Q:Can someone give me information on the Indore Development Authority's project on building more number of low cost houses? Won't it boost real estate value in the city?
Latest Answer: Even builders are getting very annoyed with these schemes. They feel that is their services need to be rendered towards the poor for free then why can't other sectors apart from real estate also do just that? For example why can't a hotel owner give free food to the poor? Based on this thought process, the government was willing to make funds available to these private builders on cheaper terms and many incentives have also been provided to them. I really doubt that the increase in low cost houses will have a direct effect on real estate in the city. I don't even think enough low income groups will invest these houses because they are used to very bad civic facilities always. And they probably feel that they won't really stand to gain from this anyway..
