Take a look at the recent land deals that have happened in various parts of the country. We are hearing a lot about the slowdown and this chart makes it amply clear that there is a clear trend. Look at the deals done in the MUMBAI BKC (Bandra Kurla). Clearly and surprisingly, a deal struck in March 2008 by Jet Airways got land at Rs. 5666 million per acre compared to a recent deal in August when Talim Research got the land at only Rs 635 million per acre in the same region. Over 80% discount to the price paid by Jet Airways in March!! The slowdown is very evident from the above example. Surprisingly, the August deal had just 1 bidder!!
Read more on the story I had written earlier
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