Business Daily from THE HINDU group of publications
Tuesday, Feb 26, 2008
ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Real Estate & Construction
States - Kerala
Regulatory body mooted for land utilisation in Kerala

Adding greater transparency to real estate biz


Setting up of such an independent authority would go a long way in controlling the menace of the so called ‘land mafia’ which was said to be active in the State of late.


Our Bureau

Kochi, Feb 25 The KSIDC Chairman, Mr P.H. Kurien, has mooted the idea of setting up a regulatory authority to govern land utilisation issues in Kerala on the lines of SEBI.

He was speaking at a panel discussion on the recently issued draft land utilisation policy of the State Government organised by the Kochi based DISA-IDF (Development Initiative for Strategic Advancement-Integrated Development Foundation).

He said that setting up of such an independent authority would go a long way in controlling the menace of the so called ‘land mafia’ which was said to be active in the State of late. Once such a regulatory body was in place it would become mandatory for all the builders to register themselves with the authority leading to greater transparency in real estate business, he added.

Instead of repealing the Land Reforms Act, what needed was permitting land ceiling exemptions for industrial purposes in a transparent manner under Section 81 of the Land Reforms Act 1963. He also called for setting up of integrated townships in rural areas to decongest the already land-starved city areas.

The discussion which was attended by people from industry, real estate sector and academia deliberated at length on issues like land utilisation for agriculture, plantations and tourism.

Most of the speakers felt that the draft of the new land utilization policy of the State Government was not realistic. The draft should have been prepared after proper study of the ground realities.

Some of the suggestions that came up during the discussion included:

(a) Having scientifically planned land zones as industrial, residential, commercial and others.

(b) Having maximum vertical residential facilities than independent houses since the land is not sufficient to provide independent houses for the entire population.

(c) A scientifically planned coastal highway that will also act as a protective seawall.

(d) A land utilisation policy which essentially focuses on preservation of earth assets and providing an enabling environment for the people.

Those who took part in the discussions included Mr T.T. Thomas, ex-CMD, FACT; Mr N. Sreekumar, Head of Apollo Tyres, Kerala Operations; Mr S. Gopakumar, Architect; Mr Anil R. Nair, National University of Advanced Legal Studies; Mr N.A. Muhammed Kutty, MD Falcon Infrastructures Ltd; Mr Jose Dominic, MD, CGH Earth Group; Prof Pathiyur Gopinath, Kerala Agriculture University; Dr K.T. Thomson, CUSAT; and Mr B. Mohan Kumar, Kerala Agricultural University.

The recommendations of the discussion will be compiled and presented to the State Government.

More Stories on : Real Estate & Construction | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
‘Job guarantee scheme for all rural districts soon’


MBA student bags Rs 1-cr job
Health cover scheme launched in TN
State co-ops seek higher budgetary provision
Gujarat imposes Rs 880-crore additional taxes
Extend capital gains exemption
MAT needs to be scrapped
Give subsidy for persons with disability
Remove restrictions on venture capital fund inflows
Control current debt inflow
Check grey market operators
Reduce duty on natural rubber
Mobilise funds from NRIs
Encourage investment in infrastructure developments
Remove anomaly on accommodation value
CII seeks rationalisation of excise duty in food processing
Take up all pending reforms
Revise individual tax slabs
Reduce dividend distribution tax
Maintain service tax base rate at 12%
Re-look tax structure on DTH sector
Raise IT and TDS exemption limits
Educational sector needs attention
Give relief to senior citizens
IT sector expectations
Continue STPI scheme beyond 2009
Drop surcharge on individuals, HUF
Focus on paper industry
Restore standard deduction
Withdraw wealth tax
‘India-Israel FTA may be in place by Nov’
ONGC notifies four discoveries in a month
Secys panel clears Cairn pipeline project
Crude oil imports up 7.4% in Jan on higher demand
Volatility in crude may hit IOC refining margins
SIDBI facilitates Rs 50-cr carbon credits to Ludhiana cluster
‘TN policy for small units will create growth climate’
Stake in SMEs: SIDBI sets up Rs 100-cr fund
31 new FM channels
IIPH offers public health diploma
Regulatory body mooted for land utilisation in Kerala
Omaxe plans Rs 1,200-cr township
Iron ore blocks: Steel cos want NELP-like policy
NREGS: AP sets example with biometric smart cards
‘Banking products should match rural development’
ECGC, UCO Bank tie up
Kolkata edition of EEPC buyer-seller meet kicks off
MMTC plans to import truck-bus tyres from China
Araku valley sees 17% increase in tourist inflow
Jungle Lodges setting up 5 more facilities in Karnataka

BusinessLine E-paper


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line