The real estate sector is in crisis. The builders have been asking the Government to reduce the tax rates and stamp duties. But no action has been taken till now. The Government is not caring for this vital growth sector, which will surely see an upsurge. It does not have that foresight. It should be more future-centric and start doing things immediately to boost growth. All projects that have been inaugurated should be speeded up for completion. Only then will there be growth in the real sense. Residential Apartment Tripunithura are common nowadays and have gained some popularity because of the upcoming IT sector in our state.

The government is not working for development. The foremost thing it lacks is coordination. There is no teamwork. The finance Minister and the planning board chairman, both important Government functionaries for the State’s development are not on good terms. The division in the Cabinet is disrupting growth. Likewise the ministers are not experienced and the lack of a proper plan hinders development. The Government lacks even basic ideas like planned utilization of fund and time. All projects are cost and time overrun. Thus Kerala’s per capita debt is Rs. 20,000 which is the second largest in India. This clearly shows that the ruling front has become a burden to people not a relief. It is no use launching a lot of projects without any idea of how to complete them. In a small industries sector, the Governments contribution is mixed. The Government has launched a new infrastructure company, INKAL (Infrastructure Kerala Limited). There has been no development during last two years. Administration has been poor and Government has no will to implement anything successfully. Town planning rules have now been made applicable to all panchayat but they have no funds or land to start new projects. This is due to lack of vision.