Bill that stops government to acquire land for private companies

As a consequence of Nandigram, A Bill is currently tabled in the Indian Parliment to stop state governments acquiring land for private companies.

Private Organizations might have to cough up more money to acquire land for their projects in India. As the Indian Real Estate prices are on the rise, Companies might find that their projects might not be viable anymore because it would be a nightmare for anyone to acquire large pieces of land stretching 1000s of acres.

This Bill would surely affect the overall economic growth of India in an indirect way.

Houses cheaper than cars in Detroit

Here is a newstory from Yahoo.. Houses cheaper than cars in Detroit

As US Car manufacturers are struggling, Detroit - the automotive hub of US is vanguishing. This is in stark contrast to the booming real estate scenario in Chennai, which is fast becoming the automotive hub of India.

Just to Compare - even a 5 cents of vacant land in Vandaloor (about 10 laks), a place about 20kms aways from Chennai, is more than twice costlier than a 4 bed room house in Detroit..