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Builders and Government are digging their own grave..
by jai on Jul 30, 2008 10:23 AM   Permalink

If the reality market goes down it will be good...The builder polticicien nexus failed to understand one very important point here our economy mainly growing due to FDIs and their ancillaries..The foriegn companies are coming to india due to cost advantage over their own country or any other country , rent/reality price is also one of the major factor of the cost of any product/services if the real estate market goes skyhigh the companise will loose the cost advantage and will move to other countries.. even our own industries will move out..infact its already been seen..The government/builder lobby should look in to it..

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The above message is part of the Discussion Board:
''We are headed for a distressed mkt''