THERE IS THE RUNAWAYMAN, OPPORTUNIST, UNFAITHFUL, DHOKEBAZ_,
THOROUGHLY CONFUSED PERSON WITH NIL ADMINISTRATIVE SKILL.
ALL BAD QUALITIES TOBE KICKOFF.
KIRAN BEDI :
SHE IS A MENTOR, FOR YEARS, SINCE WE WERE KIDS. SHE IS ULTIMATE IDOL FOR CRORES OF YOUTH IN INDIA. SHE IS IRON LADY, GOGETTER, GETTING THINGS DONE IN PROPER WAY, WELL DISCIPLINED, GOOD DISCIPLE, A SCHOLAR, SOCIAL WORKER, FIRST LADY IPS OFFICER OF INDIA, THE FIRST LADY DARE THAT TIME TOBE IPS OFFICER, GREAT ADMINISTRATOR, NON-CORRUPT ETC.
During the tenure of AB Vajpayee government, the inflation has come down to 3-4% and interest rates have come down to 6-7% and the price of essential commodities was at bottom. After the misrule of congress interest rate have gone upto 11-13% and inflation at double digits. It is clear that Ache Din are coming back. Kudos to Modi government.
For quite some time now the vested interest in the real estate lobby were spreading news that people are not able to purchase home due to high interest.But it is really not true. It is not the loan and interest part, but it is the sky rocketing prices, which nobody appears to be bothering. If the developers lobby do not bring down the price the govt must re introduce issuing or allotting plots to legally constituted cooperative housing societies who can get a building constructed at half the cost. Authorities must realize this fact so that the market price balance can be maintained. Let like minded people come together and form cooperative housing societies and get a plot either allotted or purchase a plot and construct one. Some NGOs can help this segment of people, or else the prices on,t come down.
Most of the home buyers are still not ready to buy the homes as the real estate prices are still at its peak and there is no cut in escalated prices. Secondly, even if the numbers on paper are showing cooling down of inflation, there is no practical impact of it on commodity prices in the market. And thirdly, the rate cut by RBI is just a nominal one which does not make much difference for a common middleclass home buyer. The writer must note these things.