Yes, I fully agree with Mr Deepak Parekh that the real estate in India is over priced. Since I am staying in Mumbai my concern is Mumbai\\\'s Real Estate Price which has never happened in the past, the uptrend is only continuing.
I recall that in the year 1995-96 a similar thing had happened. However, it could not sustain for long. Today there are only investors and actual users are very rare and the price is still holding. There is no sign of cooling down.
Our leaders are merely a spectators for what is happening today.
Our leaders should realise that in India, considering our population, large section of our people are middle class working and they can not afford such escalation. The Govts. slogan of ROTI KAPADA AUR MAKKAN is missing today. Government should ensure that low cost housing in Mumbai to be encouraged. Large section of our people doesn\\\'t require Swimming Pool, Health Club etc. a simple home, as they will not be able to afford the hefty monthly maintenance amount.
It is a fact that only a section of people have benefitted from our economic reforms.
