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Economy

Deepak Shenoy Speaks on CNBC TV18 About The Ongoing Housing Price Correction

In December 2013, I was on CNBC TV-18, speaking of the housing price correction and what I thought of the way forward. Here’s the video, with @NayantaraRai interviewing me on the subject:

[blurb-capmind-prem]

  • good one – you highlighted the ground reality
    I understand from sources in chennai – especially in OMR area – more than 60% of fully completed houses are still to be sold – then there are other supply areas as you said are to be factored – this is just a small example
    Industry people say they need to wait till 2015 – 2016 to comeout of this problem. Lets see.. regards

  • IsItPossible says:

    Sounds like we are in similar patterns which existed in US around 2006-2007 before the housing bubble burst in late2007-2008
    Whenever Euro meltdown happens and credit freezes (this time across the globe), that will be worse nightmare come true for housing in India/china/canada/singapore/hong kong/etc. We shall see all this unwind in next 2-4 years, a very traumatic period for anyone who took a BIG loan for a small house.
    Q: Is there any good source of data (public or private) available to analyze real estate market in India!!!

  • Hector says:

    Hey Deepak,
    Some feedback:
    http://www.youtube.com/watch?v=FNvOLM4QQ7A
    As you take Capital mind to places, it won’t be a bad skill to harness. Tc.

  • lohit says:

    Price/rent ratio is a strong indicator of exuberance. If demand for housing was indeed so high, it should have fed into rents too. But prices have in most places increased faster than rents. In Mumbai/Delhi rental yields are now around 2% .