The gigantic Indian realty sector grumbles & groans, riddled as it is with a flurry of issues, some that are external, and some that are created of its own accord. Is the sector doomed to go the way of the US housing boom, or will it be ultimately able to prove the most critical of analysts
horribly wrong? Is the realty beast indeed too large now to be able to sustain itself?
Accept it! You couldn’t have missed the bloodcurdling stare of the 60 ton beauty staring at you a page back. Even we couldn’t, when one top real estate sector expert was drawing out this analogy quite innovatively for us. Massive, growling, thundering, roaring to run, ready to destroy, the 25-foot tall King Kong’s similarity to the real estate sector was just about as uncanny as it could get... Oh, did we mention this Kong nitwit’s a dime brainless too? That was the ‘uncanniest’ similarity with the realty sector we couldn’t quite get over with. Think about it – with his sheer agility, fierce attacking instincts & stupendous power, this King of rock would have been more than a handful for an army, even with a few superheroes thrown in! Isn’t it then hilariously ironical that all it took was a few overzealous, and rather clumsy explorers, with even clumsier weapons (chloroform, for Pete’s sake!), to overpower Mr. Genius and bring him down to his knees? What’s the explanation for that? Quite straightforward, we should explain. Both Kong and our spectacular real estate sector got entrapped because of the problems of growing ‘interest’.
For Complete IIPM Article, Click here
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
horribly wrong? Is the realty beast indeed too large now to be able to sustain itself?Accept it! You couldn’t have missed the bloodcurdling stare of the 60 ton beauty staring at you a page back. Even we couldn’t, when one top real estate sector expert was drawing out this analogy quite innovatively for us. Massive, growling, thundering, roaring to run, ready to destroy, the 25-foot tall King Kong’s similarity to the real estate sector was just about as uncanny as it could get... Oh, did we mention this Kong nitwit’s a dime brainless too? That was the ‘uncanniest’ similarity with the realty sector we couldn’t quite get over with. Think about it – with his sheer agility, fierce attacking instincts & stupendous power, this King of rock would have been more than a handful for an army, even with a few superheroes thrown in! Isn’t it then hilariously ironical that all it took was a few overzealous, and rather clumsy explorers, with even clumsier weapons (chloroform, for Pete’s sake!), to overpower Mr. Genius and bring him down to his knees? What’s the explanation for that? Quite straightforward, we should explain. Both Kong and our spectacular real estate sector got entrapped because of the problems of growing ‘interest’.
For Complete IIPM Article, Click here
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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