Financial Daily from THE HINDU group of publications Wednesday, Mar 22, 2006 |
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Opinion
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Letters Real pressures
This with reference to, "Pedestrian policy on real estate," (Business Line, March 20). Indeed, a "big push" is required from the Government, in order to spur the real estate sector on the right path. A generation ago, a middle class Indian could construct a decent house on a 500 square yard plot with legitimate sources of income. That is no longer possible. Hence, the "real" quality of housing is coming down even as the houses are made to appear "cosmetically better". In order to reduce pressure on the existing cities, India should construct some 28 brand new cities (one for each State, to begin with) that are not merely satellite townships of existing cities but self-sustainable. The new cities must utilise the modern concepts in urban planning, civil engineering and environmental management. The new cities should be constructed on waste-land rather than productive agricultural land. Waste-land are likely to be fewer issues and disputes regarding the amount of compensation payable to landowners. States such as West Bengal, Maharashtra, Tamil Nadu, Andhra Pradesh, Karnataka should build new capitals so that pressure on cities such as Delhi, Mumbai, Kolkata, Chennai, is reduced. Mahendra Singh Faridabad
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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