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The recovery in the real estate sector (Home Truths, BT cover, July 25) spells good news for Indian industry at large. Real estate is one of the largest employers in the country, and has backward and forward linkages with about 250 industries. Sectors such as cement, steel, building material and others stand to gain from the rebound.

- Vineet Achyut, Delhi

Avoid Overkill
Having burnt their fingers in the property bubble burst of 2008-09, I wonder if real estate players are playing out their priorities well this time around. Your story points to a flurry of residential projects being launched at breakneck speed. This is the kind of development that should raise alarm in our minds. An oversupply in the residential market could again create huge mismatch between supply and demand and lead to market anomalies.

- Bal Govind, Noida

Small is Big
The rise in the number of small developers offering cheap housing, along with the easy availability of bank funding for both builders and buyers, is aiding the recovery in real estate. Of late, small developers have come to control a major portion of the residential real estate market in cities such as Bangalore, Pune and New Delhi's suburbs like Noida and Ghaziabad. In a corrected market, these small developers are offering apartments at discounted rates and they are finding willing takers.

- Shashi Shekhar, Bangalore

Steely Resolve?

L.N. Mittal's Long Wait (BT, July 11) not only focusses on the steel magnate's investment plans for India but also gives out the investment scenario for the steel sector in the country. While Karnataka has been able to chalk up potential investment to the tune of Rs 2.73 lakh crore in the steel sector alone at the investors'meet held in the state recently, one hopes Mittal's plans for setting up steel plant in the state do not meet the fate it has in Jharkhand and Orissa.

- B. Rajasekharan, Bangalore

Corrections

Ranbaxy's New Glow (BT, July 25) reported the company's staff numbers at 4,000; it is 14,000. Also, Ranbaxy has clarified that Daiichi Sankyo's new unit Daiichi Sankyo Espha, not Ranbaxy Japan KK, will focus on generic drugs in Japan. In the same issue, a quote by Deepak Parekh carried on page 18 wrongly described him as Chairman of HDFC Bank. He's Chairman of Housing Development Finance Corp Ltd. The errors are regretted.

Waka Waka...Fantastic

Soccer buffs all over the world revelled in the Football World Cup (Time to Cheer and Bring on the Beer, BT, June 27). The championships not only captured the imagination of people across nations, the euphoria it generated surpassed any other development in the same period.

- Rajendra K. Aneja, Dubai