Today’s Scenario or Corruption’s True Face

February 9, 2007	(2 votes, average: 4 out of 5)  Loading ...
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Special Economic Zones (SEZ’s) - Local regimes are buying off HUGE tracts of land from farmers. How? By banning the farmers from selling to anyone else, except to the regime in question, by invoking ‘Security’ and other words in their new rules Then the same regimes are selling off HUGE PERCENTAGES of their respective States, by directing dealing with MNC’s and big money holders. Next, with this kind of money power, MNC’s can build big properties very cheap, due to their economies of scale.

A layman’s view to this is:
- you buy 10 bags of cement from the shop, & pay say Rs. 100.
- but MNC buys 10,000 bags of cement direct from the factory, then they pay say Rs. 50 or even less! So basically, what is their aim??

1. Buy real cheap, HUGE TRACTS OF LAND, by working hand-in-hand and/or behind the scenes, with the local authorities, and paying out, virtually pennies on the dollar,
2. Build real cheap: buy cement, steel, labor, real dirt cheap, due to the above detailed layman’s view, or whats commonly known as economies of scale. Maybe even import containers of cheaper inventory, thereby eliminating the local shops and factories altogether. Use the cheap labor and inventory, to build huge properties, of the scale, which are previously unknown to India.
3. Sell the new properties, with huge advertisements, compared to the poor individual builder/dalal
4. In any case, they stand to reap large profits from india’s lands, and then they route the same, back to their respective countries of origin.And what about end-user’s property? Its price could literally collapse, given the huge new supply of properties, created by MNC’s in the market!

Nithari - Recent events like NITHARI and criminal acts causing potentially dangerous scenarios for noida areas, as regards the safety and security of fathers, mothers and boys and girls alike.

Exodus - Witness a somewhat exodus of curent and potential families with children from there, towards other areas like Hariyana, Gurgaon, Faridabad, Ghaziabad, Delhi, Punjab, etc, as they are not too far to their jobs/schools, by well-connected road/metro/train.

Elections - Political situation there is highly unstable, per experts views, and knowing of elections in near future, one cannot say what will happen. As seen in the past, changes after elections caused immense hardships to the end-users. They keep changing the laws and regulations, read, changing the goal-posts (or keep moving the wickets, as we say in cricket terms) which do make big bucks for the regime of the day, that then exists. But in return, cause lots of problems to the local end-users and some unfortunate dalal’s/builders.

Dalals - Dalal’s buy form end-users, by comunicating with end owners, making big promises, then taking off all legal papers from end owners, and paying just 10%-20% of the market price. Then dalal’s keeping end owners on hold for months and in some cases years for the balance amounts, till a time when these real owners get tired of running in courts and between all sorts of lawyers. Finally, the same working end owners then settle for very low amounts and complete the sale to the dalal’s, and very low prices. So they basically lose big time, not only on the dalal’s agreed to price, but, also months and even years of their valuable lives’ time.

Low Working People - The actual requirement of the daily-working people is low, so construction of houses was originally at a slow pace. Now the authorities are forcing in legal clauses, to deadline the people into constructing houses, by so and so dates. But even such newly built houses would then be actually empty, with nobody staying in them. Then dalal’s again come into the picture, with the same old formula: sell the earlier bare-plots, as, now plots-with-brand-spanking-new-houses.

Land - If you visited the area well, then you know that, the new upcoming areas of noida/g-noida are vast, with huge tracts of land being thrown up for development by the relevant authorities, despite the low actual requirement by the end-users, thus these maybe primarily for dalal’s/builders.

Hoarding- Huge numbers of these owners are actually dalal’s/builders, who are trying to “hoard” land, and create a monopoly, to pull out big bucks from any potential real end-users/buyers.

Story Submitted by Tribhuvan Desai

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