Time to look at the common man

..... Once there were signs of the country coming out of recession in 2009-10, the builders again went on developing only luxury homes. Banks went on funding such high-end projects in a big way, even ignoring the RBI's cautions. And HFCs also followed suit in a bid to not lose the market share. Today, if the real estate sector is tottering in high debts, low liquidity and tepid demand, it is because of excessive exposure to high-end projects. The situation has been invited by both the builders and banks and as such both should be equally blamed. The builders should understand that by developing affordable housing projects, which is a long-term viable business preposition, the value earned from focussing on the deserving masses would be more than satisfying.....

Read - The Hindu