Train to Srinagar, Gulmarg, Pahalgaum? What an idea
!
If there was a mrket in state bonds and shares, one would buy J&K shares or bonds.
IR is bringing not only the train but the Indian economic boom to J&K looks like. Imagine, rich Hyderabadis, Malayalees, Gujaratis and of course Delhi, Calcutta, Bombay, Chennai, Bangalore wallah's.
Now, J&K is not poor or a BIMARU state to begin with. Even traditional BIMARU's are not what they used to be 10yrs. ago.
Bihar and Rajasthan are moving along, the DFC rail corridor will change MP. UP?
But J&K's gonna go places with the train, what else could one ask for? Maybe a second rail link to Shanghai, Hong Kong and Beijing.
Question?
The American economy produced railway barons of repute during the go-go robber baron days.
Vanderbilt, Carnegie, Mellon even Rockefeller's directly or indirectly profited from the US rail boom.
India's rail boom of its time must have produced it's own share of tycoons. I suspect it was a deeper, bigger boom then the US re: population and resource demands of India. Where did the money go. I never heard of the original, colonial shakers and movers of the great Indian Railway system.
:off topic:
Nice to see real innovation in housing market.
A scheme to avoid paying EMI and rent simultaneously--_--------------------------------
A study by the construction company, Rustomjee in Mumbai shows that nearly 60 per cent of home buyers in Thane are in rented houses.
In a move to facilitate home buyers to own a house in the tallest building in Thane, Rustomjee has launched the 20:80 scheme at Azziano inside the Urbania township.
The plan is based on Rustomjee’s study which showed that nearly 60 per cent of people buying a house in Thane are currently staying in a rented house.
This offer in collaboration with ICICI Bank is to support buyers who want to live in a self-contained integrated township, said a press release from the company.
Under the scheme, buyers will have to make an upfront payment of only 20 per cent of the cost and will not be required to make any monthly instalments or interest for the next two years.
The customer will save the interest cost on the 80 per cent of the value of the apartment during the period. Hence, the buyer will start paying equated monthly instalments to the bank only after two years.
The construction of Azziano is in full-swing as the Company has received all related approvals with respect to the same.
Also, buyers will have to pay only 50 per cent of the stamp duty under the Special Township Act.
The scheme helps buyers avoid the double impact of EMI’s as well as rent payments till the time of possession.
Rustomjee Azziano is a 31-tower residential project that includes a podium and 5 levels of car park. It is spread over 13 acres of lush green spaces, inside the 127 acre Urbania township and comprises of two and three-BHK homes.
It has modern living spaces, own commercial complex, retail and entertainment centers and padded play areas for children.
This offer, in collaboration with ICICI Bank, is to support buyers who want to live in a self-contained integrated township.
(This article was published in the Business Line print edition dated March 9, 2013)