CREDAI Bangalore Exhibition- A Bogus Threat to Property Buyers

The Confederation of Real Estate Developer’s Associations of India – CREDAI Bangalore wing is conducting a property Exhibition to sell their distress assets as property prices are falling and speculators were the first to exit. With Indian economy under pressure and interest rates set to rise, CREDAI Bangalore is creating a fear in consumers that Property Prices will still go Higher.

However, CREDAI mostly run by Black money people are wrong and in a hurry to cheat consumers by selling assets at higher marked up prices.  Here is an excellent research conducted by Dalal Street Business Blog showing how property prices have fallen by more than 18% in Delhi NCR Region. Also note that India’s largest Housing financiers – HDFC and ICICI Bank Home Loans division have  stated that their hosing loan disbursement is falling QoQ implying consumers are willing to wait for the interest rates to soften. Realtors will have no choice but to UNLOAD their assets for future projects. Be patient and boycott, the CREDAI exhibition in Bangalore.

Fall in Bangalore Property Prices.

Kingfisher Villa versus Antilia

Vijay Mallya the flamboyant Liquor Barron known for his luxury taste and the babes has his Kingfisher Villa located at Candolim, Goa. Easily shares his villa with Hollywood to Bollywood Models and Chicks.

In Mumbai, we have Mukesh Ambani who swallowed most of of his father’s wealth[ parted with ~35% to his younger brother] and is ambitiously building the world’s costliest mansion Antilia at $2 bn, which neither looks like a residence nor a hotel nor a corporate office and I really wonder what makes him so much excited about it.