Ramesh

http://propertybots.com

2 Comments

    • ON: Sat Feb 23rd 20:00 PM
      Commented on:
      Indian Realty Sector Expected to Grow 45% in 2008
      I echo the previous comment. The blogosphere is buzzing with comments of a India real-estate bubble ready to burst. Check out my blog propertybots.blogspot.... which has links to some of these other blog articles.
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    • ON: Sat Feb 23rd 19:34 PM
      Commented on:
      India's Exploding Real Estate Market: Shades of the Florida Condo Bubble
      I enjoyed reading all the comments and the views, and I am glad I am not the only one who is scratching his head trying to rationalize this. I plan to track and follow this bubble further through my new blog

      propertybots.blogspot....

      As an investor in Indian real-estate who is based in the US, I share the angst of many others who are trying to figure out what to do. My short take, as I noted in my recent blog, is that this bubble has room to run due to one thing: poor infrastructure.

      Poor infrastructure (highways/roads) means that people have to crowd around in cities. Others have noted this. But I think this is THE key issue. I doubt if infrastructure will improve any time soon. So, the only other solution is creation of self-sufficient satellite towns, like the US suburbs. Self-sufficient means these are de-facto new towns/cities, and people don't have to commute to the main city for basic needs (schools, hospitals, jobs etc.).

      So, for example, like Naperville is to Chicago. However, people still commute for jobs from Naperville to Chicago. So, India will need not just Napervilles, but actually a mini-Chicago in Naperville, so people don't have to commute.

      Hope that makes sense. More on my blog (propertybots.blogspot....) down the line.
      View article »
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