Real Estate Investments in India: Lessons from Experience in JAPAN and USA
| Vol-3 | Issue-07 | July 2018 | Published Online: 05 July 2018 PDF ( 236 KB ) | ||
| DOI: https://doi.org/10.5281/zenodo.1313751 | ||
| Author(s) | ||
Jaya G Prabhu Parrikar
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1Assistant Professor, Commerce, Dnyanprassarak Mandal’s College And Research Centre, Assagao- Goa (India) |
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| Abstract | ||
The paper analyses the Japanese real estate boom-bust cycle in 1980-1990 and American real estate cycle in 2007-09. In both the nation economic growth warranted lowering interest rates as well as expansion of credit supply which spurred housing price boom. When the interest rates tightened, defaults increased, banks profitability eroded which affected further lending thus disrupting economic growth in Japan as well as in America. This paper also provides an analysis of the behavior of housing market in India. House prices have risen considerably in India and are stagnating now. The strongest lesson for India is to maintain financial stability and credit discipline. |
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| Keywords | ||
| house price, affordability, credit supply, interest rates, monetary policy, asset price | ||
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