INDIA should depend it's own economy, nowadays these software companies are mostly depends USA economy, so it reflects in INDIA too. There is many INDIANS migrated to USA in 1998, these guys are now earned a handsome money there. those are now investing in INDIA's real estate and stock markets through their relatives. This is the main reason for price rise in Real estate and Stock market.
As per my idea stock market should reach 9000 pts in next 3 months and Real estate will fall to 1/10 of now. Because so many people bought house with high cost, everyone expecting high rent but the ordinary INDIAN'S can't afford those high rent so automatically everything will down.
RE:Truth
by jai on Jun 09, 2008 03:06 PM Permalink
My best wishes for what you have predicted comes true.. because evrything is going so expensive only because of IT sector salaries .I am staying in Pune and here housing has become so expensive as if evryone is working for TCS SATYAM OR IBM only...builders have stopped making 1 Bhk flats as theses are required by lower middle class...hope the marklet crashes well
RE:Truth
by Badrinath Viswanathan on Jun 09, 2008 03:19 PM Permalink
My Dear friend, I work for an IT company in chennai. But I cannot buy an apartment within 30 km from City. Even I hope the market crash ;-)
RE:Truth
by Vivekchand on Jun 09, 2008 03:23 PM Permalink
DEAR FRIEND, WHY R U BLAMING THEM FOR THEY INVESTING THEIR HARD EARNED MONEY. YOU AND I WOULD HAVE DONE THE SAME IF WE HAD MONEY. U ARE BLIND TO SEE THE ACTUAL CULPRIT WHO IS RESPONSIBLE FOR THIS SITUATION-THE GOVT AND THE POLITICIANS AND THE UNSCRUPULOUS BUILDERS. IN CONNIVANCE WITH EACH OTHER ABOLISH THE ULC ACT AND TAKE ALL SORT OF CONCESSIONS IN THE NAME OF THE POOR AND MIDDLE CLASS AND MAKING IMPOSSIBLE FOR A POOR OR MIDDLE CLASS TO OWN A ROOF ABOVE HIS HEAD. LIKE THE UTI SCAN NOW THE FARM LOAN WAIVER SCAM THEY ARE POCKETING THE PUBLIC MONEY IN THE NAME OF FARMERS.
