With so many layoffs happening in IT sector, do we foresee possible correction in land prices?
Many IT giants laying off, for sure will have an impact on people working in IT.
Are there any cases were prices in bangalore have lowered.
Possible Slowdown?
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amit_pearl2
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paramrsa83
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Re: Possible Slowdown?
Nope. The prices won't go down, the prices may stagnate for some time but it won't go down.
The layoff aren't going in large scale. The layoffs are only for certain redundant employees (10 - 20 yrs of exp). The fresher are still getting recruited & bookings are still happening by them.
The layoff aren't going in large scale. The layoffs are only for certain redundant employees (10 - 20 yrs of exp). The fresher are still getting recruited & bookings are still happening by them.
Re: Possible Slowdown?
In spite of having large volume of unsold inventory of flats and plots in the market, current scenario of IT field will not have any impact in the real estate,
as every junior getting good salary invests in real estate. Moreover Real Estate is controlled by the politicians, banks, black money & people having multiple
source of income.
These news is nothing but hire & fine policy already entered in the Indian business. since past few months, we are hearing about news on layoff's, corporate restructuring...etc in the IT sector. its becoming a routine business in the recent years. its only the matter of survival of the fittest. Everyone can't move higher
as the no of posts reduces at every step higher you move.
Quality Fresher candidates and those experienced in the range of 2-6 years have very job good opportunity. But those who crossed more than 10 years of
experience are reaching the danger line. Nowadays business firms are cautious in maintaining these fat salaried non-billable candidates. Here on wards
these things will be routine where a person who move from the regular coding job to the team lead/project lead...etc will become a non-billable. Also
those who are in the Testing domain, lot of automation is happening & headcount will reducing day by day. Those who work more on the people management,
Excel, Visio & ppt are becoming redundant in the market & these white elephants are the one who are most vulnerable to the layoff's.
Simply don't get committed to the 15-20 years home loans, 7 year car loan, sending kids to hi-profile international schools, swiping credit cards for everything
you see in the market, changing expensive smart phone quite often...etc.
Plan your financials keeping above things in mind. if you don't have control on your financials, you life will be in soup in future.
as every junior getting good salary invests in real estate. Moreover Real Estate is controlled by the politicians, banks, black money & people having multiple
source of income.
These news is nothing but hire & fine policy already entered in the Indian business. since past few months, we are hearing about news on layoff's, corporate restructuring...etc in the IT sector. its becoming a routine business in the recent years. its only the matter of survival of the fittest. Everyone can't move higher
as the no of posts reduces at every step higher you move.
Quality Fresher candidates and those experienced in the range of 2-6 years have very job good opportunity. But those who crossed more than 10 years of
experience are reaching the danger line. Nowadays business firms are cautious in maintaining these fat salaried non-billable candidates. Here on wards
these things will be routine where a person who move from the regular coding job to the team lead/project lead...etc will become a non-billable. Also
those who are in the Testing domain, lot of automation is happening & headcount will reducing day by day. Those who work more on the people management,
Excel, Visio & ppt are becoming redundant in the market & these white elephants are the one who are most vulnerable to the layoff's.
Simply don't get committed to the 15-20 years home loans, 7 year car loan, sending kids to hi-profile international schools, swiping credit cards for everything
you see in the market, changing expensive smart phone quite often...etc.
Plan your financials keeping above things in mind. if you don't have control on your financials, you life will be in soup in future.
Last edited by msn1270 on February 5th, 2015, 9:43 am, edited 1 time in total.
Re: Possible Slowdown?
2015 realestate forecast ...
Re: Possible Slowdown?
Excellently conveyed.msn1270 wrote: Simply don't get committed to the 15-20 years home loans, 7 year car loan, sending kids to hi-profile international schools, swiping credit cards for everything
you see in the market, changing expensive smart phone quite often...etc.
Prices are not going to reduce as real estate is not a transparent and well governed market.
Big shots who have sunk a lot of black money into real estate will not allow free market economics to prevail when it might erode their investment.
Allowing real estate prices to increase without limit takes us to oversupply situation, as is the case now.
What does it mean to the buyers ?
If somebody who has committed themselves to a 20 year loan finds themselves in a position where they are unable to continue paying EMIs, who do you think will bear the brunt?
The builder has already made his money. The banks wont lose as they can confiscate and auction the property in case of failure to repay EMIs.
The end customer is the one who will suffer and needs financial prudence to dictate his purchases, especially when a high value transaction like real estate is concerned.
Like the Kannada saying goes "hasige iddashtu kaalu chachu" which somewhat loosely translates to "Stretch your leg till the length of the bed".
When it comes to buying a house, the buyer has to find the balance between economics and emotion.
To get a perspective on where we might be heading, see these articles from 2014, on what was happening in the Mumbai/Chennai markets at that time:
http://www.dnaindia.com/mumbai/report-b ... ai-2032716
https://www.linkedin.com/pulse/20140609 ... the-toilet
http://www.thehindubusinessline.com/fea ... 605283.ece