In an interview reported in Business Standard, Deepak Parekh (HDFC Chairman) talks about affordability and why he is not bullish on Indian real estate. Its a great read.
For the complete interview click here.
He is touching upon one thing which has been missed in the whole Real Estate media coverage. He talks about how India will start losing business at the existing real estate prices. According to him Indian real estate is not a bubble but a correction has to ensue. Hats off to Deepak Parekh for what he is doing, inspite of 'everything is great, we are going to the moon' euphoria around.
For the complete interview click here.
He is touching upon one thing which has been missed in the whole Real Estate media coverage. He talks about how India will start losing business at the existing real estate prices. According to him Indian real estate is not a bubble but a correction has to ensue. Hats off to Deepak Parekh for what he is doing, inspite of 'everything is great, we are going to the moon' euphoria around.
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