India Economy: Looking like our roads…POTHOLES ahead
Some one said:
Do not expect people to understand something when their livelihood depends on not understanding it
Archive for December 9th, 2008
Investing in Infrastructure sector now makes sense from IndianMoneyPlus.Com
Source- Real estate sector has tumbled in the same way in which Jill fell down in the well. But as inflation has now cooled it makes sense to buy some blue chip real-estate scrip’s. Home loan have sweetened leading to higher demand of new homes. This sector has a potential to turn the markets upside down as every new investment needs infrastructure and now low rate home loans will give a boost to many things directly and indirectly. The main sectors to benefit are firstly Infrastructure and later Banking.
India: A suggestion on Housing
We graduate college and enter the work force. The income seems like a gusher and life is good…too good I guess because…the instinctual urges rear up (parents) and push us towards marriage, children and forming a family nest. It is the last of these that I want to talk about.
Potpourri of News…nothing positive
: this is complete bunkum…maybe this is the reason that RBI has allowed NPA’s of real estate companies to be classified as performing till June 2009…levelling the playing field, so to speak…we had a transparency “GAP”.
Indian Banks: Lax Standards chasing growth?
The picture below is a scan of an actual letter offering Rs 7.2 lakhs at 17% fixed rate for up to four years, with all sorts of processing fees…but there is no need of any documents.
…no salary slips, no document, no guarantor documents or bank statement…Just ask for it.
- If there is no documentation…why the 1% processing fee? Just put it in my account
Market Review for 10th December 2008
BSE Sensex: (9163) the market opened with a bull gap but overnight profit booking and selling pressure near the 920 mark took its toll in the later part of the trading day ahead of the EID holiday. Looks like sideways trend to continue for some more time