame Air Pollution. Here in India, we had almost zero development in comparison to China but still our cities have become more Polluted than China. Nowadays we do odd even car ban & cracker ban hoping that we can control pollution.[/QUOTE] In India people developed individually, not the country. Its the opposite in China. India can still catch up if it wants. But look at this. For the price for one year of farmer loan waiver/waive-off you can build a few urban metro transit projects every year. And we have loan waivers every years. By this very money by now we should have had a few thousands of kilometers of urban metro infrastructure. So the thing is money is here, its just going to benefit people individually. There are plenty of farmers who are benefitting enormously from these schemes, just take loan every year, don't pay. Other money goes in myriad other social spending schemes. Of course if you use all this money, put a aggressive development plan place and make it happen. You can get the US style freeway and subway infrastructure in a few decades, but like I said, people here prefer individual profit above national development. On top of this you have a bulk of your citizen base in small business and trade, plus doctor and lawyer types who make crazy profits and don't pay a dime in income taxes. Personally people are getting rich, and country is getting poor.
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: NG2012
On: November 7 2017 02:27 PM
[QUOTE=humblefool;n2564124] In India people developed individually, not the country. Its the opposite in China. India can still catch up if it wants. But look at this. For the price for one year of farmer loan waiver/waive-off you can build a few urban metro transit projects every year. And we have loan waivers every years. By this very money by now we should have had a few thousands of kilometers of urban metro infrastructure. So the thing is money is here, its just going to benefit people individually. There are plenty of farmers who are benefitting enormously from these schemes, just take loan every year, don't pay. Other money goes in myriad other social spending schemes. Of course if you use all this money, put a aggressive development plan place and make it happen. You can get the US style freeway and subway infrastructure in a few decades, but like I said, people here prefer individual profit above national development. On top of this you have a bulk of your citizen base in small business and trade, plus doctor and lawyer types who make crazy profits and don't pay a dime in income taxes. Personally people are getting rich, and country is getting poor.[/QUOTE] Subsidies and loan waivers for farmers is a worldwide phenomenon. Without it, the food cost will soar. The farmers in India are quite poor. Reasons are many. Another way to look at it is how dangerous RE is. Farmers who own RE (as farmland) find it difficult to sell due to emotional reasons. They would rather toil in it and when the returns on their RE is bad, they kill themselves rather than selling it. As I am from farming community, I see poverty stricken, debt laden farmers all the time. Most of them own farmland that has notional price that runs in several tens of lakhs but they would rather die than sell it. Such is a vicious pull of RE. Be it farmland, small plot or a old dilapilated house. People tend to hold on to it forever. Its a toxic asset. Stay away from it.
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 7 2017 03:13 PM
[QUOTE=NG2012;n2564136] Subsidies and loan waivers for farmers is a worldwide phenomenon. Without it, the food cost will soar. The farmers in India are quite poor. Reasons are many. Another way to look at it is how dangerous RE is. Farmers who own RE (as farmland) find it difficult to sell due to emotional reasons. They would rather toil in it and when the returns on their RE is bad, they kill themselves rather than selling it. As I am from farming community, I see poverty stricken, debt laden farmers all the time. Most of them own farmland that has notional price that runs in several tens of lakhs but they would rather die than sell it. Such is a vicious pull of RE. Be it farmland, small plot or a old dilapilated house. People tend to hold on to it forever. Its a toxic asset. Stay away from it.[/QUOTE] Talk about entitlement. If you don't find a business/venture/job feasible, do yourself and all of us a favor. Quit. That is a far better option than to expect the world sign away 33% of their paychecks to endlessly bail you out, year after year. All because a certain section can't get over self pity, won't quit what they know can never work, and despite all this expects the world to keep paying to get their indulgence going. And yes whatever [I]'emotions'[/I] you might have, why do you expect us to pay, year after year? Food production in this country is in shambles. Highly fragmented and done on medieval principles. Automation and mass production, with adequate supply chain can bring down prices by a good 50%. This will also help making food accessible and eradicating hunger in a country like ours. And lastly will keep these socialist schemes at bay.
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: November 7 2017 03:25 PM
[QUOTE=humblefool;n2564160] Talk about entitlement. If you don't find a business/venture/job feasible, do yourself and all of us a favor. Quit. That is a far better option than to expect the world sign away 33% of their paychecks to endlessly bail you out, year after year. All because a certain section can get over self pity, won't quit what they know can never work, and despite all this expects the world to keep paying to get their indulgence going. And yes whatever [I]'emotions'[/I] you might have, why do you expect us to pay, year after year? Food production in this country is in shambles. Highly fragmented and done on medieval principles. Automation and mass production, with adequate supply chain can bring down prices by a good 50%. This will also help making food accessible and eradicating hunger in a country like ours. And lastly will keep these socialist schemes at bay. [/QUOTE] Do you want the whole country on GM crops to increase production ? Next healthcare takes a hit due to side effects of GMOs. Now instead of paying farmers you are spending on healthcare in a country full of cancer. Do us a favor and spare us from your profit loss centric ignorance.
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 7 2017 03:32 PM
[QUOTE=raabta;n2564163] Do you want the whole country on GM crops to increase production ? Next healthcare takes a hit due to side effects of GMOs. Now instead of paying farmers you are spending on healthcare in a country full of cancer. Do us a favor and spare us from your profit loss centric ignorance.[/QUOTE] Mass production doesn't mean GM crops. It just means you won't have people farming 4 crops in one acre of land, taking hefty loans to full fill their impossible dreams, fail disastrously and expect all of us to pay for them. It just means you will do it at a scale where volume brings down prices. The way its done in most developed countries, this of course involves using tons of automation and machinery, which will increase productivity like crazy. This instead of having people tilling with shovels and spoons all day, and expect people to pay them daily wages. Never send a human to do what a machine can, this fact was realized in developed countries eons back. Then of course you have a good high way grid infrastructure that feeds to consumer quickly. Combined effect has a good reduction in price. Here in our country one grandpa gives land to, 6 kids, those 6 kids give to 36. Those 36 are left standing in 0.5 acre each, fragmenting the whole land and productivity part. And then of course, the net produce/person involved goes down like crazy. Now obviously, if 36 compete with each other, in things like this a good deal fail, and you hear 'poor little emo farmer me' cry starts and we need to pay for them. Do away with this, and you also get enough money to build state of the art irrigation and water networks.
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: NG2012
On: November 7 2017 04:41 PM
[QUOTE=humblefool;n2564165] Mass production doesn't mean GM crops. It just means you won't have people farming 4 crops in one acre of land, taking hefty loans to full fill their impossible dreams, fail disastrously and expect all of us to pay for them. It just means you will do it at a scale where volume brings down prices. The way its done in most developed countries, this of course involves using tons of automation and machinery, which will increase productivity like crazy. This instead of having people tilling with shovels and spoons all day, and expect people to pay them daily wages. Never send a human to do what a machine can, this fact was realized in developed countries eons back. Then of course you have a good high way grid infrastructure that feeds to consumer quickly. Combined effect has a good reduction in price. Here in our country one grandpa gives land to, 6 kids, those 6 kids give to 36. Those 36 are left standing in 0.5 acre each, fragmenting the whole land and productivity part. And then of course, the net produce/person involved goes down like crazy. Now obviously, if 36 compete with each other, in things like this a good deal fail, and you hear 'poor little emo farmer me' cry starts and we need to pay for them. Do away with this, and you also get enough money to build state of the art irrigation and water networks.[/QUOTE] 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...
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: November 7 2017 07:04 PM
[h=1]Affordable homes supply increases 27% in Jan-Sep: Credai-MCHI[/h] Supply of affordable homes increased by 27 per cent to 26,081 units across 8 cities during January-September this year as against 20,485 a year-ago.PTI | November 07, 2017, 18:30 IST [URL="https://realty.economictimes.indiatimes.com/tag/mumbai"]MUMBAI[/URL]: Owing to various initiatives taken up by the government to boost [URL="https://realty.economictimes.indiatimes.com/tag/affordable+housing"]affordable housing[/URL] sector, the supply of affordable homes increased by 27 per cent to 26,081 units across eight cities during January-September this year as against 20,485 a year-ago, a recent study said. According to a study by real estate developers' body [URL="https://realty.economictimes.indiatimes.com/tag/credai-mchi"]Credai-MCHI[/URL], among these new launches, almost 40 per cent of affordable housing projects were launched in Mumbai, followed by Kolkata and Pune. Mumbai witnessed the highest number of launches at over 19,400 new [URL="https://realty.economictimes.indiatimes.com/news/residential"]residential[/URL] units till September 2017, out of which affordable [URL="https://realty.economictimes.indiatimes.com/tag/housing+sector"]housing sector[/URL] had a share of close to 10,000 units, registering a rise of 300 per cent over the same time last year. "The market is looking up with the positive festive season when developers are receiving a good number of enquiries. There's festive mood in the market, thus demand is picking up starting Diwali season," Credai-MCHI President Mayur Shah said in a statement issued here. He added that if things go the way sales are picking up, sales may even reach its peak in another six months. The implementation of [URL="https://realty.economictimes.indiatimes.com/tag/rera"]RERA[/URL] and [URL="https://realty.economictimes.indiatimes.com/tag/gst"]GST[/URL] boosted the confidence of home-buyers, who were swinging in a dilemma to buy a house. "The enhanced confidence resulted in many enquiries for the right kind of properties in Mumbai, which witnessed good traction during the current festive season," Shah added. The association is also holding a three-days property expo from November 16 -19, 2017 in the megapolis. [url]https://realty.economictimes.indiatimes.com/news/residential/affordable-homes-supply-increases-27-in-jan-sep-credai-mchi/61547838[/url]
With warm regards,
Team IREF
With warm regards,
Team IREF
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