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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 5 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: April 22 2018 06:16 AM
[QUOTE=flatowner2;n2594779][h=1]Why India's millionaires are ditching Indian citizenship[/h] The latest to join the bandwagon or rather jump ship is real estate tycoon Surendra Hiranandani, co-founder of the Hiranandani Group As many as 23,000 wealthy Indians have given up their citizenship since 2014, according to a report by investment and financial services firm Morgan Stanley. In fact, 7,000 of them left the country in 2017 alone. [url="https://timesofindia.indiatimes.com/business/india-business/why-indias-millionaires-are-ditching-indian-citizenship/articleshow/63830380.cms"]https://timesofindia.indiatimes.com/business/india-business/why-indias-millionaires-are-ditching-indian-citizenship/articleshow/63830380.cms[/url] [/QUOTE]It is nothing new. Most thugs get Cyprus citizenship by buying real state. This Hiranandani chap also did the same. India and Cyprus has taxation treaty , So he can reap benefits of 0% tax of Cyprus. Do you want such individuals to live in india. In some posts back idiots were complaining about Nirav modi, Vijay Mallay.. they both have foreign passports and they open bank accounts with those passports and escape by scamming. Most wealthy have dual passports. Most of A grade lawyers have foreign passports. One should look at FDI received by India. highest in the world. Clearly hot money is chasing india. We are country of 1.2 billions and in next 10 years hundreds of billionairs will be in India, so who needs Hiranandanis. mallayas.. Even Most IT people in Europe gets passports after 5 years. But they all put money in India.. I just laugh at doomsayers.. they have been wrong for last 15 years. No real estate crash will happen in India in this decade.
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: April 22 2018 06:40 AM
Depression ..recession has arrived In India by way of record tractor sales https://economictimes.indiatimes.com/industry/auto/news/industry/modis-pro-farmer-policies-likely-to-help-indias-tractor-industry-reach-record-sales/articleshow/58037981.cms
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: April 22 2018 08:47 PM
Who says there is slowdown? Ask any big defaulter, they're having a good time. Nirav Modi, Mallya, Mehul Bhai, Lalit etc are all having good time. The big defaulters having good time after gobbling lakhs of crores of loans. Economy is moving very fast. See how fast the NPAs are growing. And illegal black money transactions are all time high. Economy is so fast that we even our ATMs could not keep up with 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: rajchauhan
On: April 22 2018 08:52 PM
[QUOTE=Bharatiya;n2594884]Who says there is slowdown? Ask any big defaulter, they're having a good time. Nirav Modi, Mallya, Mehul Bhai, Lalit etc are all having good time. The big defaulters having good time after gobbling lakhs of crores of loans. Economy is moving very fast. See how fast the NPAs are growing. And illegal black money transactions are all time high. Economy is so fast that we even out ATMs could not keep up with it.[/QUOTE] Bharatiya Bhai, Sarcasm apart, what is the way forward? Will this continue like this or our so called upright government will be able to do any anything? Query to All Friends :All asset classes are down, this is seldom seen in Indian economy . where to invest now ? Note: After 17 yeras of Mutual fund investing,m now there is no hope there too!
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: April 22 2018 09:08 PM
[QUOTE=Bharatiya;n2594884]Who says there is slowdown? Ask any big defaulter, they're having a good time. Nirav Modi, Mallya, Mehul Bhai, Lalit etc are all having good time. The big defaulters having good time after gobbling lakhs of crores of loans. Economy is moving very fast. See how fast the NPAs are growing. And illegal black money transactions are all time high. Economy is so fast that we even our ATMs could not keep up with it.[/QUOTE] LOL all big defaulters are running from one country to another. Business carries lot of risks. Only 1-2 % businesses succeeds every year. 99 % have to default. So there will always be NPAs. Now cleanup is being done through Bankruptcy laws. Problem is not Mallayas, Nirav modis, problem is with Public sector banks. Fire sale privatization of all govt banks and bringing corporate taxes to 5-10 % will fix this problem.
With warm regards,
Team IREF
With warm regards,
Team IREF
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