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Flash Back-2007: Real Estate Was At Centre Stage For HaryanvisBy Mrs Gupta, Section Gurgaon Real Estate Property
The idea of "striking rich" by owning a piece of real estate is catching the fancy of more and more Haryanvis.
The year 2007, which is now drawing to a close, saw an unprecedented number of people dreaming and scheming to become rich by selling land whose price has skyrocketed in the state. It has become a habit with Chief Minister Bhupinder Singh Hooda to announce relief for various sections of people and try to make an impression on beneficiaries. The recent announcement to waive house tax is one such step that can be recalled in this connection. The announcement of giving free of cost 100 sq yards of plots to below poverty line (BPL) families, however, has created difficulties as the soaring price of land has got a huge number of unwanted people getting interested in the scheme. The government is now trying to wriggle out of the logjam by saying only poor dalits will be given the plots. The scheme, it is believed by followers of Hooda, will further cement the Congress party's bond with the Dalits. While question still remains about effective implementation of the promise, the announcement brought to the fore the extent of the craving for real estate ownership among ordinary people. In some areas of the state, land has always been a precious possession and disposing a piece of land has always given the owner handsome cash in return. In the Hooda era, the idea has got very widely disseminated and has found an unprecedented number of adherents. Clik on "Full Story" for more...
The government propaganda on this front is on the expected line of industry supposedly coming to the state and the consequent increase in employment opportunities. It is, however, a fact that companies known for making residential buildings are one of the most important driving force behind the real estate boom in the state.
The floor rate policy introduced by the Chief Minister for determining the price of land gave a boost to the land prices in the state. Invariably, the phenomenon has a flip side also. As a result of the increase in the land price, it has become hard to come by any offer of giving land free of cost for setting up of any institution urgently needed by the public. Hooda, though, is still able to ride on the crest of the dream of "real estate riches". He has not resorted to arm-twisting of any section of the population and the police in his regime, other than the infamous assault on labourers in Gurgaon in 2005, have shown restraint when it came to handling agitations involving a large number of people. While the dream of owning valuable real estate is likely to remain a dream only for most of its seekers, the thrust on English education of children and vocational training of young people are among the steps that are directed at enabling the residents exploit the opportunities thrown up by India's integration with the global economy. Hooda, certainly, is not going to change his track next year or the year after that. These are also going to be a mixture of sops and talks. The CM must be readying his plans for some grand sops to woo the voters for the Lok Sabha elections and subsequently for the elections of the state Assembly. He will also like to showcase some power sector projects to endear himself to the masses. Source: TRIBUNE, Dated, December-28-2007
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