Already Indian Rupee has breached 58.35 against Dollar. Since last 2 weeks, rupees is depreciation at a very high speed and may reach even 60 shortly. So already companies are gearing up to pass on this burden on the customers. Unless there is no dramatic changes in the economic scenario in a week, definitely we can expect hike in the petrol and diesel prices which will impact on rate of inflation and all other sectors like Transport, automobile, consumer durables, agricultural outputs.....etc and last but not least Real Estate is not an exception. Already cement companies in south india have increased rates by Rs. 30-50 recently. RBI in most likely case, not going to reduce the Repo & CRR Rates in the forthcoming Monetary review event scheduled for next week.
The buying power of an individual is continuously deteriorating in India. The only solution is to increase the exports than import, which can bring back the appreciation to the Indian rupee and give a relief to ordinary man to some extent.
Get ready for another round of Price Hike
Re: Get ready for another round of Price Hike
msn
This is due to the weak macroeconomics of our country. The outlook is bleak, unless until a strong all round policy to develop the main sectors is introduced at a war footing.
Poor are getting poorer & rich richer.This will definetly lead to social imbalances, which is dangerous.
This is due to the weak macroeconomics of our country. The outlook is bleak, unless until a strong all round policy to develop the main sectors is introduced at a war footing.
Poor are getting poorer & rich richer.This will definetly lead to social imbalances, which is dangerous.
Re: Get ready for another round of Price Hike
One more punch.
In order to compensate the revenue spending towards the Newly Elected Govt's popular Rs. 1/Kg Rice program for the BPL Community(Vote Bank Funda), Now Govt has initated steps to increase the Guidance Value and the Reg & Stamp Duty charges. They may announce the same formally soon. This will make way for price rise in the Real estate assets & once again burden the Middle Class people.
Congress always makes Middle Class people life Hell.
In order to compensate the revenue spending towards the Newly Elected Govt's popular Rs. 1/Kg Rice program for the BPL Community(Vote Bank Funda), Now Govt has initated steps to increase the Guidance Value and the Reg & Stamp Duty charges. They may announce the same formally soon. This will make way for price rise in the Real estate assets & once again burden the Middle Class people.
Congress always makes Middle Class people life Hell.
Re: Get ready for another round of Price Hike
Not just the Re.1/- per kg rice, our beloved Siddu is talking re-introducing the sale of arrack.
While the increase in guidance value and stamp duty will contribute to increase the land prices, the slide of the rupee vs the $ will also lead to more inflow into real estate from overseas. With a toothless real estate bill on its way, we can only expect the scenario to worsen the conditions for the middle class.
While the increase in guidance value and stamp duty will contribute to increase the land prices, the slide of the rupee vs the $ will also lead to more inflow into real estate from overseas. With a toothless real estate bill on its way, we can only expect the scenario to worsen the conditions for the middle class.