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posted on Feb, 25 2008 @ 12:04 AM
Investment in commercial property is becoming lucrative with an increasing demand for plug & play offices, multi-facility space and a burgeoning retail invasion. The Builders in India formed a society and their vision is to build an environment conducive to good living, affordable, aesthetic, cost competitive, and technology driven and capable of meeting the needs of the Indian citizens. In order to meet its objectives, the organization is striving continuously to bring all professionals connected with built environment, like administrators, financiers, planners, developers, architects, engineers of all disciplines, horticulturists, builders, researchers, teachers and manufacturers of building materials on a single platform so as to form collective opinion on subjects related to built environment and project the same for consideration of the Government.

The balanced urban growth was accorded high priority. It stressed the need to prevent further growth of population in large cities and need for decongestion or dispersal of population. This was envisaged to be achieved by creation of smaller towns and by planning the spatial location of economic activity. Housing & Urban Development Corporation (HUDCO) was established to fund the remunerative housing and urban development programmes, promising a quick turnover. A Scheme for Environmental Improvement or Urban Slums was undertaken in the Central Sector from 1972-73 with a view to provide a minimum level of services, like, water supply, sewerage, drainage, street pavements in 11 cities with a population of 8 lakhs and above. The scheme was later extended to 9 more cities.

Then the scheme reiterated the policies of the preceding Plans to promote smaller towns in new urban centers, in order to ease the increasing pressure on urbanization. This was to be supplemented by efforts to augment civic services in urban areas with particular emphasis on a comprehensive and regional approach to problems in metropolitan cities. A Task Force was set up for development of small and medium towns. The Urban Land (Ceiling & Regulation) Act was enacted to prevent concentration of land holding in urban areas and to make available urban land for construction of houses for the middle and low income groups.

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