Rahul Mehta Gandhinagar LsCandidate

Urban land prices are high ONLY because only 4% of Indian land is urban !! The supply of urban land is artificially kept low by Ministers, IAS, elitemen, judges etc in the name of environmentalism . SOLUTION : convert 6% of existing agricultural land into non-agricultural , and later increase supply of urban land at same rate as population growth

dolr.nic . in / dolr/downloads/PDFs/Draft%20National%20Land%20Utilisation%20Policy%20%28July%202013%29.pdf

The above link is land use document published by GoI. On page-6 it says

"the net sown areas in the country have increased from 41.8% to 46.1%. the forest areas have increased from 14.2% to 22.8%, and the areas under non - agriculture uses, which include industrial complexes, transport network, mining, heritage sites, water bodies and urban and rural settlements has increased from 3.3% to 8.5% ....... fallow lands have drastically decreased by nearly half from 40.7% to 22.6% .... mining areas are about 0.17% of total land of India, the urban areas are about 2.35% and the industrial areas are much less than 1%."

So real estate prices in Indian cities are high because of artificially created scarcity. May be it is same case across world. Now in India, if all urban cities' area is doubled by including land around city and giving permission of construction on that agricultural or fallow land around cities , then the prices of land across Indian cities would crash royally. Cities are mere 3% of existing and and agricultural land is 46% . So even all land added is agricultural land, then also loss of agricultural land will be at most = 3/46 = at most 6.6%. This is NOT a significant loss of agricultural land. Further, the resultant development of industry will increase irrigation and add more land to agricultural land. So IMO, thats what we should do to promote development of housing, industry, trade, commerce etc.

So, the so called development is NOT a difficult process at all. All a PM\CM has to do is to convert about 6% land outside city into urban land and boom, land pries will come crashing down. And if land price crash has to be avoided, then the PM can print currency to fool people that land prices didnt crash !! But the real value of urban land would fal if supply is doubled. And so with fall in real value of land, it will become easy for newcomer to start industry etc.

One reason why India lags in development is because PM\CMs in past did NOT convert enough amount of land into urban/industrial/mining land. So supply of land was short, and so prices were high and so development was slow. Why didnt PM\CMs didnt convert land into urban/industrial/mining lands? OR, why were their attempts to convert land were thwarted by judges in the name of environmentalism?

The reason is --- Many Indian Ministers, IAS, IPS, judges and the Indian elitemen own huge hoards of urban lands, and they dont want land prices to increase.