The Hindu Business Line : Real estate

This is with reference to the article, "Pedestrian policy on real estate" (Business Line, March 20). The headline is ironical. The article argues that pedestrians should get better treatment!

The author has linked possible real-estate development to the telecom model. This is not a good comparison. Spectrum as a commodity cannot be compared to real-estate where there is a demand-supply mismatch. Orderly growth needs to be achieved by pragmatic dynamic rules, which rely on established town planning guidelines. Punitive taxation and strict enforcement of the rules will further assist in arresting unplanned growth.

Geetha Balakrishnan

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The RBI "has expressed concern over swelling asset prices and credit as these can lead to financial instability" (Business Line, March 19). It has cautioned against rising price of assets, particularly real-estate and stocks and banks' exposure in these sectors. In this context, the article "Pedestrian policy on real estate" suggesting that the Government should reform the real-estate business is relevant.

Though self-contained colonies come up on the outskirts of cities, transport problems crop up. More investment and liberalisation of FDI may be necessary . The biggest drawback is corruption.

In land-scarce places such as Kerala the apartment culture is picking up. Land ceiling and tenancy rules also need revision. The best solution is to move towards bridging the urban-rural gap.

A. Jacob Sahayam

Thiruvananthapuram

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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