For the first time in four months, finance minister Arun Jaitley has called for a reduction in interest rates, saying lower rates would trigger demand for homes. Currently, interest rates are a disincentive. Now that inflation seems to be stabilizing somewhat, the time seems to have come to moderate the interest rates, he told TOI in an exclusive interview. Mr.Arun Jaitley , It seems you are still far away from the real truth. More than the rates of interest it is the fake overdose of Real Estate pricing that is not even worth half the value of what they demand , and no. 2 unless you dont put a curb on the absurd system of officially asking for the money in black by the builders from the common man how do you visualize putting the industry on the tracks. It is surprising that a man who hardly earns a small living in white and doesnt know the meaning of black money feels slapped barely on the face when asked for 50-60% in black and he doesnt have a penny of that kind. It seems you are being given advises from the same bureaucratic sleuths who paved the way for Congress to where it should have been long ago...!! Better change your strategy and dont copy your predecessors..., it is high time..!!
Posted on: Sat, 25 Oct 2014 07:31:09 +0000