Thursday, July 9, 2009

Real Estate

Five year of stupendous growth in construction and valuation had made billionaires out of millionaires. Unreal valuations have crashed. Exposing hollow business plans and the bubble underneath. The downturn may drag many other sectors such as manufacturing. finance with it.
We are in grave danger. India needs a $500-billion stimulus packages like China.-----Rajeev Talwar. Group Executive Director DLF

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