Indian Realty Wakes Up To The US Meltdown

The recent financial debacle in the US has sent shock waves across the globe and is also projected to impact the Indian real estate sector directly or indirectly. Adequate and timely funding would be a major concern for developers. Already, there are indications of investors withdrawing their funding. While big players consider this shake-up as a temporary phase, most global property consultants anticipate correction in property prices. Buyers are adopting a ‘wait and watch’ policy and the cascading impact of the US financial tsunami might be felt on real estate too in terms of movement in projects, property prices and stocks of real estate companies. We should examine the mixed views on the collapse of major US financial institutions on the Indian realty.

This entry was written by rajani, posted on September 26, 2008 at 11:06 am, filed under Property News and tagged , , , , , , , , , , , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.

2 Comments

  1. riathareja
    Posted September 29, 2008 at 5:48 am | Permalink

    The collapse of the Lehman Brothers and the buyout of Merill Lynch have not become a reason to frown for Indian realtors, as they are putting up a brave front and maintaining that there will be no impact on the real estate sector of the country. Lehman Brothers filing for bankruptcy will impact those Indian realty operators who have not structured their agreement carefully, according to Mr. Sanjay Dutt, joint Managing Director, Cushman & Wakefield. He does not foresee a situation where projects would get shelved. “Most of the funds that were committed have been delivered.” Mr. Dutt is of the opinion that if projects get shelved it is mostly because of changing market dynamics and not because of a lack of liquidity. Experts think that in a bid to de-risk, these investment bankers would trade their private equity placements. India is still a growth story and as far as the real estate investment is concerned it is very attractive from a long-term perspective.For more view- realtydigest.blogspot.com

  2. david
    Posted October 5, 2008 at 1:39 am | Permalink

    prem,I forgot to inform you about my Site Info Valley belonging to Nigama Developers.I got call from Surender Reddy about their new project.call me.

    cheers, david

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