In continuation of my property post....
I am wondering if the property cycle in Bangalore is linked by some factor to the job cycle and which cycle comes first. Now the job market is doing really well and hence people are getting more and more money and therefore taking more loans. When the job market starts getting saturated, the property market will probably see the impact but after a lead time. It will take some time before we see the impact actually showing up on the number of loans disbursed and the number of flats taken up.
This started off as a hesitant step, but the blog has grown and the journey has been enjoyable. These are just a collection of my ramblings and my views..a good reflection of what is running in my mind...
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- Bibs
- male, libran, movies, music, travel, analyst, IT, MBA gyan, foreign policy, globalization
1 comment:
I feel that the property boom follows the job boom. In the year 2002, apartments in Prestige Acropolis were being sold for Rs. 40 - 50 lacs and there were not many takers. This can be attributed to the recession prevailing around that time. Builders were willing to sell at a loss or at cost so that they don't lose more interest bcoz of the waiting time.
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