Unbelievable !!!

This is a follow up of Jagan's post on real estate prices in India, particularly in bangalore and chennai. I'm really at loss of words here. agreed its a seller's market when demand rises. but I do feel there should be a limit. prices are going up by atleast 10% every month. thats an unbelievable and ofcourse unrealistic growth.

an apartment in the outskirts of bangalore city costs about 60 lakhs. people are still going for these apartments. I know IT companies offer interest free loans to some of their employees, but is everyone in bangalore/chennai offered the same? to rent these apartments also costs a fortune, thereby making the city virtually un-liveable.

astronomical growth in select areas could be very harmful for the economy. its more sustainable if it could be spread out.

any accountability at all ?

"15 Kgs of free rice every month to most of the families" ... "rice at 2 Rs/Kg" ... "free color tv for all" ... "500 Rs a month for 3 yrs for all women who gave birth to a child"

these are some of the most dirtiest elections promises being made right now in tamil nadu. and there are hordes of people that buy these promises. I wonder if there is there any agency that monitors and controls political parties from making such ridiculous promises. if at all the state govt ends up fulfilling atleast one of the above promises for a limited period of time, where are they going to get the money from? do these people know anything about fiscal responsibilty and budgets at all?

previously when DMK made such promises, they had one of their own partymen obtain a stay order from the high court against such schemes. this they used as a shield from not implementing the promised scheme. ha, what a clever and cunning move by karunanidhi. he is at it again, and I wouldn't be surprised if he succeeds in cheating the people once again.