ASSOCHAM has predicted a 25% job reduction in India looming large.
* Unitech is under Rs 8500 Cr debt.Has already sold off its telecom venture to ensure liquidity.
* Chlamandalam DBS has asked it's CEO to go(polite way of sacking) because of exposure to failing real estate.
* Vijaya Bank has acknowledged it's customers are defaulting on loans taken from it.
* Builders are in tremendous pressure. A Thane builder is offereing 'Flat pe flat free'.
These are all news items we read in last few days.
Genuine buyers hold on for 6 months.You'll otherwsie regret.Real estate prices are going to fall at least 60-70% from present level.Cash is going to be very important in days to come.Mark my word.
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