Wednesday, July 23, 2008

Trump Jr. is coming to India

Trump Jr. Plans $1 Billion Fund for India Property Acquisitions
says Bloomberg:
"Real estate prices in India have climbed for five straight years, boosted by a six-year equity market boom and rising incomes.

The rally in property prices may end this year as a falling stock prices and rising interest rates slow sales and make it tougher for smaller developers to borrow money. The 14-stock Bombay Stock Exchange Realty Index has declined 63 percent this year, almost double the 32 percent drop in the benchmark Sensex.

``The pendulum has started shifting back a little bit to the point where prices have started to become a bit more reasonable,'' said Trump. ``It will allow companies such as ours to justify buying land. It's a good opportunity for us.'' "
via Naked Capitalism which also links to another Bloomberg article on emerging economies Emerging-Market Currency Rally Dies as Inflation Hits (Update3):"India's rupee will weaken 8 percent, its worst year in a decade, while the South African rand will lose 22 percent, its worst performance since 2001, the Bloomberg surveys show.

``The shock of higher food and energy costs has exposed the major shortcomings of emerging economies in controlling inflation,'' said Stephen Jen, chief currency strategist at Morgan Stanley in London and a former Federal Reserve economist. ``I'm not sure emerging markets will respond to inflation shocks.'' "
Much more in the two articles.

2 comments:

Realty Rider said...

India is beginning to make news worldwide. It’s just the right time to think India. There's a new sense of confidence in Indian business. This confidence arises from the growing success of Indian enterprise in the face of competition in an increasing number of sectors. The India growth story is going stronger than ever. Favourable demographic and psychographic changes relating to India’s consumer class, international exposure, availability of quality retail space, wider availability of products and brand communication are some of the factors that are driving the retail in India. Real estate consultancy Jones Lang Lasalle Meghraj has identified 50 Indian cities that are likely to witness most of the retail action over the next couple of years — both in terms of development of malls and advent of organised retailers. And Jaipur, Lucknow and Kochi find mention among cities poised for “high growth.For more view- realtydigest.blogspot.com

gaddeswarup said...

Thanks gor the comment and the link. A few years ago, a friend's daughter in New york told me similar things and that she was planning to shift to India to work in real estate.