Ever con­sid­ered the prob­lems of buy­ers?

HT Estates - - HTESTATES -

Na­gin Chand, a sci­en­tist with the govern­ment of In­dia, is among the buy­ers who are pay­ing EMIs from prov­i­dent funds. Chand says the govern­ment should be em­pa­thetic to the farm­ers is­sue be­cause the ac­qui­si­tion will cre­ate mul­ti­ple prob­lems in the vil­lages.

“There are three cat­e­gories of farm­ers in these vil­lages. The first cat­e­gory are rich and well-off, the sec­ond are the mid­dle and smaller ones and the third are the land­less field work­ers who make both ends meet by work­ing on oth­ers’ farms. The govern­ment should not only com­pen­sate the first two cat­e­gory but they should also have some re­ha­bil­i­ta­tion pro­gramme for the third cat­e­gory of farm­ers, who will other­wise lose their jobs and in­dulge in anti-so­cial ac­tiv­i­ties,” says Chand.

Home­buy­ers who have in­vested in de­vel­op­ers’ projects for short-term prof­its are also not happy with their in­vest­ments. They al­lege that prices have been ar­ti­fi­cially ap­pre­ci­at­ing but the ground re­al­ity is that there is com­plete price stag­na­tion in the mar­ket.

Seema Sharma, a home­buyer, says she bought two res­i­den­tial units of 1BHK and 2BHK in a group hous­ing project in 2012 on Ya­muna Ex­press­way at a cost of 18 lakh (for the smaller unit) and 27 lakh (for the big­ger one) but the prices have not ap­pre­ci­ated.

“The mar­ket will dis­ap­point the short­term in­vestor but those who want to stay in­vested for more than seven to 10 years will def­i­nitely ben­e­fit from it. I am not dis­cour­aged as had planned for long-term in­vest­ments. I am con­fi­dent that the area will de­velop in the course of a few years,” she says.

BURHAAN KINU

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