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Thursday, December 26, 2024 | 07:42 PM ISTEN Hindi

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Letters: Affordable housing

The public sector (National Building Construction Corporation) should also be roped in

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With reference to “Unsold realty inventory may be taxed” (November 28), if traders hoard essential commodities, they face action from authorities. The prices of flats are astronomical, out of reach for the middle-class. How the builders are managing unsold inventory needs to be investigated. How much money banks have lent to the real estate industry needs to be discovered. Unsold inventory is in contrast to the economic theory of demand and supply. There is a big demand for housing as well as supply, but buyers are not able to buy. This is strange. Will the move to tax unsold inventory

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