Nandigram Issue to Affect the Real Estate Growth

March 25, 2007	(4 votes, average: 4.25 out of 5)  Loading ...
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The newest real estate trend in India, which talks about construction of special economic zone (SEZ), has proved itself a catalyst in boosting the economic growth of the country. And, the Nandigram (West Bengal) debacle has come up with some serious issues. The most important of all is to put aside the common interests of common man for the mere sake of profitability.

Likewise, the property developers must see to safeguarding the interests of industrialization and economic liberalization from limited profiteering angles. The real estate industry must look towards the implication of more important parameters on the development of SEZs in addition to the prevailing ones. The whole issue is far too vague.

The Nandigram issue is certainly going to have a negative impact on the domestic and international investor community. It could be a major step backwards in terms of the country’s stand of being able to maintain progressive economic growth. No potential investor would like to spoil his rapport by being a part of such issues by ways of due compensation to and rehabilitation of original landowners.

News Published Under:   Special Economic Zones |

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