Real Estate, Hyderabad, Bangalore, Fabcity.

Just now I typed in words that will increase hits to my blog. Words that worked for my website included telebrands, doyousudoku, call girls,....
Ok, let me talk about all those words a bit.

Real Estate. I hate this business. Empty speculation. Self fulfilling speculation. A project is announced. Price of 100s of acres go up. Don't try to verify the implementation details. An international airport announced, 1000s of residential plots successfully sold. Did I miss any new radical soundproof technology. Ringroad, yeah right, 100s of kilometers along the ringroad will be filled with 100s of malls.
There might be 100 reasons why specualtion might not be what it is, but reality. My question is how did we miss this a while gao, say 2 yrs ago. Low interest rates, easy housing loans, NRI money , black money being converted into white all help fuel this frenzy.But is this for real? Don't you see a looming liquidity crunch, hardening interest rates. What if IT industry goes for a tailspin? How are we going to fund 40000 rs/month EMIs?
And when did govt become Real Estate trader. It announces somethin every 3 months to keep fires burning.
And Fabcity promoted by SEMINDIA. Guys & gals if any, please do a google search on terms Vinod Aggarwal, SEMINDIA & FABCITY. You will see if it's going to be real or not.
A somebody, nobody who at best was head of few million dollars comapny promises to bring in 3 billion dollars as investment in next few yrs . Federal & state govts fall for that. One promises 400 acres of land, water, power plant, another promises a grant of 1000 crores. Idiots, why does he need to bring any more money?
When will you learn? Or is it that we should learn that you people too might be involved in this? Remember Volkswagen, Vashist Wahan?
F*** all ignorant idiots, selfish realtors, politicians.