Mr Mehta and Mr Vohra (also quoted, as urban planner explaining) appearing
in the FE piece with MCD Commissioner and realtors does explain what CoA
was doing on the USAID-sponsored legislative amendment to MCD Act and
perhaps also what it was doing on GATS. Does this represent the official
view of CoA? Does CoA have the mandate to have an official view on
such-like? Does the profession share this view?
I differ. metro property development that i have challenged in court (no
PIL, i am personally aggrieved by all this realtor friendly
'short-term-master-planning' because it damages credibility of planning
profession and promotes unethical professional practices) has been exposed
as tidy scam by what especially DMRC has filed. my rejoinder says how and
is posted (after the petition and applications) at:
http://plan.architexturez.net/site/mpisg/p/metro
last week the same metro funding-plan got approved for kochi kerala. the
usaid-sponsored law facilitates such projects (also corollary ones to
reduce equity to inclusivity for humane-face reform, like hawker model
markets on roads and builder pigeon hole flats in name of the poor, joint
ventures of women's NGOs and kurta-pajama architect-planners with
municipal commissioners to route public funds to them). All developing
nationally!
Architexturez wrote:
> Developing nationally
> Legal land tracts, client pressures, funding prospects and high yields
> have pushed Indian realtors to...
>
> ....
>
> A practice that is very important in the Indian context. According to PR
> Mehta, former President of the Council of Architecture, Indian real
> estate does not need FDI as the banks today are flush with funds and
> also lending to projects. There is enough liquidity in local markets for
> access to funds. However, the market has not learnt to strategise and
> manage like players in other mature markets. Take a Malaysian developer
> who regularly sources land and develops real estate. Strategy is to be
> able to determine land value when the developer is ready to sell, says
> Mehta. His Malaysian colleague sells land on city fringes during boom
> time and reserves premium land in core areas to market in a depression,
> ensuring regular sales even during depressions.
>
> ....
>
> cont'd...
>
http://www.financialexpress.com/fe_full_story.php?content_id=100619
>
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