Title of Abstract: LAND - Liberalizing Area Needed for Development
Abstract: “Future is the only geography of our native land.”
In the last few decades, real estate investment has become one of the most successful phenomena in India and has attained the second largest position as an employer after agricultural sector. Therefore, land acquisition is a matter of high importance. There is an immediate need to meet land requirements for infrastructure building, urban expansion and resource extraction at the same time political issues are creating a gap for moot point. In order to solve this problem, there is a need to create a balance between the Nation’s development and the greater interest of its citizens by making and enforcing the …show more content…
Adds to the welfare of the people and development of the country.
Cons:
The compensation given is less as compared to the damage suffered.
The land acquired can be misused or the purpose of acquiring the land might not be established as expected.
Discomfort caused to the affected people.
REAL ESTATE – A STRONG DRIVER LEADING TOWARDS GROWTH Indian Subcontinent has become a destination of investment as there is a boom in real estate sector, which is inevitably associated with the economic stability of a country. India is on the edge of becoming one of the rapidly growing economies, directed by several factors including like buoyant local stock market, multinational entrepreneurialism, booming economy- dynamics demographics and the comprehensive evolution of the Indian Subcontinent in the global market.
India’s enormous population has huge demands for housing, industrial and commercial purposes and for the development of its economy, a large number of projects were floated across the country. This remodeled the real estate business as one the most profitable sectors in the country. This is the sector which engaged venture capital, and varied sources funding along with overseas and private domestic assets and private equity