tag:blogger.com,1999:blog-5269558537262232516.post4081775121124084490..comments2024-03-28T14:01:25.631+05:30Comments on Ravi Karandeekar's Pune Real Estate Market News Blog: Dubai brings down worldRavi Karandeekarhttp://www.blogger.com/profile/01681035021606018101noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5269558537262232516.post-59424229770329665132009-11-28T19:02:29.957+05:302009-11-28T19:02:29.957+05:30Not Surprised. They should have bankrupted sooner....Not Surprised. They should have bankrupted sooner. Their real estate was so speculative that their by-laws even allowed a property to be traded multiple times before its construction is complete. Folks too got greedy and you see the results. <br />Dubai until late 70s used Indian Rupees as their main currency. All growth came too soon and too much in a speculative way. Now they will look out for a hand out from Abu Dhabi which is much richer in natural resources.Anonymousnoreply@blogger.com