A famous English proverb says,
"Mother Nature have enough resources for everyone's need but not for everyone's greed."
How relevant is this proverb on today's date? Do mother nature today have enough resources for everyone's need? May be yes? but will we be able to say this say twenty years from now.
A theory says that the reason for extinction of dinosaurs was that they grew large in numbers. They were dinosaurs, with brain size equal to that of a lizard, but we are humans, the wisest species on earth, are we not moving the way dinosaurs did?
Consider this: How many open spaces we see around today? Take for instance a simple journey to nearest town by bus. What do we see? Skyscrapers, Real estate buildings, urban jungles. Now remember those farmlands, fields and forests that were visible during the same journey say fifteen years before. Where have they all vanished?
Number of vehicles running on roads of Delhi or Mumbai have far outnumbered the capacity their roads can handle. The average time for traveling from ITO to Noida or say from VT to Navi Mumbai has increased to double what it was just few years ago. While cities have gained vehicles that can run at 200 kilometers per hour and numerous flyovers.
The average salary of a person may have doubled or may be trebled and so are his expenses but somehow his wings are crumbled. Building have started growing vertically than horizontally. The clusters of skyscrapers that were a sight to watch have today become a great hindrance to sight that winter sun or that full moon. Even in small towns that terrace has disappeared.
Problems may have changed. Malnutrition is today replaced by obesity. Unemployment finds substitute in Work overload. Poverty is replaced by insecurity. Ignorance has paved way to different phobias. Scarcity of food is now scarcity for land to grow food. Epidemics may by far have vanished but newer diseases are there to replace them. Today it is not required to go to America or Europe for a Heart Surgery, but that probably has given people an excuse to have heart diseases.
The problems of yesterday were unemployment, illiteracy, poverty, ignorance.
But which of them were irreversible?
The problems of today are pollution, population explosion, terrorism etc.
Are they not irreversible?
Times surely have changed. But have they changed for better?
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The collapse of the Lehman Brothers and the buyout of Merill Lynch have not become a reason to frown for Indian realtors, as they are putting up a brave front and maintaining that there will be no impact on the real estate sector of the country. Lehman Brothers filing for bankruptcy will impact those Indian realty operators who have not structured their agreement carefully, according to Mr. Sanjay Dutt, joint Managing Director, Cushman & Wakefield. He does not foresee a situation where projects would get shelved. "Most of the funds that were committed have been delivered." Mr. Dutt is of the opinion that if projects get shelved it is mostly because of changing market dynamics and not because of a lack of liquidity. Experts think that in a bid to de-risk, these investment bankers would trade their private equity placements. India is still a growth story and as far as the real estate investment is concerned it is very attractive from a long-term perspective.For more view- realtydigest.blogspot.com
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