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By Murari Chaturvedi
By Accommodation Times (www.accommodationtimes.com)

Land is the single most important ingredient for any development anywhere in the world. Unfortunately in India, land management system is in the state of gross mismanagement. Countries extensive agricultural land management system has collapsed. In India, we have 264 million hectares of land is fit for vegetation. Out of this, 142 million hectares is cultivated and managed by private land owners. The balance, 122 million hectares is uncultivated public lands, comprising of 67 million hectares under the forest department and 55 million hectares under various other public authorities, which include state revenue department, panchayats and other local bodies. The publicly held lands are the most valuable source for forest products like timber, pulp, fuel wood, fodder etc., which are life line to the rural as well as urban population. In addition, these are the lands which are maintaining ecological balance in various geographical locations. The pathetic state of affairs in land management and utter confusion due to the out-dated laws and regulations are doing maximum damage to our national wealth. Courts are full of litigations over the lands and property. Even after centuries, the laws governing various aspects of land holding and use have not changed or modified to cope up with present day needs. In fact no coherent land management system exists at any level. Land consolidation schemes decades back failed due to defective implementation. On August 8, 1994, the Union Urban Development ministry unveiled National Housing Policy, envisaging a major shift in its role that of builder to facilitator. The policy was aimed at reaching out to homeless and vulnerable sections of society. But in the absence of proper land management system and implementing agencies, hour the government can thunk of providing land is a moot question. The out dated system and corrupt officials are the biggest hurdle in the way of development of rural and far flung areas. The developers of farm houses, who are going yeoman services in this sector, by bringing urban money for the development of rural areas, are not in a position to do so, because of the out-dated laws. For example even for hall acre farm plots the purchase has to be farmer. The farm house are mostly being developed in hilly areas or on wasteland. State forest department, which owns well over 67 million hectares of land, are totally incapable of managing the forest land resulting massive corruption and dwindling forest wealth. Government must wake up at least now and create better land management system.

By Accommodation Times (www.accommodationtimes.com)
Noida:
The Supreme Court has ordered to ban 21 branches of banks in Noida Sector 19 as they have involved in commercial activities in residential areas, as in the eyes of law this has illegal action. The sealing drive of 21 banks is likely to begin today. The drive will likely to affect [...]

By Accommodation Times (www.accommodationtimes.com)
Due to downturn in real estate market realty investors have set second homes as their new target for investment in property market. Hundreds of real estate investors are looking to invest in second homes to earn profit from this source, sources said. The most important point while investing in buying home choosing [...]

By Accommodation Times (www.accommodationtimes.com)
The quarter end December property market reports shows the record break drop in home sales comparatively in the previous three years, as this happening due to rising interest rates of home loans it has damaged the demand.
According to the Liases Foras Real Estate Rating & Research Pvt says that Mumbai is the [...]

By Accommodation Times (www.accommodationtimes.com)

The Fund marks the India Infoline group’s successful foray into the private equity space
Mumbai: India Infoline Venture Capital Fund (“IIFL VCF”), the venture capital arm of India’s leading financial services provider, the India Infoline group, today announced the successful completion of IIFL Real Estate Fund (Domestic) Series 1 (the “Fund”). The Fund [...]

India’s largest realty firm DLF has announced the start of construction of its commercial project at Gurgaon in joint venture with leading global real estate developer Hines. In 2007, DLF and the US-based realty firm Hines had announced signing of a memorandum of understanding (MoU) to develop a 15-acre business centre located on Golf Course [...]

The government has issued a notification making it mandatory for all projects on more than 2,000 sq m land to reserve 20 per cent of the plot or constructed space for smaller sized affordable housing. The rule would be applicable to the 26 municipal corporations and all municipal councils in Maharashtra. The notification issued by [...]

New Delhi: For all those who weren’t able to get a flat allotment under Delhi Development Authority (DDA) Housing Scheme 2010, here’s some good news. DDA has taken up construction of several housing projects in Dwarka, which are mainly meant for the higher income group (HIG). Many of these projects are being taken up in [...]

MUMBAI: When three years ago record home prices and higher interest rates dampened demand, developers hit on the idea of constructing affordable (mass) housing projects to fuel sales. Three years later, leave alone flats worth crores, Mumbaikars are wary of touching even much cheaper property; a survey finds at least a third of the under-construction [...]

Real estate solutions provider, Mr. Square Feet, today announced the launch of Power Welfare Society housing project situated at Narsingi close to Gachibowli and the IT hub in Hyderabad. The project is marketed and sold exclusively through Mr. Square Feet, a buyer’s representative for property dealings. The PWS project has been promoted by the employees [...]