Chapter 169: The Indian Fairy 3

The job request immediately came to Beijing, after a short interval, in early July, the personnel appointment came, Liu Huifeng was appointed as an associate of the real estate department, this position is not high, low is not low, if her ability is high, she will soon be able to take charge of herself, and if the ability is not very good, then you can only be a clerk, this point, everyone is very clear. Liu Huifeng's joining of real estate, but caused a little shock to the real estate staff, originally Li did not have any real estate personnel, everyone knows that these people who come to India, most of them are related to electronics, new materials, and the others are just some accounting and legal personnel, it is rare to see people who like to do real estate, and now there are children of the Li family who do real estate, can they not be surprised! Speaking of which, it also made Li Mengze and Li Yudong feel embarrassed, the 14 children of the Li family who already have jobs, as well as the eldest son and eldest daughter of their three chariots, none of them like real estate, Li Ruyi and Wang Jing don't like it, even Xu Gangchuan is not the "junior subordinate" of the uncles, even these 11 daughters-in-law or sons-in-law do not do real estate, and the direct collateral of the entire family has no chance with real estate, which makes more than a dozen people of the older generation who received job requests overjoyed. It also made Li Mengze earn enough face in front of his friends, and his happiness made everyone jealous and helpless! Of course, it is one thing for this daughter-in-law to be willing to do it, and it is another thing whether she can do it well, and a few people dare not be careless at all, so let's start from scratch, so a letter of appointment was passed to the head 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 opinions of her colleagues, she was already immersed in some kind of entrepreneurial excitement, "not broken, not standing", perhaps, this is what Dad meant!

While Indians were still expecting a large-scale investment from the fairy, the fairy had already started a continuous investment process in the Indian real estate industry and began its two-year real estate investment journey.

India's real estate industry, like other industries, in the face of the economic crisis, rapidly shrinking, bankruptcy, a large number of buildings under construction were forced to emergency shutdown, large and small real estate companies have collapsed, one after another, the extent of its losses, more than many industries! In the world, the real estate industry is an industry with fast value-added, high yields, and heavy losses when there is a storm, and there are many companies that start from real estate and make enough money before moving to other industries. There is such a understanding in the industry that if there is a penny of money, you can invest at least three points of real estate, and then expand, rolling bigger and bigger, so real estate is considered to be a profitable, loan-based industry. But real estate is also an extremely unstable industry, and any market turmoil will cause it to lose a lot! In addition, real estate is also an industry that has been speculated, and its price is often surprisingly high, making it a paradise for adventurers!

In the world, due to the sustained 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 a developed country or a developing country, there is no essential difference. Even in China, after about four years of steady development, the economic crisis has been seriously damaged, and its losses have exceeded that of the electronics industry, and can even be compared with the new materials and biotechnology industry, Xixing alone has lost about 50%, and Li's related industries are the only ones with such heavy losses. According to Li Yudong's statistics, if you don't get rid of those real estates, only the 150 billion yuan of real estate will be dragged down by Xixing Company, and it is said that the value of the 150 billion yuan real estate is no more than 30 billion yuan, and the worst thing is that these real estate needs at least 400 million basic maintenance costs every month; Of course, this means that these properties are still in their hands, and in fact, two-thirds of the owners of the properties have gone bankrupt and become scapegoats for the economic crisis of Western Star. If this is the case in China, the situation of Indian real estate companies is even more worrisome.

India's overall development level is much later than China's, when China's real estate companies enter the intermission, it is a period of rapid expansion of India's real estate industry, which has caused India's industry in this economic crisis to suffer particularly heavy losses, the extent of its losses and technology companies, more than equal, the overall shrinkage of more than 80%, large and small real estate companies bankrupt and bankrupt countless. A large number of unemployed people have not been able to repay the bank loans, the houses have been forcibly recovered by the banks, and the recovery of the banks has gradually been unable to do so, the banking industry itself has suffered heavy losses, many banks have even collapsed, and it is simply impossible to continue to recover the mortgaged houses, and the real estate companies cannot recover the investment, and they cannot repay the bank loans, a large number of new real estate cannot be sold, hotels and shops cannot be rented, and the investment cannot be recovered. Some people were still rich in society one day, and they were still spending a lot of money in hotels and dance halls, but the next day they were already penniless, or even without a place to stand, and many people could not bear this huge contrast, and ended their lives early, becoming victims of the economic crisis. More are the homeless and unemployed who cannot afford their housing loans, and although the weather in India is relatively warm, sleeping on the streets does not freeze to death, but they are also in a miserable situation.

For the collapse of the real estate industry, the fairy company has long had relevant information, in her investment strategy, there is real estate, but because real estate is an industry that lags behind the overall economic situation, so the project was placed in a relatively late acquisition sequence, until July began to acquire. According to the fairy's plan, it could have been delayed for a while, but all signs indicate that India's real estate industry has the possibility of further dragging down the economy, and India's homeless population is too large to continue, coupled with the continuous influx of homeless people, it is very likely to cause social conflicts, it is said that there have been demonstrations in some places, and ethnic conflicts have aggravated the trend...... Of course, the fairy does not want India to be in such chaos, although she does not want economic growth immediately, but if the downward trend can be stopped, she is willing to contribute to the Indian government. In the midst of the crisis, the grace of a drop of water will be able to be exchanged for the future spring of reciprocation, so the fairy company urgently decided to carry out real estate acquisition early, which led to a large number of follow-up personnel after the second batch of Li Weisen, and made the proportion of real estate personnel in India more than one-third, and there are still people scattered in!

Although the fairy started the real estate acquisition early, but the purchase price is not according to the existing market price to position, her explanation is that the shrinkage of real estate will continue, to "according to 85%" to settle, or even reach 90%, this is a rather harsh trick, so that some banks and real estate developers suffer heavy losses. But fairies also have reasons, first of all, the situation in India is becoming more and more chaotic now, it is difficult to predict when it will get better, and the fairies are taking too many risks. Secondly, the property that the fairy decided to buy, during the economic crisis, was basically rented out to the homeless and unemployed for free, whether it was an ordinary house or a restaurant or a hotel, whether it was a shop or a commercial building, without damaging the architectural decoration, the fairy basically provided accommodation to the Indian people at zero rent, which made her basically unable to recover her investment, and at the same time had to bear all kinds of losses. Fairy's investment policy, for the Indian government, is undoubtedly a huge help, the people to food for the day, for ordinary people, there is food and shelter can barely survive, if there is no place to live, wind and rain plus the sun, but it is difficult to survive the long days, which to a large extent can avoid the occurrence of social unrest. For every house acquired, they rented it to the homeless, and of course, they were not stunned philanthropists, and for every Indian who stayed in the fairy estate, a housing agreement was signed. The agreement stipulates that the fairy provides the house to the other party, the tenant shall not destroy the indoor facilities of the house, the fairy does not bear the basic water and electricity costs, if the economy is relieved, any real estate rented by the fairy, the tenant must give up unconditionally, every tenant, if he finds a job, no matter when, must pay a certain rent, the amount of rent is determined by the government department through negotiation.

The fairy's action is big enough and ruthless enough, from the first real estate acquired, the first agreement signed, it caused a huge repercussion in the society, the fairy's action, for her in India to lay an incomparable reputation and irreplaceable influence! The properties she acquired included houses, restaurants, hotels, and shops, and all of them were rented to homeless and unemployed people, often in one room or shared by several families. These homeless unemployed people completely broke the standard of accommodation, a few days ago, they were still shivering in the wind and rain, struggling to get by, I don't know when they lived, they lived in the high-end suites of five-star high-end hotels, and enjoyed the treatment of rich and noble families. During the entire economic crisis, most of the properties acquired by the fairies were rented out to those who were homeless, and normal business activities ceased altogether. Of course, the fairy did this, the price paid is also huge, any room, after being inhabited, will inevitably be polluted, leaving some traces, after these residents move out, they have to spend a lot of money to tidy up or redecorate, those rooms that are rented out, almost none of them are the original state. Naturally, the fairy did not embarrass the tenants who were in distress, and did not ask them to pay compensation, as long as it was not intentionally damaged, she maintained a moderate understanding!

In early July, the negotiators contacted some real estate developers and banks to try to open a gap from them. A real estate developer once estimated that according to the fairy's purchase price, after he sold all the real estate in his hand, he could only maintain a fortune. A large number of property is "deprived" by the fairy, and the bank is not willing to do a loss-making transaction, for these unwilling to sell their real estate developers or banks, the fairy does not do too much entanglement, the entire Mumbai urban agglomeration, only large real estate developers have dozens, the first batch of negotiators sent out by the company only have four or five groups, as the saying goes, the east is not bright and the west is bright, these dozens of relatively large real estate developers, how many days will the fairy visit again, "not in a hurry, we don't have much money, go to other houses to see." The fairy's negotiators patted their butts and left, and soon, the five teams visited the real estate tycoons in Mumbai, which can be regarded as the fairy's greeting in advance!

Some of the remaining banks in Bombay also held large amounts of real estate, so the fairies also tried to go from house to house, but unfortunately the banking sector was even more unhappy than the private bosses; So the fairy pulled the old partner in, which immediately accelerated the process of bargaining between the two sides, as for whether it can succeed, it is one thing, at least it speeds up the process of bottoming out on both sides! The news of the fairy's contact with Indian real estate immediately spread, and soon spread widely, and immediately took the initiative to contact the "fairy online" real estate developers, and the real estate developers boasted about the profitability of their real estate, saying that under the "management of the great and magical fairy", they will definitely win greater profits, as a result, a building worth 20 million yuan, it was reported at a "super high price" of 4000 trillion yuan, and these real estate developers also swore that "this is the most valuable transaction in India". It also became an adjustment to their lives in India, adding an interesting topic for their return to China in the future.

"Mr. Hana, please don't get excited, your company's industry, we are very interested, 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 company's investment vision is very unique. As you know, the 24th block building is the best building in all of Mumbai and one of the best in all of India. Mr. Hana said desperately.

"Yes, Mr. Hana, that building in the twenty-fourth block is really good, and it can be ranked in Mumbai!" A said, this is a more pertinent statement, in the nearby blocks, the Monhill Building is indeed very famous, the geographical location is better, the surrounding environment is also better, the facilities are relatively complete, and it was once a famous place for shops.

"The company is very supportive of fairies entering the real estate industry, so we made a price of 100 million yuan to the fairies to express the sincerity of cooperation." Mr. Hana's eyes lit up, this is a good price, you must know that this building has not been sold for 300 million before.

"100 million is not much, but now it is a little too high, your company seems to be overestimated, can it be lower?" A frowned, Indians always overestimate the market value of their properties.

"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. Hana asked nervously, it is said that the fairy's employees are very good, and they can talk too much, and any person can decide the direction of the negotiation.

"35 million, your company's situation is more complicated, what do you think?" Jia paused and said, taking a sip of water after speaking.

"3500, too low to pay off the bank loan." At the end, Mr. Hana covered his mouth with a strange expression.

"It's okay, your company's buildings in the 32nd block and 34th block are not as good as the 24th block, but 45 million is still worth 45 million yuan, a total of 80 million yuan, which should be about the same, plus the funds on your company's books, it is almost enough to repay the loan. What do you think? Otherwise, let's say hello to the bank and ask them to take a break for two or three days, and you can think about it? Employee A said sincerely, with the relationship of the fairy, 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.

"What about a few days of delay for the bank? Two days or three days? Mr. Hana. Employee A asked with concern, knowing that the bank's repayment deadline was approaching.

India's real estate developers are not only suffering from the shrinkage of assets caused by the economic crisis, but also the fact that real estate cannot be rented out, and those rented out cannot be recovered recently, and banks are chasing their butts for loans; Banks also want to ease the pressure on real estate companies, but this is obviously a bottomless pit, if the economy does not recover, the real estate industry will not be able to cheer up for a day, and the bank will not be able to recover the loan for a day. The bank does not recover the loan, on the one hand, it increases its debt risk, on the other hand, it aggravates its own operational difficulties, maybe there is a problem in which link, it will close its doors and go out of business, and if it does not ask for a loan from this real estate company, then the loan of another real estate company may also be lost, and the loan of the real estate company can not be recovered, so the loans of other industry companies are not much worse, not to mention that there has never been mercy in the business field, and there has never been sympathy, even if the father and son are fighting each other. So I had to bite the bullet and forcibly recover the loan. Some real estate companies can barely repay the loan, and some real estate companies are really more than enough and not enough, so they have to offset the low price of real estate to the bank, and gradually the real estate in the hands of the bank has increased, which greatly increases the burden of the bank, and the bank still lacks liquidity, forcing the bank to formulate measures to no longer accept the mortgaged real estate. The bank is reluctant to raise the price, because they can't take these properties, and the fairy is not willing to raise the price, because she knows that these properties will still be transferred to her own hands, so she directly lowers the price from the root, and she doesn't want the bank to get a penny of profit. Therefore, in the end, it became a fairy and the bank to lower the price, and its price only reached 70% or 80%, or even 60% of the normal price. As soon as the real estate enters the bank, it is worth three cents, and for most real estate companies, it is better to sell to a fairy than to mortgage it to a bank; At the same time, the fairy also buys real estate from banks. The fairy is also unrelenting to the bank, because if the fairy raises the price in the bank, on the one hand, it feeds the bank, and on the other hand, it also increases the difficulty of buying directly from the real estate developer, and the fairy wants to let the real estate developer know that it is "more appropriate" to sell to her than to mortgage it to the bank.