big worry in India, as that country seeks to take its place as a
leading economy is the evidence that infrastructure is not keeping
pace with the building boom. Thats the thought of MIT Graduate
Rajiv Singh, vice chair of DLF, Indias largest residential
and commercial real estate developer.
company has completed 25 million square feet of property construction,
with another 45 million square feet under way. But the major hurdle
is road shortage. Now that import restrictions have been released
and anyone can own a car, the roads are chock a block
to use an English expression.
of my friends are considering how to cut out the daily commute from
I may proffer an idea, it would be to a build a complex: a dry dock
cruise ship, in effect. And like the famous vacation idea, well
live and work, eat and party within a few hundred feet, with all
our food and all our laundry done on site. We would have cabins,
some with balconies, and some with port holes, depending on our
needs, and wed have a walking track on top deck, with a helicopter
pad and gym, and we would not have to drive.
motor car business may go bust, but the guy with the land, large
enough to build the self-contained cruise ship village is bound
to make a mint.
the paradigms shift away from single household holdings, and adjacent
land, to large land parcels for self-contained efficiencies, it
may be worth looking for cheap idle land, rather than prime residential
purchasing such land we need to understand the power of eminent
domain. This is a feature of common law that allows any government
to demand your land in exchange for some equivalent cash or alternative
while it is important to title land with a proper deed, you can
still lose the land to the higher power of government.
Ive taken a flight into the future today, mainly because we
cannot continue to want land and property in the way weve
wanted in the past. We cannot own property the way weve done
in the past, and still maintain suburbs and city life. It probably
reads like a flight of fantasy!
thats only because Im debating for solutions, new ways
of doing things, new ways of creating wealth.
weekBack to reality real estate!