Monday, June 28, 2010

Real estate - what ever pushed up will come down

Solar City will come up at Kadri.........also at Anantpur - (Published with much fanfare)

.Metro is a reality and realtors' are ready for yet another show

......................and finally, now, Vinod agarwal is out of FABCITY(Should have been published in the same way)

That is what it is.

Schemes are being announced. Once the scheme is announced, talk about development will begin. The future potential and future habituation will be calculated. The land available verses land required will be estimated. Huge gap between demand and supply will be surprisingly discovered. Huge opportunities will be intelligently spotted. And then, my dear friends, the game begins. Once again everyone in the system perfectly plays their own part. Politicians regularly make statements, Media publishes the stories and the real speculation begins at once. The relationship between the land prices and market prices will be broken. The prices go up as long as the game continues and as long as one can fuel this speculation. At the end, what ever that goes up comes down, so are the prices. The real victim is one who is at the end of this chain and that last one will invariably, with out any doubt, be a common man.

Therefore, do we need to get satisfy ourselves that it is but for natural that what ever that goes up will come down or do we need to think further, to aspire for a transparent system, that does not allow this kind of malafide speculation and allows only that information which is essential for informed decisions. Do we need to forget what kind of anarchies that took place in the name of FABCITY and how many have enriched themselves and where they might be now. And finally, don't we need to think, about those common men who have invested their hard earnings in and around this FABCITY, under the false presumption that they made a safe and intelligent investment.

The law of nature that what ever that goes up must come down is true but it is not applicable to what ever that pushed up. Ironey is that the scheme to push is immoral and is not illegal as it stands today.

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