Real estate is cyclical, he stressed, and he predicted a correction will take place, but he said India is not vulnerable to the kind of real estate crash experienced in the United States after the 1980s building glut.
Luxury apartment buildings went up, but many units remain unsold and retail space is unrented, victims of the downturn and a construction glut.
If Loews does, it will be the latest of several movie theater operators to falter after a building binge created a glut of cinemas with costly leases.
The arrest of some corrupt officials in 2006 dampened a building boom, thus preventing the kind of new housing glut that has contributed to driving down prices in other spots along the Costa del Sol.
A building boom in the early 1990's has resulted in a glut of hotel rooms, notably in Hanoi, the nation's capital, and Ho Chi Minh City, formerly Saigon.
Know your subject The final frontier Looking more convincing Leader of the swarm Reprints Related items 3-D films: Looking more convincingJul 12th 2007Thanks to a building boom in the past few years, there is a glut of cinemas.
Developers went on a building spree in places like Florida and California, and the result is a glut of empty condominiums.
A recent building boom created a glut.
In some neighborhoods -- the far West Side, Downtown Brooklyn, Long Island City -- planners looking decades ahead are creating development rights for new high-rise office buildings, despite a recent glut of office space.
On May 13th the International Energy Agency, representing the main oil-consuming countries, said a global oil glut was building, as Saudi Arabia pumped oil frantically in a continuing battle for market share with American shale-oil producers.
