Sep Thursday 24 2009
Ongoing festive season holds the key to real estate developers fate resurrection. To say the least, they have been pinning all their hopes on this season as it holds their ticket to fortune land. Although the condition is still critical but after reading the recent stock exchange figures, developers are quite upbeat about the fact there is a great possibility of making a strong comeback. However after a lack-lustre last year’s festive season, developers are still not confident of expected results.
As we all know, bygone liquidity crisis saw many real estate firms plummet down. This scarcity of liquidity caused the delay in the completion of many projects. Now when there is ample liquidity in the market, only countable housing unit developers have left thus, creating a healthy void which in turn has seen surge in demand levels. The ongoing festive season looks to repair all the damage done. For those who don’t know real estate sector was the worst-affected economic sector at the hands of recession causing significant value-erosion thus, leaving the whole sector shattered.
However, speaking from developers’ point of view, they will still be sticking with their rigid approach and would aim to recover losses in this 3 months-period. Hence, no experimentation and hurrying up of things at least for the time being mainly because the market is still price-sensitive and any unplanned move can scare away the prospective customers. Wiping out debt and regaining the confidence of investors and customers is on top-most priority. Moreover, special focus is on providing townships that serve to the residential needs of middle and lower middle class families within a realistic price-band. To add to it expansion holds the key to trim down the debt volumes and developers fraternity knows that. Knowing that expansion of customer base can maximise the profitable prospects, several listed realty firms have overcome their inhibitions and have met the liquidity requirement through Qualified Institutional Placements route in recent past.
Hence, unlike last year this year’s festive season certainly has lot to offer in terms of substance however, it remains to be seen whether it fulfils expectations or not.
Sep Thursday 17 2009
After a year of Lehman brothers collapse, which triggered the world economy on 15th September 2008, the world markets are now stable and are making efforts to heal the wounds of the recession. During the period, 15th to 17th of September 2008, the world has witnessed worst calamities in the economies of developed countries. The first collapse was of Lehman brothers Bankruptcy, second was AIG, the top most insurance companies of US which was taken over by the US Government and the third one was Merill Lynch which was absorbed by the Bank of America with the financial support of US Government.
These incidents sent waves of panic across the world economies. The event led to the situation where banks halted their process of credit circulation which ultimately saw liquidity levels hitting rock-bottom which directly resulted into the loss of working capital for the companies, loss of funds for long-term projects etc. But due to the unprecedented involvement of the Central banks and the governments of the developed countries, the situation after a year has got pretty stable. Although, the situation is stable as per the markets, problems like unemployment and drastic changes in spending style have been observed. That is not all rocketing prices for food products and oil are still bothering US and UK. Although governments are providing stimulus packages to avoid these uncertainties. But then stimulus packages ultimately leads to a deficit in the budget. The government may again try to compensate this with increasing taxes or by spending less on development works which directly connected to us. These circumstances are leading the consumers to reduce their consumption or spending in order to avoid taxes.
Many economies world wide which target the spending ability of the US and UK consumers are now taking the route of diversification thus, with a view to spread their risks. There are many economies like Singapore, Hong kong which are completely trade based economies that got affected with the global recession but are recovering in a steady manner.
Above example quite clearly tells us that its high time for the developed countries to learn what is all about sustainable spending and growth rather than excessive spending. Asia is already marching towards the growth path, with China and India showing positive signs in the markets. Although, the storm has subsided, the after effects are still very much in the picture and might consume more time before vanishing from the scene completely.
Sep Friday 11 2009
Welcome to the world of paisawaisa. Striding ahead of milestones by creating a new path, paisawaisa is aiming to set a new benchmark in the world of finance. The portal in itself elevates a higher level of faith and reliability in the people. We at paisawaisa, has always ensured and believed that your need is our motive. This portal was designed to serve the people with all the finance related information. Paisawaisa is a financial portal which renders real estate solutions and financial advisory services to the Indian population globally. After thorough planning and research we have set up this portal which provides all the finance related services to the people. Erecting a dynamic financial portal in this scenario of heavy competition and economic down turn was highly challenging. Yet, we survived and has reached a position where we, as paisawaisa could contribute something which is very informative and useful to the society.
Paisawaisa as a portal has ten main domains comprising of News, Community, Stocks, Real Estate, Cars, Insurance, Banking, Loans, Credit Cards and e-Tax. The News domain has all the latest news in finance, politics, sports, international and news articles etc. We at paisawaisa, believe in the power of sharing the knowledge and has introduced a domain called Community, which is very interactive, where people can form members of our website and can drop their opinions and ideas through blogs, forums and polls. Also, we have Q&A through this one can post his/her questions and can get the answers from various browsers. We have a separate column for expert advice where in an individual can post his/her queries and can get advises from our experts.
Stocks domain is very dynamic, where one can get the live market updates and can post queries related to stocks and also foreign exchange rates can be calculated through the currency converter. Domains like Loans, Banking, Insurance and Credit cards provide and compare all the interest rates, premium rates between various companies which provide these products and also all the details regarding these products. The world of finance has no boundaries, so we as paisawaisa are improving and developing as a brand day-by-day, will continue our efforts to provide the best and latest information and services to the society.
