Thread: Property prices in India

Originally Posted by livelyfire

@sweetangel: It doesn't matter people are poor or rich. Roti, Clothes and Home are their rights. I am not talking about buying real estate by poor. But they must have a shelter. And education is the only thing by which they can survive. I just admire the education policy of Bihar Govt. Many kids from poor families and girls are started going to school.

Of course the need of shelter, clothes and food is everyone's right but still government cannot provide these things to all poor people as they cannot earn bread for themselves. it is not at all possible to provide homes to these poor people as the quantity is quite high in india. Moreover poor people need food more than home as they cannot survive without food but can do without homes.

India's Blooming Property Sector:

Amidst relaxed policy methods, market corrections, recovering demand, India's attractive property sector reported lucrative direct foreign investments worth US $2.8 billion. Owing to government initiatives, improved capital markets accessibility, sustainable operating-performance Indian property sector have a promising future.

Well with the information posted here above only gives an inference that property prices are going to soar up and its going to become impossible for even middle class people to dream of buying a home. So i think govt. must tackle the prices of properties unless there is a sustained growth in even low lying sectors and improvement in earnings of people.