Cochin is undergoing a massive change in its demography over the past few years. The arrival of IT parks and boom in the hospitality sector have resulted in greater influx of migrants from other states. Greater job opportunity also meant the return of the Non Resident Keralites. As a result there is a huge demand for homes in and around Cochin. The greatest development in Cochin is seen in Kakkanad. Many IT parks including the upcoming Smart City are all located in Kakkanad. Another big advantage that Kakkanad has is its proximity to the Seaport-Airport road that connects the Cochin International Airport to the Cochin port via the Cochin Special Economic Zone (SEZ). Also, Kakkanad has seen a rise in number of educational institutions in the past few years, thereby making it the most sought after place for new housing projects.
The development is not just concentrated in the IT sector. The shipping industry will see an immense development once the Rs. 2200 crore Vallarppadam International Container Transshipment Terminal gets completed. Another major boost for the commercial development in Cochin comes in the form of Rs. 2500 crore LNG Petronet project.
All these will lead to more job opportunity and more demand for quality housing. With such huge infrastructure development in near future, it is only wise to invest on real estate. As the demand rises, there will be huge escalation in the real estate prices.
Sunday, October 19, 2008
Saturday, October 4, 2008
Allen Greenspan Says Markets to Recover as Investors Return
Former Federal Reserve Chairman Alan Greenspan said financial markets and the economy will recover ``sooner rather than later'' from the worst turmoil in seven decades.
``Trust will eventually reemerge as investors dip hesitantly back into the marketplace,'' Greenspan said today in a speech at Georgetown University's law school in Washington. ``From that point, history tells us, financial and economic revival sets in. I suspect it will be sooner rather than later.''
Greenspan urged lawmakers last week to back ``extensive'' measures to tackle the worst financial crisis since the 1930s and head off a recession. The U.S. Senate passed a $700 billion financial-market rescue package yesterday loaded with inducements for the House of Representatives to approve the measure following its rejection of an earlier version Sept. 29.
``We are living through the type of wrenching financial crisis that comes along only once in a century,'' Greenspan said today. ``Financial markets freeze up as an excess of fear displaces a protracted period of what some might call irrational exuberance. Eventually the market freeze will thaw as frightened investors take tentative steps towards reengagement with risk.''
Greenspan, 82, who served 18 years as Fed chief, took office just before the 1987 stock-market crash. He led the central bank during two eight-month-long recessions, the Asian financial crisis, the 2001 terrorist attacks and the bursting of the Internet bubble.
Deepening Crisis
He spoke amid signs the crisis was deepening. Corporate short-term borrowing plummeted 5.6 percent, the most on record, to the lowest amount outstanding in three years, the Fed said today. Separately, the cost of borrowing in dollars for three months in London rose for a fourth day as banks hoarded cash.
Greenspan, while not commenting today on the rescue bill, spoke from a text about the importance of property rights at a conference entitled, ``Our Courts and Corporate Citizenship.'' He didn't take audience questions.
``Broken market ties among banks, pension and hedge funds and all types of non-financial businesses, will become reestablished, and our complex economy, that has the capacity to produce a fifth of the world's goods and services, will reemerge,'' he said.
The House may vote tomorrow afternoon on the rescue bill.
In a statement e-mailed to lawmakers Sept. 25, signed by Greenspan, former Treasury Secretary George Shultz and Stanford University economist Robert Hall, the three economists wrote that ``the only way that financial institutions can continue to function is for the government to provide financial support.''
``Trust will eventually reemerge as investors dip hesitantly back into the marketplace,'' Greenspan said today in a speech at Georgetown University's law school in Washington. ``From that point, history tells us, financial and economic revival sets in. I suspect it will be sooner rather than later.''
Greenspan urged lawmakers last week to back ``extensive'' measures to tackle the worst financial crisis since the 1930s and head off a recession. The U.S. Senate passed a $700 billion financial-market rescue package yesterday loaded with inducements for the House of Representatives to approve the measure following its rejection of an earlier version Sept. 29.
``We are living through the type of wrenching financial crisis that comes along only once in a century,'' Greenspan said today. ``Financial markets freeze up as an excess of fear displaces a protracted period of what some might call irrational exuberance. Eventually the market freeze will thaw as frightened investors take tentative steps towards reengagement with risk.''
Greenspan, 82, who served 18 years as Fed chief, took office just before the 1987 stock-market crash. He led the central bank during two eight-month-long recessions, the Asian financial crisis, the 2001 terrorist attacks and the bursting of the Internet bubble.
Deepening Crisis
He spoke amid signs the crisis was deepening. Corporate short-term borrowing plummeted 5.6 percent, the most on record, to the lowest amount outstanding in three years, the Fed said today. Separately, the cost of borrowing in dollars for three months in London rose for a fourth day as banks hoarded cash.
Greenspan, while not commenting today on the rescue bill, spoke from a text about the importance of property rights at a conference entitled, ``Our Courts and Corporate Citizenship.'' He didn't take audience questions.
``Broken market ties among banks, pension and hedge funds and all types of non-financial businesses, will become reestablished, and our complex economy, that has the capacity to produce a fifth of the world's goods and services, will reemerge,'' he said.
The House may vote tomorrow afternoon on the rescue bill.
In a statement e-mailed to lawmakers Sept. 25, signed by Greenspan, former Treasury Secretary George Shultz and Stanford University economist Robert Hall, the three economists wrote that ``the only way that financial institutions can continue to function is for the government to provide financial support.''
Saturday, September 27, 2008
Indian Economy Summary
* Industrial output rose 7.1% in July 2008 from July 2007 and from a rise of 5.4% in June 2008, data released by the Union government on 12 September 2008 showed. This was above market expectation of a 6.5% growth. Manufacturing production was up 7.5% in July 2008 from July 2007.
* The infrastructure sector output grew 4.3% in July 2008 from July 2007. This is above the 3.4% annual growth in June 2008, government data showed on 10 September 2008. The infrastructure sector accounts for 26.7% of industrial output.
* Inflation based on the wholesale price index surged 12.10% in the 12 months to 30 August 2008, below the previous week’s annual rise of 12.34%, data released by the Union government on 11 September 2008 showed. Inflation for the week ended 5 July 2008 was revised up to 12.19% from 11.91%.
* India’s exports grew 31.2% to $16.35 billion in July 2008 from a year earlier but the trade deficit widened to $10.80 billion from June as higher oil imports weighed, data showed on 1 September 2008. Imports were up 48.1% to $27.14 billion in July 2008, while oil imports rose 69.3% to $9.48 billion in the month. Exports were up 24.6% at $59.19 billion in April to July 2008 from a year earlier, while the trade deficit widened to $41.23 billion in the period from $27.35 billion in the same period in the previous year.
* The UPA Government on 1 September 2008 ruled out an immediate reduction in petrol and diesel prices as state-run firms are still running into daily losses of over Rs 400 crore despite softening in international oil prices. The drop in international oil prices has resulted in Indian Oil, Bharat Petroleum and Hindustan Petroleum reporting a revenue loses of Rs 400 crore per day in the fortnight ending September 2008 from Rs 450 crore a fortnight ago.
* The Union government on 1 September 2008 appointed finance secretary Duvvuri Subbarao as the new governor of the Reserve Bank of India (RBI). He succeeded Dr Y V Reddy, whose term ended on 5 September 2008. Subbarao would be appointed for a three-year period. He may, however, be considered for reappointment for another two years, as the RBI Act provides for appointment of a governor for a period of up to five years.
* India has slipped two notches to 122 in a global list that ranks the ease of doing business in 181 economies. The sixth ‘Doing Business Report 2009’, prepared by the International Finance Corporation and the World Bank, places Nepal and Pakistan above India despite these two countries undertaking no major reform in the last year.
* The infrastructure sector output grew 4.3% in July 2008 from July 2007. This is above the 3.4% annual growth in June 2008, government data showed on 10 September 2008. The infrastructure sector accounts for 26.7% of industrial output.
* Inflation based on the wholesale price index surged 12.10% in the 12 months to 30 August 2008, below the previous week’s annual rise of 12.34%, data released by the Union government on 11 September 2008 showed. Inflation for the week ended 5 July 2008 was revised up to 12.19% from 11.91%.
* India’s exports grew 31.2% to $16.35 billion in July 2008 from a year earlier but the trade deficit widened to $10.80 billion from June as higher oil imports weighed, data showed on 1 September 2008. Imports were up 48.1% to $27.14 billion in July 2008, while oil imports rose 69.3% to $9.48 billion in the month. Exports were up 24.6% at $59.19 billion in April to July 2008 from a year earlier, while the trade deficit widened to $41.23 billion in the period from $27.35 billion in the same period in the previous year.
* The UPA Government on 1 September 2008 ruled out an immediate reduction in petrol and diesel prices as state-run firms are still running into daily losses of over Rs 400 crore despite softening in international oil prices. The drop in international oil prices has resulted in Indian Oil, Bharat Petroleum and Hindustan Petroleum reporting a revenue loses of Rs 400 crore per day in the fortnight ending September 2008 from Rs 450 crore a fortnight ago.
* The Union government on 1 September 2008 appointed finance secretary Duvvuri Subbarao as the new governor of the Reserve Bank of India (RBI). He succeeded Dr Y V Reddy, whose term ended on 5 September 2008. Subbarao would be appointed for a three-year period. He may, however, be considered for reappointment for another two years, as the RBI Act provides for appointment of a governor for a period of up to five years.
* India has slipped two notches to 122 in a global list that ranks the ease of doing business in 181 economies. The sixth ‘Doing Business Report 2009’, prepared by the International Finance Corporation and the World Bank, places Nepal and Pakistan above India despite these two countries undertaking no major reform in the last year.
Friday, September 19, 2008
Bulls Rock'n again!! But Bear will continue.........
Markets are witnessing huge buying interest following surge in global markets led by banking stocks as US government is considering measures to rid financial firms from this debt trap and to end this credit crisis. The Sensex got back above 14000 mark while the Nifty is holding above 4200. Buying is seen in realty, technology, telecom, banking, capital goods, power and oil stock!!
Arun Duggal , former CEO (India) of Bank of America, believes that the concerted efforts being made by global central banks are important to stabilise markets. "There has been a lot of bad news which has come out in the open. We can’t say that it is all over. Perhaps there will be some more bad news, and some further action is required in the next few weeks or months. We are well on our way to looking at the resolution of this problem.”
Tomi Dcruze,CEO
Arun Duggal , former CEO (India) of Bank of America, believes that the concerted efforts being made by global central banks are important to stabilise markets. "There has been a lot of bad news which has come out in the open. We can’t say that it is all over. Perhaps there will be some more bad news, and some further action is required in the next few weeks or months. We are well on our way to looking at the resolution of this problem.”
Tomi Dcruze,CEO
Subscribe to:
Posts (Atom)
