Real estate prices will have to fall more if the huge amount of unsold inventory of homes needs to be sold.
It is about how electoral numbers stack up and nothing else.
The system as it currently stands is totally rigged against the buyer.
There would be more bang for the buck by concentrating on ill-gotten wealth that is still in the country.
No government in India can really go after illegitimate assets at home as they finance political parties, and in the process, elections.
The real test of deregulation will come if the price of oil keeps going up and the price of petrol and diesel cross the levels they were at when PM came to power.
How did property builders manage to have a free run for all these years when the Congress was in power?
Long story short — it would be next to impossible to get back any of the black money.