Why Govt. does not take any action to regulate the Reality sector, as everyone knows that there is absolute anarchy in this sectors, which is virtually killing the interest of common people and in turn affecting the whole economy. Few of the factors are enumerated below:
There is no mismatch between the real (not inflated like cost of land etc.) cost of construction and selling price. Virtually the bunch of unscrupulous people have entered in the field, created cartel, spree in grabbing the land of urban areas with the help of unscrupulous politicians (one can see, how the builders are grabbing the lands, amazingly nobody is taking cognizance as to what is the source of their finance and yhe way it is hurting the common people) to kill the opportunity of common people.
Consequent to this, despite such heavy reduction in interest of lending rate, the common people are shying away from buying the house, and therefore the associated sectors, like cement, steels are also not improving.
Now why our leadership (Central and State) is not taking cognizance about the virtual robbery by the reality developers / builders i.e. the difference between real construction cost and the selling.
Why the administration and political leadership is not taking cognizance about the mushrooming of property brokers, basically the criminals elements.
Re: Why the REALITY SECTOR gets the patronage?
by deepesh unni on Feb 16, 2009 01:33 PM
If the realty sector fails, the banks would be sitting with a bunch of over priced assets and the bubble would burst. Hence to postpone this burstof the bubble , which was created due to the lethergy of the rulers who ever it may be, now thwy are using the tax payers money to protect this bubble. When the real estate tycoons took away the abnormal gains no body cared. Now even their nominal losses would be protected. While the am admi's taxes can be used for protectng the interest of the rela estate, hbis dreams of a home can not be met and nobody will ever tell of the price cuts in this sector.
Re: Re: Why the REALITY SECTOR gets the patronage?
by historyrepeats on Feb 16, 2009 02:57 PM
Common Man spends 30 to 50 % of its income on either paying EMI or House Rent . Where they have excess money to spend on Lavious things like Car.
As per estimate, major population do not have their own house.
No man will go to bank for Home Loan if property prices do not fall by at least 200 per cent.
Recession is going to stay for long if property prices don't crash. We are a victim to the excess greed of Builders and Property sharks . In last 5 years, only Mall and Multiplex were built in the name of Realty development. Only few residential projects come up and that too in High end segment ( prices range from 20 Lacs to 2 Crore) Much away from the hands of Co
Re: Long live UPA
by PRAKASH NAIR on Feb 16, 2009 02:08 PM
heray ullu still everyday farmers sucide where he get four laccccccccccccccccs. only lack of fund. only ministers get benefit. people get unfit
Re: Long live UPA
by Sashi Nair on Feb 16, 2009 01:43 PM
THERE ISNOTHING WRONG WITH THE GOVT. OR THE MINISTERS, OFCOURSE SOME THING SEEMS TO BE WRONG WITH US THE PEOPLE WHO CAST THE VOTES TO ELECT PERSONS LIKE THESE -
Stupid congress knew they failed miserably this year hence tried to aggregate its 5 years performance and fool the aam aadmi. Unfortunately it has failed it aggregate also.
there is no mention abt the monetary measrues/fiscal measures etc for the individuals and the corporates who were expecting a lot in view of the current turmoil in all spheres of the life. It talks about the numbers of last 5 yrs of govt and nothing what will happen in 6-12 months.
Rail budget was a clear cut failure -only Bihar PRO. Enough of them now. We have to change the system.We need good people to come forward and take up the power.
Prices have more than doubled in 4 years, dal at Rs 50 per kg, milk a Rs 30 per litre, everything including washing your own clothes is now taxed, jobs are disappearing, industrial production is down, education is in doldrums, more and more seats are nor reserved, health care is only for the ministers, terrorists are attacking at will.
Re: What i understand
by Sound Music on Feb 16, 2009 01:19 PM
I can understand your height of ignorance when you state UPA as the sole reason for all the above. God Bless You..!
Be careful this time. Everyone has seen the govts of Congrss and BJP alliances for past 10 years. You know very well the wrong decisions taken by both of them. This elections be careful - You have to elect good candidates. dont get biased with any particular Party name. You need to elect the BEST this time. Be careful !!!!!!!
Re: You have to decide now....
by RAJESH GARG on Feb 16, 2009 01:17 PM
What's the use watch Indian great democracy vote gain for Rahul & Gandhi HUF vote to power and with likes of Mullayam, Lalu, Paswan dalla... it will form next Govt
Presenting the interim Budget for 2009-10 in Lok Sabha, on Monday that UPA Govt has been made to fulfil promises made to the uncommon people of India.They dont bother about for middle class and poor people. They are for only rich people.Private banks are exploiting the middle class of people of India, they are giving credit cards over phone and personal loans without verifing their capabilities,eligibilities when they unable to pay then they are sending goondas for recovery and disturbing their family life and insulting in front of others,encouraging for suicide,is it correct way to take back their outstanding with illigal charges with 48% interest per year,who wil think for this common people.
Re: Budget for 2009-10
by Imsai Arasan on Feb 16, 2009 01:28 PM
Why do you fall into the trap? Almost all the private banks try to reach the defaulters with very decent approach for atleast 3 or 4 times. After their decent attempts proved frutile they are forced to take other ways to collect. This is 100 percent true.
Re: Re: Budget for 2009-10
by Debashis Shome on Feb 16, 2009 02:39 PM
Bank is so big concern,if they are requesting and disturbing frequently for money,money ,money over phone to people of India, what you will do.Money is requiered for every middle class of people for their genuine needs or to fulfil their dreams, to make money on honest way from share trading form Indian market,or small business,if they huge loos in the market or business what they will do !they will kill themself.Bank can take back their principle amount with unlimited EMI which will be no profit no loss scheme.
This government has completely fooled public only made election specches in budget only highlight 5 yeaRs tenure results, but they forget, it was NDA which led them sustain the growth for 5 years
first, in current recession they left the country in lurch with no change at all for any thing except defence and a few things no change in any tax rates, no change in housing loan, in next 4 month country will plunge into sea.
