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High Rise: Navi Mumbai has come up with many multi-storeyed buildings in recent years. |
Realty prices have scaled upwards not only in Mumbai, but also in Navi Mumbai, Thane and Pune.
It is strange that prices have gone up in areas like Navi Mumbai, Thane, etc, despite long hours of load shedding, ranging from five hours to seven hours, shortage of water and lack of infrastructure and health services.
The pace of growth has been slow and dismal due to lack of amenities. It seems that builders are investing in these areas for their own profit.
There seems to be a nexus between builders, developers and brokers. They quote a higher price, which is much more than the real value, and are making money.
The government should take necessary steps to mitigate hardships of middle class people.
