The Market slow down dropping the Real Estate Prices in India
US market slow down is slowly getting the real estate under fire. With most of the IT companies depending on US financial majors, IT employees are already feeling the heat. To add to the fuel – some companies already fired employees given the tight budgets they have.
I recommend caution in buying any property at this time. All those Real Estate Builders – who were hiking the prices without any reason, are now seems to be the underdogs. "AB aaya Unth pahaad ke niche".
In Hyderabad, I saw sky high prices for properties in the villages near High Tech City. I call all the near by areas as villages as there is no water supply, no road etc. Builders were asking Rs 3600/SFT to some of the new ventures like Boulder Hill was quoting INR 5500/sft. I am sure there are buyers who will purchase houses in these rates as well. But for a middle class person it is impossible to buy a house in these rates. Hopefully – NOW this should come down to a reasonable price which is justifiable.
Also the rentals in these areas are 13-14K for 2BHK which is not justifiable. I feel with this slow down we see a correction in prices.
My advice to the home buyers would be to stay calm and wait for some more time.
An accomplished agile leader with a successful track record for building high growth engineering organizations, transforming traditional teams to be agile and scaling operations.
A change leader with rich experience in defining enterprise vision, strategy in alignment with business roadmap, articulating to “C” level executives, and taking charge for end to end delivery (inception to design to deploy and support).
Known for delivery excellence, product focus and technical leadership. An enterprise products guy who enjoys putting disruptive technology and tools to transform legacy teams.
IT Directions | Strategy | Innovation | Design thinking
Agile transformations | Coaching | Scaling
DevOps | Continuous delivery | Application Lifecycle
AI | Cognitive Computing | IOT | RPA
Lean Product Management | Program Management
IT Leadership | Strategy | Innovation | Mentoring
High Scale Enterprise Architecture | API Development
Cloud Computing (Azure, AWS, Private Cloud)
Containers | Microservices | Test Automation
Data Analytics | Machine Learning | Cognitive
Audit, Compliance and Data Privacy (SOX, PCI)