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Peak, Plateau or Prolonged Run?
Visualise the real-estate market through the property clock concept, where the 12 o’clock position represents the peak and the 6 o’clock position the slump. A unique feature of this clock is that changes in market indicators become marginal near the peak. So, the growth between 11 and 12 is slower than that between, say, 9 and 10, while 12 to 1 sees the beginning of a mild decline before any sharper correction emerges. In fact, the mildness of these variances near the peak make it difficult to declare that the market has topped out.Yet, here’s the thing: several city markets – because,..
The L1 Trap
If global shocks explain the pressure on India’s infrastructure sector, negative bidding explains its fragility. India’s public procurement system continues to rely heavily on the L1 (lowest bidder) model, where contracts are awarded primarily on the basis of the lowest cost. In theory, this approach promotes transparency and cost-efficiency. In practice, however, it often distorts pricing and undermines project viability.What is negative bidding?Negative bidding refers to contractors quoting 15-30 per cent below project estimates to secure contracts. To read the full article Click He..

