The tweet was deleted by the author.
But we saved everything 🙂.
Pushpendra Singh has raised concerns about an impending real estate crash, pointing to top builders nearing bankruptcy. According to Singh, market demand is silently collapsing each day, while agents continue to promote optimistic scenarios. The tweet suggests that a significant downturn in the sector could be overlooked by many industry participants.
Singh's warning comes amid skepticism about current real estate market narratives and highlights risks for both investors and homebuyers.
Singh has previously flagged the growing risk to the Dubai property market if remittance flows are disrupted by regional conflict, as reported here. He also noted Enforcement Directorate action targeting Indians purchasing Dubai real estate with credit cards, potentially violating FEMA rules in an earlier report. These earlier warnings follow his latest concerns about a downturn in the real estate sector.