Real Estate Sector Booming ???

[msn1270]

As per the survy of the Leading Kannada NewsPaper Vijaya Karnataka, The real estate sector is still in dull state and the hype like Real estate sector is once again rising and will reach the new peak in couple of months...etc are all the rumours by the speculators and the agents. It says, only BDA sites have few enquiries and the actual transactions are very very Less and there are no buyers for the private layouts and properties.

Read the attached file.

[BengaluruBoy]

Thanks for the article, MSN. This article gives the real picture of real estate. Even the information on BDA site is also not true. The highest rate in BSK 6th stage is 1500 psft ( on 100 feet road). but in other aeras it about 900-1200.

[MNRS]

As per the National Housing Bank Residex, Bangalore prices are about 58% of the 2007 price (100%). As per the index, during 2008 Dec period there was some growth, but during the 2009 Jan-June period, there is a drop of almost 20%.

http://www.nhb.org.in/Residex/Data&Graphs.php

http://www.nhb.org.in/Residex/BANGALOREres.php

[BengaluruBoy]

The economy which, over the past few months, had shown promising signs of recovery, continues to be sluggish. One indicator that the recession is not a thing of the past is the ailing realty sector in which the adverse impact of the slowdown has been sharp.

Dip in stamp duty, registration fee collection indicates sluggish recovery
Realty revenue drops 30 pc

http://www.deccanherald.com/content/367 ... 30-pc.html

[rangavittala]

also watch real estate survey done by realestate sensentive index- www.ressex.com, shows data for latest years.

[msn1270]

Recentl "Dubai World" crack(Debt of 27.5lakh crores, invested by world's major banks and Non-Banking financial investors)is another example that Real Estate market is still in comma condition across the world. Similarly another Real Estate Bubble is expected in China in the coming months and thier banking sector are highly vulnerable to this bubble as they've main investment in that sector.