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Thursday, 06 June 2013 01:27
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The Railways land acquisition for the DFC and DMICDC’s for its cities shows things are working

 

At a time when most consider land acquisition to be the biggest bottleneck as far as large projects are concerned, the Railways seem to have pulled off a coup. As FE highlighted yesterday, of the 11,000 hectares of land required for the Dedicated Freight Corridor (DFC), the Railways have already acquired 80% of the land, and without too much of a protest. Indeed, people who sold off their land got a price higher than the market one, and are now looking forward to the capital appreciation that will result from the building of the freight corridor over the next few years.

Similarly, in the case of the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) that is to build a clutch of cities broadly along the DFC, successful land acquisition has taken place for a few big projects already and some more have achieved a significant amount of progress. None of this is to say the land acquisition process is a smooth one or that there are no hurdles that need to be tackled. But it is equally true that there are equally large number of projects where, through some innovative solutions, land is getting bought—in most cases, this involves the prospects of future land appreciation for those who part with a bit of their land. In villages around Delhi, the DDA’s new policy of taking land from farmers and returning part of this after doing basic development like roads and sewerage is the kind we need to see a lot more of.

 
 

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