This was quite an honour and surprise actually. For Manoj to be endorsed as such. The vision for the company is right on..but execution is going to be a whole lot more work.
The real estate market in the southern cities in india seem to be the best performing markets in India. They are less susceptable to the price fluctuations that we are seeing in New Delhi and Bangalore. The IT market will be the big factor in the continueing strength of the market. Bangalore continues to be to strong in this area.
RBI rates seem to have peaked and will be coming down over the next fiscal quarters. This should provide much needed stimulus to the realty sector. This coupled with the devaluation of the rupee presents a strong case for increased NRI demand into the indian nation.
The RBI rates are supposed to come down in the second quarter of 2012. But only by 50 bases points. To really give realty a big boost it will take at least a reduction of 100 basis points. I hope the government will make this move sooner than later as most firms are reeling under huge debt obligations.
Looks like realty is the best investment at this point. what with the depreciation of the rupee and a tepid stock market in play. Meanwhile bangalore north is coming into it's own finally. Let's hope this trend continues.
This was quite an honour and surprise actually. For Manoj to be endorsed as such. The vision for the company is right on..but execution is going to be a whole lot more work.
ReplyDeleteThe article is be re-run soon after the first project starts up...It will be great to see it up and running after such a long wait.
ReplyDeleteThis is awesome...keep up the great work..This is an amazing achievement.
ReplyDeleteis this article available online from the source. ?
The real estate market in the southern cities in india seem to be the best performing markets in India. They are less susceptable to the price fluctuations that we are seeing in New Delhi and Bangalore. The IT market will be the big factor in the continueing strength of the market. Bangalore continues to be to strong in this area.
ReplyDeleteRBI rates seem to have peaked and will be coming down over the next fiscal quarters. This should provide much needed stimulus to the realty sector. This coupled with the devaluation of the rupee presents a strong case for increased NRI demand into the indian nation.
ReplyDeleteThe RBI rates are supposed to come down in the second quarter of 2012. But only by 50 bases points. To really give realty a big boost it will take at least a reduction of 100 basis points. I hope the government will make this move sooner than later as most firms are reeling under huge debt obligations.
ReplyDeleteLooks like realty is the best investment at this point. what with the depreciation of the rupee and a tepid stock market in play. Meanwhile bangalore north is coming into it's own finally. Let's hope this trend continues.
ReplyDelete