- australia is a conundrum. their real estate correction can not precede a chinese downturn in my view. bhp billiton and other miners who mainly export to china/asia have recorded multi billion dollar profit. bhp is buying out canadian co potash for c. USD40 billion. aussie economy is based on mining. i think we are far from a correction. aussie mouse is riding the chinese dragon..dangerous at some stage. many experts have started questioning the chinese growth...let's see..timing is key.
- kalpataru/ashok tower at parel now quoting rs 30,000 a foot or slightly below. my friend's 2,000 sft flat leased out at rs 17 lakh (140k pm) pa ie a yield of 3%, similar to sydney! earlier mumbai yields were 5% for residential. everything is booming. it took me 15 minutes to walk out of andheri station after getting off the train at platfrom no 7 or 8 or 9(!). walked in a sea of humanity - thousands of people walking in and out of station with tiredness, patience and enthusiasm at 7pm. the potential human energy is unbelivable - in my view much larger than the heat of all the oil in saudi arabia. just imagine if these people's energy is channelised properly, they could overturn an empire! i won't be surprised with a 10% GDP next 10 years. also spent 2 hours with ceo and directors at a leading investment bank. they are doing great business and are upbeat. couldn't see a person who is complaining about money - whether beggars, housemaids, executives. now in that case why should real estate be any cheaper in mumbai?
Be focused in all that we do from now on. If we are in the field of Real Estate, try and be successful with what you have. Make the most out of it and show others that you can be successful with that.
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Experience is the best teacher specially on handling a business. You can learn a lot from different experiences but most likely, many people prefer to read blogs before investing on real estate. But for me, experience is the best teacher for any businesses to learn for your business.
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Property investment is important for people looking to build a secure financial future. Owning a home and additional property helps to provide that security. It is the one basic human need that a person need only invest in once, and not worry about it in perpetuity. Investing in Property calls for one to purchase additional properties with the goal of eventually making profit off the venture. There are two ways through which an investor can profit from this business. The first is through residual net income after meeting the necessary property costs and taxes. This requires that the rental income being derived is adequate to cover all expenses and leave the investor with a good residual amount.
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