Thursday, 12 April 2012

Is the property market headed for a hard landing?

The root method involves comprehensive evaluation of options in the light of defined objectives; whereas the branch method involves building up, step-by-step and by small degrees, from the current situation. Lindblom claimed that the root method was, in fact, not usable for complex policy questions. His verdict was that the practical individual must follow the branch approach – applying the science of muddling through.
The residential property market in India, particularly in the Tier I cities, has remained sluggish for the past 12 months, with significantly lower sale volumes when compared to the high absorption rates of 2010. Home loan interest rates now seem to be at their cyclical highs (but should soon decline) and unforeseen tax levies have come at a time when the industry is facing its moment of reckoning.

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