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Realities must be banned
by Raghesh Vimala Mony on Jul 29, 2008 04:03 PM   Permalink | Hide replies

Instead of down trend in the stock market, the real estate mafias should be banned and for the time being sales of land property must be banned by law

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  RE:Realities must be banned
by ajay on Jul 29, 2008 04:17 PM   Permalink
what ru trying to say?...infact government should take more steps in alloting more land for mass residential construction which will bring prices within reach of ordinary citizen..its again wishfull thinking as our government has not taken any steps and will not take in near future as most politiciens have major stakes in reality business

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  RE:RE:RE:Realities must be banned
by johnson dsouza on Jul 29, 2008 04:21 PM   Permalink
I am trying to say that instead of selling land at higher prices to builder lobby for development govmt should allot that plot to agenices like MHADA and get it developed...

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  RE:Realities must be banned
by ajay on Jul 29, 2008 04:23 PM   Permalink
full y agrred got ur point... i was asking Raghesh

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  RE:Realities must be banned
by johnson dsouza on Jul 29, 2008 04:40 PM   Permalink
oh..m sorry..

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  RE:Realities must be banned
by johnson dsouza on Jul 29, 2008 04:11 PM   Permalink
nothing should be banned..the situation will get worst….instead the land should be handed over to govmt agencies like MHADA and ask them to develop it. MHADA needs to improve its quality standard and bring in fairness in its flat allotements..no one should be allowed to own two houses in MHADA....govmt wants to sale land at very high prices and hence they are holding back agencies like MHADA

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  RE:Realities must be banned
by Ram Krish on Jul 31, 2008 11:43 PM   Permalink
Johnson. We have spent 60 years and discovered that handing anything over to Govt only reduces value, delays things and sharply increases corruption. Would you really like to put the safety of people in the hands of Politicians and Babus in building the roof over your head (it may literally fall on your head at any time). Just check out ANY Govt developed housing and you will get the picture.

Govt must only exist to GOVERN! Not to run business. They should enact fair laws, regulate business and enforce Law & Order. This alone will achieve your goal - of ensuring fair price and good quality. Don't spoil things by asking Bereaucrats to run business. I have high regard for their intelligence and savvy. But, they are not trained for running business (only administration). And their political masters will not allow them to run things smoothly!!!.

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''We are headed for a distressed mkt''