Dr Justice AR Lakshmanan Lecture on ‘Property Related Issue of NRLs / PIOs’
Today, India is one of the fastest growing nations of the
world. The country’s growth rate is comparable with the best performances
amongst Asia’s developing countries.
In fact, not
only has the domestic sector been performing well, the international community
is also looking towards India with a positive sentiment
as reflected in the increasing foreign institutional investors (FIIs) inflows
into the country.
To boost the infrastructure development, various pro-active
measures have been taken by the present government.
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| Dr Justice AR Lakshmanan. |
With increase in
global economic activity being sourced to our country - areas that were
rural -semi urban are slowly becoming IT parks, IT highways
etc. Land that was till recently considered as out-of-city limits, which was
under cultivation is now being sold at skyrocketing prices and there is a
virtual land grab going on. The intelligentsia and
professionals
must step in here to avoid the deals from going haywire.
Each day we hear
of people being forced out of their residences - because their property has not
been built as per plan. Adherence to the laws of the land will help build our
nation - to be a stronger India.
With the liberalization of FDI rules, the fillip has been given
by government to the housing sector. It is indeed an area where the sun shines
strongest. Food, clothing and shelter and the basic needs of an individual and
taking this into consideration - and our population -the housing sector is a
perennial boom time scenario.
Src: Our Building and
Construction, March 2013
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