Affordable housing

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This topic contains 0 replies, has 1 voice, and was last updated by Avatar Pradeep Dalal 4 years, 1 month ago.

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    Pradeep Dalal

    Dear Arvindji,

    The nexus between builders and politicians is well known. Lakhs of ready flats in metros are unsold as tax payers money was used to make them by corrupt congress politicians. And this is black money which they dont want to liquidate in present scenario. Because of their holding capacity the estate prices are steadily going northwards.

    Does this not amount to hoarding of a commodity which is so scarce in our metros. Conducting raids on builders will give you an idea of the exact no. Of unsold flats in Delhi. Also make a law that no individual can have more than 1-2 flats in his name. Also, project once completed, all the flats must be sold or else the builder will have to pay 3 times the property tax for the unsold flats.

    Hoarding of flats should become a crime. Once all these flats come for sale, the rate will fall by 30-40% and this will benefit the middle and lower class people.

    Hope you like this suggestion.

    Yours faithfully,

    Pradeep Dalal

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