The property rates are seen going high day by day. The prices of the housing properties are actually touching heights and its becoming tough for the buyers to fetch a house for them and their family. Buying a house in cities like Delhi or Mumbai has become almost impossible, with the prices of the properties there, touching heights. This can be seen as a positive sign because of the increasing prices is a resultant of the increasing demand of the housing property in these areas. This is the profit making time for the people involved in the business of real estate. But, if we see from the buyer’s point of view, he has to pay extra money to the dealer, due to the excess demand.
The space is limited, but the number of people, wanting to reside in that space is increasing. Many factors like migration due to job, education, livelihood, can be held responsible for the increase in demand of the housing property in certain areas. Area is a problem and this needs to be sorted out by the government, municipality division and the property developers. This is entirely their responsibility that every citizen of the country gets proper space to live. The upper strata of the society definitely get a posh space to live, by paying more for the same space. But in case of the people will low salary packages, they are left with no option other than to set up slum areas, which are tagged as illegal by the government and then deconstructed.
In all this the common man has to suffer. Every business needs to flourish, so does real estate also, but not at the cost of the common man’s sacrifices. Equal attention needs to be given to both the sides, so that no one has grudges against the other. The government needs to come out with some property designs, which are comfortable and in the reach of the common man, making each individual a proud owner of his house.
No comments:
Post a Comment