Chapter 169 Indian Fairy 3

The job request immediately spread to Beijing. After a short interval, a personnel appointment came in early July. Liu Huifeng was appointed as an associate member of the real estate department. This position is said to be high or low. If her ability is high, she will soon be able to be independent, and if her ability is not very good, she can only be a person. Everyone is very clear about this. Liu Huifeng's joining of real estate caused a little shock to the real estate staff. Originally, Li did not have any real estate personnel. Everyone knows that most of these people who come to India are related to electronics and new materials, and the others are only some accountants and legal personnel. Few people like to do real estate, but now they actually have Can the children of the Li family, who are real estate, not surprise them? Speaking of which, it also made Li Mengze and Li Yudong feel embarrassed. The 14 children of the Li family who already have a job, as well as their eldest son and daughter of the three-wheeler chariot, none of them likes the real estate industry. Li Ruyi and Wang Jing don't like it. Even Xu Gangchuan is not the "descor's subordinates" of their uncles, which is this one. A daughter-in-law or son-in-law did not make real estate, and the direct collaterals of the whole family have nothing to do with real estate, which made more than a dozen people in the older generation who received work requests to be overjoyed, and made Li Mengze earn a lot of face in front of his friends. His happiness made everyone jealous and helpless! Of course, this daughter-in-law is willing to do one thing. Whether she can do it well is another thing. Several people dare not be careless at all. Let's start from the beginning, so a letter of appointment is sent to the person in charge of the fairy in India. At the same time, the investigation of Liu Huifeng's performance in Liu's real estate has also been intensified. Liu Huifeng didn't realize the shock caused at home and the views of her colleagues. She was already immersed in some kind of entrepreneurial excitement, "unbreakable, no standing". Maybe that's what Dad meant!

While Indians are still looking forward to the large-scale investment of fairies, fairies have begun the continuous investment process in the Indian real estate industry and start their two-year real estate investment journey.

India's real estate industry, like other industries, has rapidly shrunk and went bankrupt in the face of the economic crisis. A large number of buildings under construction have been forced to stop work urgently. Real estate companies, large and small, have closed down one after another, and their losses have exceeded many industries! Around the world, the real estate industry is an industry with fast value-added, high yields, and heavy losses. Moreover, many companies start from real estate and make enough money before transferring to other industries. There is such an understanding in the industry that if you have a penny of money, you can invest at least three cents of real estate, and then expand it, which is getting bigger and bigger. Therefore, real estate is considered to be a profitable and loan-financed industry. But real estate is also an extremely unstable industry, and any market will cause heavy losses! In addition, real estate is also an industry that has been popular. Its price is often amazingly high. It is a paradise for adventurers!

Worldwide, due to the continuous and steady growth of the economy, the increasing social wealth, and the continuous rise of real estate investment, so that the real estate output value continues to expand. Whether it is developed or developing countries, there is no essential difference. Even in China, after about four years of stable development, the economic crisis has also been seriously damaged. The extent of the loss exceeds that of the electronics industry, and even new materials are compared with the biotechnology industry. Xixing alone has lost about 50%, and this is the only one in Li-related industry. It's heavy. According to Li Yudong's statistics, if those real estates are not taken away, only 150 billion yuan of real estate will fiercely delay Xixing Company. It is said that the 150 billion yuan real estate is now worth no more than 30 billion yuan, and the terrible thing is that these real estates need at least 400 million yuan per month. This maintenance cost; of course, this means that these properties are still in their hands. In fact, two-thirds of the property owners have gone bankrupt and become scapegoats for the economic crisis of Xixing. If China is like this, the situation of Indian real estate companies is even more worrying.

India's overall development level is much later than that of China. When Chinese real estate companies enter the intermittent period, it coincides with the rapid expansion of India's real estate industry, which has caused particularly heavy losses to the Indian industry in this economic crisis, and its degree of loss is comparable to that of technology companies. In comparison, the overall decline is more than 80%, and countless real estate companies, large and small, have gone bankrupt. A large number of unemployed people have not been able to repay the bank's loans, and the housing has been forcibly recovered by the bank, and the bank's recovery has gradually been unable to afford. The banking industry itself has suffered heavy losses. Many banks have even collapsed and can't continue to recover mortgaged houses at all, while real estate companies can't accept back investment and can't pay back bank loans. A large number of new Real estate can't be sold, hotels and shops can't be rented out, and the investment can't be recovered. Under multiple attacks, bankruptcy is inevitable. One family is broken, every family is broken, and the bankruptcy of real estate companies has become a trend. Some people were still rich in society the day before, and they were still throwing a lot of money in hotels and dance halls. The next day, they were penniless, or even no place to stand. Many people could not stand this huge contrast. They ended their lives early and became victims of the economic crisis. There are more homeless unemployed people who can't pay their housing loans. Although the weather in India is relatively warm and they don't freeze to death on the street, they are also in a miserable situation.

For the collapse of the real estate industry, Fairy Company has also had relevant information for a long time. In her investment strategy, there is real estate. However, because real estate is an industry that lags behind the overall economic situation, she put this project in a relatively backward acquisition sequence and did not start acquisition until July. According to the fairy's plan, it could have been delayed for a while, but there are various signs that India's land industry has the potential to further drag down the economy, and the homeless in India is too large. If it continues, coupled with the continuous influx of homeless people, it is very likely to cause social conflicts. It is said that someone Demonstrations have taken place in some places, and racial conflicts have become more serious... The fairy certainly does not want India to be so chaotic. Although she does not want economic growth immediately, she is willing to help the Indian government if she can curb the downward trend. In the crisis, the kindness of dripping water will be rewarded in the future. Therefore, the fairy company urgently decided to carry out real estate acquisition early, which led to the follow-up of a large number of Li Weisen's follow-up personnel after the second batch, and made the proportion of real estate personnel in India more than one-third, and there were continuous people entering sporadically!

Although the fairy started real estate acquisition early, the purchase price is not positioned according to the existing market price. Her explanation is that the decline of real estate will continue, and it will be settled "according to 85%", or even reach 90%. This is a rather harsh move, which makes some banks and real estate developers lose money. It's a loss. But fairies also have a reason. First of all, the situation in India is becoming more and more chaotic, and it is difficult to predict when it will get better. Fairies take too many risks. Secondly, the real estate that the fairy decided to acquire was basically rented to homeless unemployed people free of charge during the economic crisis. Whether it was ordinary houses or restaurants and hotels, whether it was shops or commercial buildings, the fairies basically gave the Indian people zero rent without harming the architectural decoration. Providing accommodation makes it basically impossible for her to recover her investment and bear all kinds of losses. The investment policy of fairies is undoubtedly a great help to the Indian government. People put food first. For ordinary people, they can barely survive with food and accommodation. If there is no place to live, wind and rain and sun, it is difficult to survive a long day, which can largely avoid social movement. The mess happened. Every time they buy a house, they rent it to the homeless. Of course, they are not stunned philanthropists. For every Indian who lives in fairy real estate, they have signed a housing agreement. The agreement stipulates that the fairy shall provide a house to the other party, and the tenant shall not destroy the indoor facilities of the house. The fairy shall not bear the basic cost of water and electricity. If the economy eases, the tenant must unconditionally give up any real estate rented by the fairy. Every tenant, if he or she finds a job, will pay a certain amount at any time. The amount of rent shall be decided by the government's administrative department through consultation.

The fairy's action is big and fierce enough. From the acquisition of the first real estate and the signing of the first agreement, it has caused a huge response in society. The fairy's behavior has established her unparalleled reputation and irreplaceable influence in India! The real estate she acquired includes private houses, restaurants, hotels and shops, regardless of the nature of the house, which are rented to homeless unemployed people, often living in one room, or several families living together. These homeless unemployed completely broke the standard of accommodation. A few days ago, they were still trembling in the wind and rain and had a hard time. I don't know when they lived in the high-end suite of a five-star high-end hotel and enjoyed the treatment of a rich family. Throughout the economic crisis, most of the real estate acquired by the fairy was leased to the homeless and completely stopped normal business activities. Of course, the price paid by fairies doing this is also huge. Any room, after being lived, will inevitably be polluted and leave some traces. After these residents move out, they have to spend a lot of money to tidy up or redecorate. Those rented rooms are almost One of them is the same as before. Naturally, the fairies did not embarrass the tenants in distress, nor did they ask them for compensation. As long as it is not intentionally damaged, they should maintain a moderate understanding!

Most of the first real estate acquired by fairies are in Mumbai. In early July, negotiators contacted some real estate developers and banks, trying to open the gap from them. For the fairies' quotation, these real estate developers or banks are very difficult to accept, because every house is selling at a loss. And it's a lot of compensation. A real estate developer once estimated that according to the purchase price of the fairy, after selling all the real estate in his hand, he could only maintain a wealth. A large amount of property is "deprived" by fairies, and banks are unwilling to do money-making. For these real estate developers or banks who are unwilling to sell their real estate, fairies do not do too much entanglement. In the whole Mumbai urban agglomeration, there are dozens of large real estate developers alone, and there are only four or five groups of negotiators sent by the company. As the saying goes, the East is not bright and the West is bright. How many days will it take for the fairies to visit these dozens of relatively large real estate developers? "Don't worry, we don't have much money. Let's go to another house." The fairy's negotiators patted their buttocks and left. Soon, the five groups visited the real estate tycoons in Mumbai, which was also a fairy greeting them in advance!

Some remaining banks in Mumbai also have a large amount of real estate in their hands, so the fairy also tested it door-to-house. Unfortunately, the banking department is more unpleasant than those private bosses; so the fairy pulled in the old partners in, which immediately accelerated the bargaining process between the two sides. As for whether it can Success is a thing, at least it has accelerated the process of exploring the bottom of both sides! The news of fairies' contact with Indian real estate immediately spread and soon spread widely. Immediately, there were real estate developers who took the initiative to contact "Fairy Online". Real estate developers boasted about their real estate profitability, saying that under the "great and magical fairy management", they would definitely win greater profits. As a result, a building of value. The 20 million yuan building was reported at an "ultra-high price" of 4,000 trillion yuan. These real estate developers also vowed that "this is the most valuable business in India", which made the fairies' experts laugh and became the adjustment of their life in India, adding interesting topics to their future return to China.

"Mr. Hana, please don't be excited. We are very interested in your company's industry. Please speak slowly." Fairy employee A said, and a glass of mineral water was handed over.

"Thank you. I have admired your company for a long time, and your investment vision is very unique. As you know, my company's building in the 24th block is the best building in Mumbai and one of the best buildings in India. Mr. Hana introduced desperately.

"Yes, Mr. Hana, the building in the 24th block is really good, and it can also be ranked in Mumbai!" A said, this is a more pertinent statement. In a few blocks nearby, the Monhill Building is indeed very famous, with a good geographical location, a good surrounding environment and complete facilities. It used to be a famous Wangpu concentration area.

"My company is very supportive of fairies entering the real estate industry. For this reason, we give 100 million yuan to fairies to show our sincerity in cooperation." Mr. Hana's eyes are shining. This is a better price. You should know that this building did not pay 300 million yuan before.

"One hundred million is not much, but it's a little too high now. Your company seems to overestimate it. Can it be lower?" Jia frowned, and the Indians always overestimated the market value of their real estate.

"It's not high, it's not high, 100 million is just right, it's not high at all. How much do you say?" Mr. Hanah asked nervously. It is said that the fairies' employees are very awesome. There are so many words that any person can decide the direction of the negotiation.

"35 million, the situation of your company is relatively complicated, what do you think?" Jia paused and said, and took a sip of water after saying that.

"3500, too low to repay the bank loan." In the end, Mr. Hana covered his mouth with a strange look.

"It's okay. Your company's buildings in the 32nd and 34th blocks are not as good as those in the 24th block, but it's still worth 45 million yuan, a total of 80 million yuan, which should be almost enough. With the funds on your company's books, it's almost enough to repay the loan. What do you think? Why don't we say hello to the bank and ask them to postpone it for two or three days. Can you think about it? Employee A said sincerely that with the relationship between fairies, the bank will sell this favor, of course...

"No, no, no, I mean, no! I'll go back and think about it!" Mr. Hana said incoherently.

"How about letting the bank postpone it for a few days? Two days or three days? Mr. Hana." Employee A asked with concern that the bank's repayment deadline is approaching.

Indian real estate developers have not only encountered the shrinkage of assets caused by the economic crisis. The real estate can't be rented out, and the leased ones can't be recovered recently. There are also banks chasing their buttocks to ask for loans. Banks also want to relieve the pressure on real estate companies, but this is obviously a bottomless hole. If the economy does not recover in a day, the real estate industry will If you can't cheer up, the bank can't get the loan back. Banks do not recover loans, on the one hand, which increases its debt risk, and on the other hand, it aggravates its own operational difficulties. Maybe if something goes wrong, it will close down. If you don't ask for a loan from this real estate company, the loan of another real estate company may also be ruined, and the real estate company's loan will not be recovered. Come on, then the loans of other industry companies are not much worse, not to mention that there has never been pity or sympathy in the commercial market. Even father and son are willing to fight, so they have to force the loan to recover. Some real estate companies barely have to repay the loan, and some real estate companies are really willing but weak, so they have to offset the low price of real estate to the bank. Gradually, the real estate in the hands of the bank also increases, which greatly increases the burden on the bank. The bank still lacks liquidity, forcing the bank to formulate measures to no longer accept mortgaged land. Production. These real estates, whether mortgaged or transferred to fairy companies, are pitifully low. Banks are unwilling to raise the price, because they can't do anything about these real estate, and the fairy is unwilling to raise the price, because she knows that these real estate will still be transferred to her own hands, so she directly lowers from the root cause. At the price, she doesn't want the bank to get a penny of profit. Therefore, in the end, it became a fairy and a bank, whose price only reached the normal 70% or 80%, or even 60%. As soon as the real estate enters the bank, it is worthless. For most real estate companies, it is better to sell it to the fairy than to mortgage it to the bank. At the same time, the fairy also buys real estate from the bank. The fairy is also not soft on the bank, because if the fairy raises the price in the bank, on the one hand, it will feed the bank, and on the other hand, it will also increase the difficulty of purchasing directly from the real estate developers. The fairy should let the real estate developers know that selling it to her is "approprior than mortgage to the bank".