Word: demanding
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Considered the barometer of its economic growth, the real estate sector in India has grown 30% to 35% during the past five years, reflecting the rapidly increasing demand for office, commercial and industrial space, as well as for bigger homes, now considered within the range of India's prospering working classes. But the economic juggernaut began slowing earlier this year because of double-digit inflation and a severe liquidity crunch (a fallout from the U.S. subprime crisis). Now economic activity may shrink as part of a global slowdown. The country's growth estimates of 9% at the beginning...
Shukla says if the situation does not improve, there could be distress sales within the next six months. The realty sector was heading for a cyclical slowdown even before the current economic slump. Over the past few years, increasing demand had pushed up prices, with speculators jumping in to further inflate the market. Eventually, inventory piled up when buyers refused to pay unrealistically high prices. "So many transactions were taking place between speculators and investors that no one bothered to find out what the end user, the family who would eventually live in the house, would be willing and able...
...entirely pessimistic. Experts and industry insiders believe that once the storm blows over, demand is bound to rise for the same reasons it did last time - a large, young workforce; gradual but consistent liberalization reforms; and a high rate of consumer and private-sector savings. "The silver lining is that once this phase ends, land and property prices will be corrected to rational levels, speculators will be out, and the sector will have stronger fundamentals," says Shukla. If everyone's prayers go right, the goddess will eventually be propitiated and her blessings will issue forth once more...
...last night’s meeting about the program’s environmental impact and whether students even prefer reading a physical newspaper to the internet. Maghran said at the meeting that USA Today would recycle extra newspapers and adjust the number of copies provided to meet student demand. She said that paper newspapers remain important in encouraging reading. “People who physically read newspapers read a lot more than online,” she said. “The internet complements the physical newspaper.” Maghran said that USA Today would also handle delivery, signs...
...Many of us are being forced to sideline our compassion and demand that payments for all expenses be paid up front," says Dominic Maguire, spokesman for the NAFD and a funeral director in Glasgow. "It's simple: if [welfare payments] are delayed, you will see a growing number of bodies waiting weeks, if not months to be buried...