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In response to a recent blog of mine about unregulated constructions in Himachal Pradesh, a discerning reader commented that he had done an online search for available properties in the state, and to his horror, found that 23,450 properties were advertised for sale/rent/lease between just Shimla and Narkanda, a stretch of 65 km or so. Even allowing for double counting, these figures tell a tale which our policymakers would do well to listen to. For what they tell us is that faulty policies and lack of vision or understanding of economics are making Himachal prime real estate up for grabs for whoever has the money and connections to exploit the system. But some background first.