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India needs tough realty regulations

Posted on 09 April 2013

The Indian public is getting desensitised to the extent of corruption and apathy that it is subjected to daily. The will to fight against the excesses and greed of government servants and those who circumvent the law to gratify their needs is eroding.
The Thane tragedy in Mumbai is a glaring case in point. At least 74 innocent people have lost their lives and everyday there are fresh reports of builders who have raised illegal constructions across the state of Maharashtra with the blessings of government officials in return for bribes. It seems the Thane incident is just the tip of the iceberg, as startling facts are still being brought to light. It distorts the view of Mumbai’s expensive real estate market, where there is now proof of construction on land that is fraudulently acquired in collusion with officials………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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