Dec

17

 Driving on my way back from work, at a traffic signal just at the boundary of the business district in Mumbai, it struck me that each and every advertisement is for swank, upmarket housing. The only other billboard was from a bank offering housing loans at "attractive" rates.

With realty stocks at all time lows in India, one wonders if such advertising is a sign of the coming crash in realty prices or the bankruptcies in the debt-laden realty sector companies or both?

What kind of signs have investors noticed in other economies in the world before realty bottomed out or the realty stocks bottomed out?


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