Tuesday, February 5, 2013

Budget 2013 Affordable Housing to get an Infrastructure status

The definition of affordability and affordable housing should have been defined by the Minister. In Mumbai a 400 Sft house in a far off suburban costs anything between Rs 20 lakhs and 40 lakhs. A salary of a Govt servant or a school teacher or lowest grade staff may be in the range of Rs 10000 and Rs 20,000. In case such a fellow has a family of Four members including himself he cannot afford to dream of  owning a house in life time after meeting his family expenses, education medical , travel expenses etc which have skyrocketed beyond the imagination of any economist worth the name. The affordability if linked to corruption then many do not become eligible as majority of the people with all problems try to maintain some honesty dignity and straight forwardness. The housing has become so costly that those who earn salary in lakhs and make black money only can afford. That is the ground reality. Dr.t.V.Gopalakrishnan   (This comment in respponse to an article 2013 Housing to get an infrastructure Status appeared in ET dated 5/2/13)

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