Thursday, November 06, 2008

Residential Prices + Retail Rentals to Fall

According to latest research report released by Macquarie on the Indian Real Estate sector, they expect Retail Rentals and Residential Prices to fall across India. The chart below shows how various pockets of Real Estate - Residential, Commercial Office Space, Retail are expected to perform in various Indian cities. [Expandable Image]Residential, office and Retail pricing and Rentals in IndiaWe will not agree with our Finance Minister's view about falling interest rates, especially for the troubled Realty Developers. None of the Private Banks have cut Home Loan rates because its simply not viable and they are not under the control and influence of South Block Ministry.

This is not Mr. Chidambaram's Reserve Bank. Dream Home Buyers can hit the street and remember there is only one mantra in this scenario - Reject all Gifts by developers and squeeze them to come down to your price. Show Realty Developers CASH and they will drool.

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