My attempt to arrive at objective numbers for Real estate prices in India led me to the official Ministry of Finance Index which shows prices from 2002-2007. (more…)
February 2009
Indian Real Estate - Objective Prices
Categories: Indian Real EstateCheaper homes: Old wine in new bottle?
Categories: Indian Real EstateSticker prices are lower but homes are much smaller with fewer amenities
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Want a dream home in Bangalore? Buy it now
Categories: Indian Real EstateAre you planning to set up your dream home here? It’s an excellent time, because prices are down and promotions are up. But it will help to have the cash, because loans are hard to come by in this age of recession.
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Housing ministry proposes bonanza for small home buyers
Categories: Indian Real EstateThe housing ministry has proposed a veritable bonanza for first-time house buyers in the low and middle income groups, suggesting tax breaks, cap on prices and freeze on interest rates.
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Office rentals dip 10-14% in NCR, Mumbai
Categories: Indian Real EstateOffice rentals declined 10-14% in Sept quarter compared to June quarter in Mumbai, NCR and Kolkata despite global slowdown.
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SC wants law to protect owners from squatters
Categories: Indian Real EstateSC wants a change in the law that gives ownership rights to the one who has usurped a property by squatting by taking advantage of the fact that the owners were have had little time to inquire about their property.
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Don’t Listen To Ben Bernanke ’s Predictions
Categories: forecasts“We believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited”
- Ben Bernanke, May 2007
“There is a reasonable prospect that the current recession will end in 2009″
- Ben Bernanke, February 2009
US House Prices to Bottom In 2010 - Karl Case
Categories: US Real EstateThe U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, one of the property market’s best-known economists said. (more…)
Impending Silver Crash - Time to Load up On Junk Silver?
Categories: Commodities, forecastsI’ve started buying up junk silver on Ebay. So far, I’ve bought around $85 (face value) in junk silver, which works out to around $1020 at current silver prices. My average price is around 50 cents below spot. (more…)
Time to Sell Gold - Feb 25, ,2009 @ $953/Oz
Categories: forecastsThe upside for gold looks to be limited and no bigger fool to sell to, time to take profits from your gold trade. Sell them NOW. Todays closing price is $953/Oz