DLF

India Buying Power some study by World Bank

Posted by : sattmarket

Delhi Property price wil fall 50-70 percent ,all ready decline 40 percent,Actual rate of mig flat 24-27,Lig 7-13 lakhs ,Hig 32-43,
Beawre bfore Buy property is down 40 percent already and will be down more and more ,
Japan GOVT declared recession ,indian economy also in terrible situtaion
AVIOD REAL ESTATE,AUTO,CIMENT,STEEL,AIRLINES,
TATA INDUSTRY,ICICI BANK,HSBC ,CITI GROUP UNDER TROUBLE

DLF down target =99....

Posted by : marketman

The stock of dlf falling due to no demand for its properties.... govt is not willing to cut interest rates further immediately.... all of its on going projects are said to be fully financed.... the expansions will hault completely.... unemployment and job losses may not drive the real estate sector in the near to medium term.... being a leader in the segment this stock may affect much in coming sessions....

DLF down target =99....

Posted by : marketman

DLF may fall to double digit mark in the medium term.... once the present buyback actions over,the scrip may crash to below 100 mark....

India Buying Power some study by World Bank

Posted by : Bhatt

Jaab hamri itni kaam buying power hai tu itne costly makan kharidega kaun Maika lal?


MORE KEY FACTS & ANALYSIS

This is the first major effort to update poverty data based on 2005 measures of purchasing power parity. The new poverty estimates are also based on data from 675 household surveys across 116 developing countries. Over 1.2 million randomly sampled households were interviewed for the 2005 estimate, representing 96% of the developing world. But lags in survey data availability mean that the new estimates do not yet reflect the potentially large adverse effects on poor people of rising food and fuel prices since 2005.

Poverty has fallen by 500 million since 1981 (from 52 percent of the developing world`s population in 1981 to 26 percent in 2005) and the world is still on track to halve the 1990 poverty rate by 2015. But at this rate of progress, about a billion people will still live below $1.25 a day in 2015. Also, most people who escaped $1.25 a day poverty over 1981-2005 would still be poor by middle-income country standards.

East Asia`s progress has been dramatic since 1981, when it was the poorest region in the world. In China, the number of people living on less than $1.25 a day in 2005 prices has dropped from 835 million in 1981 to 207 million in 2005. The Bank`s earlier 2004 estimate had 130 million people living in China below a dollar a day based on 1993 PPP. Thus, the new calculations reveal more poor people than assumed earlier, but China`s remarkable success in reducing poverty still stands.

In the developing world outside China, the $1.25 poverty rate has fallen from 40 percent to 29 percent over 1981-2005. However, given population growth, this progress was not enough to bring down the total number of poor outside China, which has stayed at about 1.2 billion.

In South Asia, the $1.25 poverty rate has fallen from 60 percent to 40 percent over 1981-2005, but again, not enough to bring down the total number of poor people in the region, which stood at about 600 million in 2005. In India, poverty at $1.25 a day in 2005 prices increased from 420 million people in 1981 to 455 million in 2005, while the poverty rate as a share of the total population went from 60% in 1981 to 42% in 2005.

In Sub-Saharan Africa, the $1.25 a day rate was 50 percent in 2005-the same as it was in 1981, after rising, then falling during the period. The number of poor has almost doubled, from 200 million in 1981 to about 380 million in 2005. If the trend persists, a third of the world`s poor will live in Africa by 2015. Average consumption among poor people in Sub-Saharan Africa stood at a meager 70 cents a day in 2005. Poverty is less responsive to growth in Africa than other regions. Higher growth-without rising inequality-is needed to keep pace with other regions.

For middle income countries the median poverty line for all developing countries-$2 a day-is more suitable. 2.6 billion people lived on less than $2 a day in 2005-a number largely unchanged since 1981. This suggests less progress in crossing the $2 a day hurdle. By this measure, the poverty rate has fallen over 1981-2005 in Latin America and the Middle East and North Africa, but not enough to bring down the total number of poor. The poverty rate has risen in Eastern Europe and Central Asia, though with signs of progress since the late 1990s.

Indian property bubble...........

Posted by : pkk07

Real estate developers are overestimating their power. The success and easy money and loot of middle class of the past five years has emboldened them and made them arrogant to the extent that they have started believing they can play God. They will construct at their own pace, delay possessions, sell at inflated prices, delivery crappy products and services and people will still fall at their feet to get a drop of the elixir of real estate. Well they are soon to discover (and if they were any smarter they would have learnt by now) that markets humble everyone. No one can play God here.

SBI Chairman OP Bhatt says property prices may fall by upto 50%

Posted by : gopez

Dear Sir, There is nothing wrong or anything shocking to read sbi chairmans statement.

Mad rush to buy houses made realtors to artificially jack up the prices of land, flats in India to a level of highly irrational levels. So now when people stop running madly for buying everything at any places, naturally reality prices has to come to affordable prices. That is what happening. Realestate crocadiles made crores of money in the boom and the sufferers are the poor investors. Now these crocadiles require government support like more liquidity from banks etc. Govt should instruct banks to immediately lessen the burden on those paying EMIs for housing instead of helping the Realestate owners for liquidity.

SBI Chairman OP Bhatt says property prices may fall by upto 50%

Posted by : pkk07

As the talks of demand slowdown in the real estate sector gather steam, one of the top bankers in the country on Saturday talked about price correction. OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. “In India we may witness up to 50% correction in pricing in the mortgage markets. If that happens, it’s good news for the Indian banking system as NPAs would reduce and new business would fall-in,’’ he said at the concluding session of Ficci-IBA Conference on Global Banking: Paradigm Shift, in Mumbai on Saturday.

SBI Chairman OP Bhatt says property prices may fall by upto 50%

Posted by : pkk07

As the talks of demand slowdown in the real estate sector gather steam, one of the top bankers in the country on Saturday talked about price correction. OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. “In India we may witness up to 50% correction in pricing in the mortgage markets. If that happens, it’s good news for the Indian banking system as NPAs would reduce and new business would fall-in,’’ he said at the concluding session of Ficci-IBA Conference on Global Banking: Paradigm Shift, in Mumbai on Saturday.

Indian property bubble...........

Posted by : chchch

pkk07, You have cited a nice example which I have not read so far. Yes, it is time rates fall down by 30 to 50% in all localities. If the real estate deelopers do not learn from the above exmple, market will mark them down. But, even Central Govt. institutions LIKE Delhi Development Authority are the culprits in marking up the prices of land/buildings/flats EVEN NOW, which is more a cause of hestitation to private builders/developers.

Indian property bubble...........

Posted by : pkk07

I guess idiotic realty developers need to take a cue from Honda. Yes Honda. Honda cut the prices of its hybrid car model from 21 lacs to 13 lacs and sold more in a single day than they have sold in last three months. How would the response have been if Honda had cut the prices by 10%? I guess no body would bother to buy since the non-hybrid version would still be about 40-50% cheaper.

This proves that people are still willing to buy assets at reasonable prices. Just that nothing will sell at inflated prices now. If the real cost of a flat which is selling at 70 lacs today is 45-50 lacs then people will buy it happily at those prices. Its time rates should fall 30-50% in __all__ localities. Real estate developers should learn from Honda on how to sell during recession.