Group Housing Societies and urban development

Posts : 1 Join date : 2011-06-10

Further
to accelerate the role of the group housing societies, 40 percent of
the developed land should be allocated to them at a subsidized
price. In Kerala Property
are at an all time high and most of the housing societies are
finding it difficult to acquire land at such exorbitant costs.
Thus the only way out to sustain these societies is to offer land at
affordable costs.

Until
and unless the obsolete Land Ceiling and Regulation law undergoes a
sea change, house construction will suffer a heavy jolt. The
Act should be drastically amended for ensuring fair and equitable
distribution of urban land. The Act has been criticized for its
failure to achieve the purpose of reducing disparities in urban
landed properties. The amendment would curb speculation and
profiteering in the urban landed properties.

The
National Housing Bank should be more responsible to the people’s
demand and requirement. The Bank should provide an efficient
and speedy credit delivery system. Procedure should be
simplified so that people can avail the necessary financial
assistance from the Bank on easy terms. Timely financial
assistance is the paramount need to contain the prices and to
increase the supply of housing stock to meet the various demands
effectively and satisfactorily.

In
almost all the key urban areas of the state property values have
already gone up several fold. Investors now consider an
investment in property in Kerala much promising due to the continuing
boom in real estate. In spite of the global recession, property
values have not crashed in Kerala as has happened in the United
States or Japan. Even in the industrialized developed world,
certain developments sent the property market crashing to significant
lows unseen in earlier times. Experts predict that such a
development is unlikely in Kerala mainly due to the phenomenal inflow
of investments from all parts of the globe.

Admin Posts : 3291 Join date : 2010-05-21 Age : 109

Emilia wrote:: Until and unless the obsolete Land Ceiling and Regulation law undergoes a sea change, .

Hmm. Undergo a sea change? Is that like a "sex" change? Is there an ocean out there, unhappy with the "body" of water it is in. LOL.

find a better forum to post that crap!

Looks like you have a lot of editing to do, Emilia. Sad

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