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Out Dated land policies accountable for present Realty scenario

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As per the sources saying at the www.propertykhazana.com, In Mumbai we get many good apartments according to the area and budget but suitable apartments at cheap rates are doubtful. But close to Mumbai there are other cities unfocused by realty construction actions but their possessions rates are going through the roof.
The ongoing scarcity is because of the raising demand majorly in the metros and this is further influencing the rates of the properties and definitely the scarcity is increasing in the developing cities. In fact, the developing cities are required with affordable housing, proper infrastructure and free from traffic congestions and pollution. Speaking at the www.propertykhazana.com though many cities having abundant lands, the projects are not planned and implemented properly, says the realty experts. The concerned authorities are not co-operating with the private players with any of the realty ventures. So the state Governments are required to look into the issue and especially for the lands in the urban areas.
Mr. Jai Mavani the ED of KPMG said at the www.propertykhazana.com that if the lands left vacant in the urban areas are utilized properly then the soaring realty prices will be under control and the realty laws are out-dated and there are amendments required to be done in the existing land policy.
The source further added that only about 29% of the Nation’s population is accommodated in the cities and the developments undertaken in the urban areas will only compensate the raising population but will never overcome.
Source: NBTVLIVE

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