Here again the experts are coming to defend the sector just like stock market.What this boom is all about? Everybody wants that they get the best value for their product.Have you seen the price DLF had fixed for their IPO? Same with reliance and all other big businesses.They take the cream out of the company and float the IPO for it.See the balance Sheet of DLF for the last quarter.They were running on negative cash flow.Imagine what would have happened if there were no IPO or if their IPO would have failed. They all know with sound advertisement and with good communication strategy they can sell any thing.Investors should be wary of these companies unless and untill it is worth buying. There should be compulsory grading of shares across all categories which are already listed and compulsory for new issue also. Rating companies should be held accountable if they are not taking due care in providing the grade. Fiends these people (not all) want to become rich with our money so their should be strict law so that they can be held accountable if there is anything fishy.Now for real estate career. It seems that if 10 persons (experts) and news paper are saying samething then we get the feeling that the sector is booming. The main bottleneck is sheer lack of transparency 80% of this sectors is still unorganised.They don't have business model.They want to ride on this so called virtual boom.Dear players you will have to plan your business model so that there must be buyers for it.
RE:Real Estate Myth
by Sameer Borikar on Sep 07, 2007 01:52 PM Permalink
I strongly agree on this. This sector is un-necessarily hyped without strong fundamentals. Due to the exhorbitant rates, its practically becoming unaffordable to middle class indian citizens. I am foreseeing big drop in those prices soon...
i work for a real estate company and i bet what sreekumar said is 100%right. it is a lalji's bussiness with absoultely no professional approach. the promoters/owners of such companies have only money and land to their credit but no professionalism in running a company.
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by Rajiv Nigam on Sep 07, 2007 10:22 AM Permalink
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Real estate may be so called growing sector but as on date it is most unorganised sector, with no internal structuring, I had recently moved from telecom to infrastructure, but it is all eutopian boom, actually all these lala's (individual ) owned organisations are still being run in same indiviudal basis not in professional manner, so the industry/sector may not attract the best talent towards this. All these companies looking rosy because of land bank they have gathered, rest all is farce SO MY ADVICE TO ALL WHO LOOK FOR THESE ASTRONIMICAL SALARIES PLEASE DO READY FOR SOME CULTURAL SHOCKS IN THESE ORGANISATIONS
RE:Total Mess
by tony jos on Sep 07, 2007 10:02 AM Permalink
I AGREE WITH BOTH OF YOU.....FOR PEOPLE EXCITED BY THIS ARTICLE, IT SEEMS TO ME MORE OF AN ADVRTISEMENT FOR THESE TRAINING INSTITUTES....
THIS IS EVEN TODAY THE MOST DISSORGANISED SECTOR....HENCE THIS WRITE UP IS MISSLEADING
Every time this type of write ups are coming praising above the sky limits about the benefits that may come incase one specialized in certain courses. It is nothing but to make earning for educational institutions in private or in Govt. sector. After going through financial strain and time constraints getting appropriate job is difficult. After completing the course they have to go for applying for job and attending interviews by spending a lot. Now application fee for a job is minimum Rs.600/-. The Prime ministers / ministers / presidents also give speech in public forums about the importance of the courses and the benefits that are going to get after completion of the course. For example what happened to the biotechnology / Nano technology / bio informatics degree holders. How many of them got job, what is the salary, how many are still wandering here and there for jobs? Once the course is completed there will be no value for this particular course? Do any one think about the money spent on such students and whether the GOVT, is serious in providing them suitable jobs? GOVT. will think how can they impose course fee / application fee / service tax / educational cess / EXIT TAX etc etc on these innocents?
The CENTRE FOR ENVIRONMENTAL PLANNING & TECHNOLOGY (CEPT)AHMEDABAD is the only institute in INDIA offering Masters degree in INFRASTRUCTURE PLANNING for graduates in CIVIL ENGINNERING, PLANNING or Architecture. Since infrastucture development is perhaps the fastest growing sector of our economy, those eligible should definitely not miss this opportunity.
It is good to be aware of the trends but by no means should salary be thought of as a criteria for joining any industry. You should go in for whatever excites you or you are passionate about which is what will take you through all the years of your career. The industry shall have its own cycles and will go up and then come down and then again go up... if you are good at something, and I mean really good, you will find that money shall come irrespective of the trade.
RE:Salaries are not the barometer
by swamy on Sep 07, 2007 10:05 AM Permalink
Real estate is no Angelina Jolie..to excite me, dont fool urself with all this excitement stuff..most ppl just take the job that pays them most or they expect to be paid more in the long run...salary either short term or long term is the only thing that matters.
RE:Salaries are not the barometer
by on Sep 07, 2007 11:12 AM Permalink
Good thoughts... But these are good to kept as thoughts... I agree that Money is not everything... you should have a passion toward ur work... and Work is god... but u r not alone my dear.. you have ur own family, ur parent to whom u have a lot of debts... :) to satisfy them you require money... without money nobody will be asking you... If u think u r talented go to a bank, show ur talent n demand a loan... u do need some initial money that the bank will demand... Construction business is the most unmanaged businessat atleast in India... try visting a site and ask the site engineers how much they get for all the hard work they do... n also try asking at what rates the flat goes n how much does the boss earns.... Grow up man...
