Of course there is no Real Estate bubble in India.
This is what the builders, the govt of India, RBI, the Chairman of the biggest housing finance company / bank all of them tell us.
Why do they tell us?
Because if suppose property prices fall 40% in Mumbai….what happens to the balance sheets of SBI, Hdfc, Icici, Kotak……etc.?
It falls about 30%. Or thereabouts. Then what happens if the NPA explodes?
Well banking stocks will be available for free.
But what if a ‘white’ man – the bluest of blue – Washington Post say it? like this?
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