Slow in­fra­struc­ture de­vel­op­ment

HT Estates - - FRONT PAGE -

Fi­nanc­ing is the main im­ped­i­ment: The eco­nomic down­turn seen in the last few years has caused rev­enue re­al­i­sa­tion at much lower rates than an­tic­i­pated. This has failed to en­cour­age de­vel­op­ers to come for­ward to con­trib­ute to in­fra­struc­ture de­vel­op­ment Ban on min­ing: Another chal­lenge has been the re­stric­tion on min­ing and de­cline in man­u­fac­tur­ing. Ju­di­cial ac­tivism re­sulted in min­ing ac­tiv­ity in many places com­ing to a stand­still and de­lay in projects Builders get the first right of re­fusal: This is be­cause banks gen­er­ally ask for a no-ob­jec­tion-to-mort­gage cer­tifi­cate from the builder, fail­ing which the loan can­not be availed and the buyer can­not sell the flat Land ac­qui­si­tion is­sues: With the Cen­tre let­ting it be known that the re­vised land ac­qui­si­tion pol­icy is on the anvil, land own­ers have re­fused to part with land. Get­ting ac­tual pos­ses­sion of land has proved to be time-con­sum­ing The way for­ward: Most prob­lems in project ex­e­cu­tion so far have been due to less than op­ti­mum co­op­er­a­tion ex­tended by the state gov­ern­ments. A cen­tralised sys­tem should be put in place to which ref­er­ence can be made for res­o­lu­tions

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