Fairval

Notes on Indian equities, sectors and economy

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 90 other followers

  • Top Posts & Pages

Real estate prices – 50% correction

Posted by fairval on September 29, 2008

AM hearing more and more evidence of a dramatic correction in real estate prices. In Noida, a prime property, has seen prices come dowm from Rs 6000 psft to Rs 3000 per sft. THis is a project from a large listed company.

In Mumbai, in commerial property, I have directly heard of 2 instances where price correction is a little more than 50%.

So I think another 3-6 months, and floodgates will open. Builders seem close to going belly-up. Full scale price correction may just be round the corner

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: