1. It appears that the property has peaked in India as Moody's has told that India's industrial production (IIP) rose only 5.3% in January.
2. it means that recession may be in offing as year-ago this figure stood tall at 11.6%, and this is in contrast to also a downturn from December’s 7.7% growth.
3. Even the growth which has been recorded in January 2008 was lower than expected. As a result market is not taking kindly to these results.
4. Aggressive monetary tightening and if I recall correctly it is nine interest rate hikes since 2004 and as a result borrowing costs have touched the roof and thus speculation element has gone from the property market and thus demand for property has hit its nadir. One can safely wait to get a good property deal in times to come.
Monday 17 March, 2008
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This blog is a personal blog written and edited by me. For questions about this blog, please contact me.
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This blog abides by word of mouth marketing standards. We believe in honesty of relationship, opinion and identity. The compensation received may influence the advertising content, topics or posts made in this blog. The owner(s) of this blog is compensated to provide opinion on products, services, websites and various other topics. Even though the owner(s) of this blog receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. Every effort is made to make the sponsored post identifiable but at times due to advertisers restrictions the same may not be feasible all the time.The views and opinions expressed on this blog are purely the bloggers' own. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question.
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