Residential prices in other cities, Streaming of middle east events, no stable win
As we did a report on circle rates in the national capital of delhi, quick came the rebuttal in some papers of existing prime residential prices. Cities mentioned and rates galore went like this (prime residential prices in rs/ sq ft) monaco - 339723, HK - 293944, London - 283215, NY- 174362, Dubai - 40455, Delhi - 33400, Bangalore - 18600. Whom we are trying to fool. The pressure of population on land in the countries where these cities exist and country of India where the city of delhi lives has a huge never-ending gap. In the cities of Monaco, Honk Kong, London, New York and Dubai, the countries where they reside and renovate, they have fewer population and fewer migrating to the city in search of livelihood. One can make a case of a labour force here or an entrepreneurial class there on a rising scale but not at the level at which the national capital of delhi lives with and the amount of pressure on land in the city and the entire country that one comes across. Some tend to justify that residential prices in rs /sq ft - even from prime residential prices prism - in delhi is fairly less than that in Monaco, Hong Kong and London.
Here the US and cities need to watch out for. The boiling anger too has its roots in high land rates. Too up the revenue issuing tickets here and there does not show well. Reading about a lady with two kids who was issued four tickets and bail for each came at 500$ apiece showed the utter callousness of the authorities. As land prices have to be kept low so has to be the need to refrain from such ticket-issuing tactics.Some would argue Fox News, ABC, CBS, Bloomberg and other channels need to stream news/events from middle east, showing the positive pursuits thereby giving a voice of arab people and a chance to see the US they live in is the country they believe in. Simply yelling jehad on plane is no big issue when memories about reclining seats and the emanating heat are still not far away. Here one gets a reminder about CCTV channel in China and the mammoth coverage and mammoth eyeballs it gets. China on its own would have not believed that Olympics of 2008 would leave it with a glut affecting its fundamentals. A 7 per cent growth rate is a task that looks somewhat unachievable. Here the housing glut, steel glut and commission/cuts that went preceding the games and after games has hit hard the nation. Some would argue it needs to build employment in rural areas, try to get more areas arable. If in agriculture it is able to make a stride that would at least take a fraction of the flak that its plummeting growth is facing with.
Justification for high residential prices
Coming to residential prices in India, Are the number of people covered in MNREGA in the entire country is same as the scale of people being supported in other countries/cities by some other form of arrangement. Circle rates and the tendency to curb it should have been set in motion way back in the 80s. You had municipal bodies to do that and if they had done that it would have mirrored the real chasm that defines the underdeveloped from emerging economy. Getting a handful of report in foreign publications does not deliver wonders. You tend to sell yourself as emerging economy and so all the more justification for residential prices to remain high. Real estate leaks and liberty have played havoc with nation's pursuit to maintain order. Eighties you could have come heavily on real estate, their folly year after year and the resultant inability of others to act fairly. Schools, private institutions and other bodies have much to cheer with this nexus among law enforcers and law breaking winners.
Blaming the liberalisation endeavour for the ensuing mess in real estate won't be correct. Much before that the efforts to make the land and dwelling of not the scale of a limo out of reach of common man had been set in. Real estate rantings of the 80s pushed some towards a goal where flats could be offered in the city or outskirts at a price determined by them. Prices they determined and dethroned were those part of the populace who had never imagined that flats could be coming at this high range.
Admissions to Kendriya Vidyalayas
To keep the govt coffers up and running increasing the circle rate time and again was a resourceful alibi. North east, ladakh, kashmir, bengal and South among others are areas from where people come to gain employment and gain a roof over their head. Nothing is local about the city, each individual is as local or as liberated as anyone else. Admissions to Kendriya Vidyalayas see majority being secured by those kids whose parents are either on deputation or designated to serve here. At least some people hailing from other regions of India are able to secure admissions in KVs. As for public schools, with school fees touching roof, the bulk comprise of those with skyrocketing salaries or income. Had the circle rates been kept low, at least a sort of control could have been exercised on these public/private schools. Huge circle rates opened doors for arrogance and tv theatres across cities were comfortable pursuing their side of stories as they could afford to pay high circle rates and high salary for which their staff was not willing to wait.
Jubilation for what, let liberal voices be heard
There has been a jubilation of sorts over the surprise win which some believe won't be a stable win. Elections show that extreme positions taken and giving threats that your so-called enemies would be pummelled has won them seats. It seems voters do get swayed by such rhetoric.Those with liberal voices and having shown the liberty to reach out to the other side have not been given requisite number of seats.That does not mean the other side with five to six seats more would be giving a stable coalition. It is time for liberal forces to come out of closet and try to bring a coalition that appeals to all. Still the man with liberal outlook has done exceedingly well, with an agenda that he would reach out to others.
As we did a report on circle rates in the national capital of delhi, quick came the rebuttal in some papers of existing prime residential prices. Cities mentioned and rates galore went like this (prime residential prices in rs/ sq ft) monaco - 339723, HK - 293944, London - 283215, NY- 174362, Dubai - 40455, Delhi - 33400, Bangalore - 18600. Whom we are trying to fool. The pressure of population on land in the countries where these cities exist and country of India where the city of delhi lives has a huge never-ending gap. In the cities of Monaco, Honk Kong, London, New York and Dubai, the countries where they reside and renovate, they have fewer population and fewer migrating to the city in search of livelihood. One can make a case of a labour force here or an entrepreneurial class there on a rising scale but not at the level at which the national capital of delhi lives with and the amount of pressure on land in the city and the entire country that one comes across. Some tend to justify that residential prices in rs /sq ft - even from prime residential prices prism - in delhi is fairly less than that in Monaco, Hong Kong and London.
Here the US and cities need to watch out for. The boiling anger too has its roots in high land rates. Too up the revenue issuing tickets here and there does not show well. Reading about a lady with two kids who was issued four tickets and bail for each came at 500$ apiece showed the utter callousness of the authorities. As land prices have to be kept low so has to be the need to refrain from such ticket-issuing tactics.Some would argue Fox News, ABC, CBS, Bloomberg and other channels need to stream news/events from middle east, showing the positive pursuits thereby giving a voice of arab people and a chance to see the US they live in is the country they believe in. Simply yelling jehad on plane is no big issue when memories about reclining seats and the emanating heat are still not far away. Here one gets a reminder about CCTV channel in China and the mammoth coverage and mammoth eyeballs it gets. China on its own would have not believed that Olympics of 2008 would leave it with a glut affecting its fundamentals. A 7 per cent growth rate is a task that looks somewhat unachievable. Here the housing glut, steel glut and commission/cuts that went preceding the games and after games has hit hard the nation. Some would argue it needs to build employment in rural areas, try to get more areas arable. If in agriculture it is able to make a stride that would at least take a fraction of the flak that its plummeting growth is facing with.
Justification for high residential prices
Coming to residential prices in India, Are the number of people covered in MNREGA in the entire country is same as the scale of people being supported in other countries/cities by some other form of arrangement. Circle rates and the tendency to curb it should have been set in motion way back in the 80s. You had municipal bodies to do that and if they had done that it would have mirrored the real chasm that defines the underdeveloped from emerging economy. Getting a handful of report in foreign publications does not deliver wonders. You tend to sell yourself as emerging economy and so all the more justification for residential prices to remain high. Real estate leaks and liberty have played havoc with nation's pursuit to maintain order. Eighties you could have come heavily on real estate, their folly year after year and the resultant inability of others to act fairly. Schools, private institutions and other bodies have much to cheer with this nexus among law enforcers and law breaking winners.
Blaming the liberalisation endeavour for the ensuing mess in real estate won't be correct. Much before that the efforts to make the land and dwelling of not the scale of a limo out of reach of common man had been set in. Real estate rantings of the 80s pushed some towards a goal where flats could be offered in the city or outskirts at a price determined by them. Prices they determined and dethroned were those part of the populace who had never imagined that flats could be coming at this high range.
Admissions to Kendriya Vidyalayas
To keep the govt coffers up and running increasing the circle rate time and again was a resourceful alibi. North east, ladakh, kashmir, bengal and South among others are areas from where people come to gain employment and gain a roof over their head. Nothing is local about the city, each individual is as local or as liberated as anyone else. Admissions to Kendriya Vidyalayas see majority being secured by those kids whose parents are either on deputation or designated to serve here. At least some people hailing from other regions of India are able to secure admissions in KVs. As for public schools, with school fees touching roof, the bulk comprise of those with skyrocketing salaries or income. Had the circle rates been kept low, at least a sort of control could have been exercised on these public/private schools. Huge circle rates opened doors for arrogance and tv theatres across cities were comfortable pursuing their side of stories as they could afford to pay high circle rates and high salary for which their staff was not willing to wait.
Jubilation for what, let liberal voices be heard
There has been a jubilation of sorts over the surprise win which some believe won't be a stable win. Elections show that extreme positions taken and giving threats that your so-called enemies would be pummelled has won them seats. It seems voters do get swayed by such rhetoric.Those with liberal voices and having shown the liberty to reach out to the other side have not been given requisite number of seats.That does not mean the other side with five to six seats more would be giving a stable coalition. It is time for liberal forces to come out of closet and try to bring a coalition that appeals to all. Still the man with liberal outlook has done exceedingly well, with an agenda that he would reach out to others.
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