Tuesday, December 9, 2008

(They can’t get no) Satisfaction

Should we call it policymaking by inertia — to do nothing until external conditions force a reaction? Or policymaking by habit — the wait-and-watch, one-step-at-a-time method in the ongoing economic madness?

But when it comes to the absurdly high margins in a competitive sector like real estate, which on Sunday got a boost for low-income housing, the reactions were muted.

For an industry whose net profit margins are 50 per cent — of the Rs 50 lakh house you bought, Rs 25 lakh went to the builder as net profit after taxes — we didn't hear one word about low-cost housing or price cuts. Instead, between DLF, Unitech and Parsvnath, the best reaction was ‘a good first step’.

I’m no votary for controlled pricing. But when I see my taxes go towards supporting the high margins of real estate firms while I continue to be houseless, it offends my sense of economic justice.
To read more, please, visit - - Hindustan Times

Subscribe for free to receive hot Pune real estate news, views and reviews:

1) Ravi Karandeekar's Pune Real Estate Market News Blog

2) Ravi Karandeekar's Pune Real Estate Investment Blog

3) Ravi Karandeekar's Pune Real Estate Advertising and Marketing Blog

4) Ravi Karandeekar's Pune Real Estate Blog

5) Please, feel free to call me on my mobile +91 98600 44110! I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so i do not charge anything for the first 8 minutes!)

6) Please, join me on Friendfeed, to share news articles, family photos, interesting links and videos and let us discover and discuss information!

Visit Ravi Karandeekar's Pune Real Estate Blog Group and join for free to receive updates of all blogs!

No comments:

Post a Comment