India has immerged as a
preferable destination for investment in property including that in buying
chunks of land. The growing infrastructure market has resulted in soaring of
land rates by many folds in urban and semi urban areas across the country. With
the increase in population and the growth in per capita income of the country,
we have seen a substantial increase in people investing in land as the
lucrative returns is incomparable to any form of investment of funds. The
various land development authorities across the country have been unable to
meet the rising demand of land by the people have paved way for private
developers and builders to acquire and develop land for residential purposes as
well as commercial use.
The private builders and
developers nexus with various land development authorities of different cities
often use illegal ways to acquire
land and start plotting on them
while overlooking rules as per law mentioned. The authorities showing
their inability to acquire and develop land by expansion of a city towards the
semi urban areas, but providing an upper hand to the private developers in
acquisition of land and giving illegal approvals for plotting for commercial
and residential purposes. The private developers often use various illegal measures
in acquiring land using money and clout at the same time. Often we find the
private developers ignoring all legalities to be followed while plotting on a
particular chunk of land, some of which are without changing the land use if
it’s an agricultural property, often purchasing land from farmers using clout
and power and not compensating them as per the designated rates of that area
and many other legal procedures are being overlooked by these powerful builders
and developers.
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