Friday, December 26, 2008

Builders Selling Small Number of Super Luxury Apartments are Fringe Players Nationally!

I dont understand what is the big deal in building fancy housing for 0.01% of Indian population. This satisfied the years of latent demand created for housing due to the job creation done mostly by IT offshoring industry. The recent push by the Government and incentives including classification of loans below 20 Lakhs as priority sector lending are very welcome. However, we need to understand that a house is a 'manufactured good'.

The Indian Real Estate Industry is 'Primitive' till the time we can mass produce at least 10 lakh of functional, decent homes per year that provide hygeinic living conditions and create decent neighborhoods. Let me illustrate this with an example -
To read more, please, visit - Frank Opinions of NRI

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