The above Sales Data from DLF shows how Developers Sold Virtual Projects as if Sky was the limit. If it was a ONE-WAY traffic, then why did consumers stay away from BUYING during 2009, when prices had already fallen and Developers were desperate. ?
Wednesday, February 24, 2010
Why we called it Bubble 2 years ago ?
We were shouting at the top of our voice how the Government had failed to handle the Real Estate Bubble in India. Tough measures and the much talked about Real Estate regulator was essential, but all in Vain.
The above Sales Data from DLF shows how Developers Sold Virtual Projects as if Sky was the limit. If it was a ONE-WAY traffic, then why did consumers stay away from BUYING during 2009, when prices had already fallen and Developers were desperate. ?
The above Sales Data from DLF shows how Developers Sold Virtual Projects as if Sky was the limit. If it was a ONE-WAY traffic, then why did consumers stay away from BUYING during 2009, when prices had already fallen and Developers were desperate. ?
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