The bulls and bears are running at full pace! A clash is imminent!
Bulls: The super cool realty rate index. It took NASA 25 years to reach space, the Mumbai Real Estate developers & brokers took just 2 years to do so! Hell the prices keep going north, and appear to have no ceiling, or is it?
Bears: The interest rate index. Kudos to RBI, there is someone lending ears to the plight of Indians, albeit indirectly! There are three major developments, a. Interest rates have been hiked once more, b. NRI deposit rates have been cut and c. NRI's are eligible for a maximum of 20 Lac of Home Loans.
Ok, personal feelings aside, the interesting part is that since the two indexes are about to clash its' gonna the effects could either send Realty into a downward spiral, and cause atleast a blip in the growth story. Either way the interest rates CANNOT keep going high while sustaining the boom.
Update: Commercial real-estate is falling nationwide, except Mumbai ( for how long?)
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