Goal posts for the city’s development have changed over the years. Its creation was announced when India was booming back in 2007, and the first phase–covering around 25 million square feet–was supposed to have been completed by 2010 on a recent visit two buildings with 1.6-million-square feet of office space had been completed. Part of one building was occupied. A data centre for telecommunications was as well as ready, as was a fire station and a school. The rest of the area was mainly empty. Construction was under way for a hospital and other facilities. The city will ultimately have 62 million square feet of office and residential space, to be built over three phases. He says GIFT has already sold nearly 14 million square feet to developers or companies in buildings not yet built he says it will be another four to five years before the first phase of the city–now covering only a fifth of the originally planned area–will get going for now, the city’s infrastructure layout is being funded mainly by loans taken from a clutch of state-run banks, and to some extent by government grants and fees Gift city latest updates to developers who plan to set up buildings. Mr. Purav Goswami has been into real-estate business from last 10 years. He is an active member of renowned Ugati Builddown Association. He has over 300+ HNI clients from all over the world.
He as well as owns design and architecture studio which provides end to end solution to his clients. His articles have featured in various newspapers and magazines. He is passionate about real-estate sector and is now planning to design some workshop and online program for investors. The demand for land reforms recently reached fever pitch in October 2012, when the Ministry of Rural Development MoRD entered into a 10-point agreement on land reforms with members of Jan Satyagraha, a non-violent march organized by Ekta Parishad. MoRD had inter-alia agreed to initiate a dialogue with States for establishing Fast Track Gift city latest news Tribunals and Courts and introduction of a National Land Reforms Policy. This once again brought to light the compelling economic and political arguments for enacting land reforms primarily to tackle the scarcity and unequal distribution of land on one hand and growing demand of housing and industrial development on the other. Since land forms the basis of economic activity, land serves as an essential asset for a country to accomplish economic growth and social equity. During the last few decades, various land reforms have been enacted and numerous proposed amendments to existing laws, new legislations and policies are in the pipeline. Land reforms are closely linked to agricultural productivity, industrial growth, infrastructure development, employment opportunities, housing, foreign investment, to name a few. There are some policies and reforms which when enacted and implemented, will bring wide-sweeping changes. Land Acquisition of land is the first and foremost hurdle in the development of any industrial, real-estate and or infrastructural project.
The NOIDA-Greater NOIDA dispute brought to light the flawed acquisition process and the urgent need to address concerns of land owners and developers a as. The Land Acquisition, Rehabilitation and Resettlement Bill, 2011 seeks to address these concerns and replace the outdated Land Acquisition Act, 1894. The Bill provides a smoother acquisition process coupled with rehabilitation and resettlement R&R scheme, Social Impact Assessment, equitable compensation and annuity to displaced persons. Significant proposals include the requirement of prior consent of 80% of persons affected for certain projects and employment opportunities in such projects for members of displaced families.
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