On Thursday, February 21, Ousmane Laye, Chief of, the Environment and Sustainable Development Section, ECA, called to order the Expert Group Meeting on Land and Sustainable Urbanisation in Africa. He emphasized the importance of land rights to Africa, observing that land governance has created many problems, including the displacement of people in urban areas. Parvati Colony is one of the few settlements in Jaipur with pattas, given by the Jaipur Municipal Corporation.
First, the number of people who could benefit from the land, as well as the amount of distributed land, which was suitable for farming, were rather low. Furthermore, governments usually legalized cosmetic reforms and landowners held an aggressive position towards ownership and were very defensive about dispossession. Second, even if we could assume that farmers with poor resource access did not have problems in the competitive environment of land productivity, governmental investments in supplementary facilities and support services were missing. Third, governments limited the market tremendously with regard to renting and selling land, which resulted in decreased efficiency levels. Without the availability of a credit market, stakeholders may fail to invest sufficiently in the land and must adapt to insecure sales, which results in unproductive land-ownership systems.
This has enhanced people’s PTS, as the residents have registered themselves as a cooperative housing society and now have greater negotiating power. A major impediment, however, for a slightly low PTS is the mounting market pressure, as the settlement’s location is favourable to private developers. Poverty and inequality reduction plans are being implemented in developing countries through decentralized community and voluntary and market-based land distribution approaches, by providing land to landless and land-poor households. However, this should be combined with improved access to reliable markets, increased extension services, and connections with financial and credit institutions to effectively promote an agricultural reform to boost productivity both in agriculture and in the household.
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Based on the sale price of S$815 million, and a further estimated development charge of approximately S$284 million, the land price works out to approximately S$1,488 ppr. Including 7% bonus balconies (development charge estimated S$39.3m), the land price works out to approximately S$1,440 ppr. the continuum hoi hup comprises 22 plots of freehold residential development sites located on Thiam Siew Avenue and has a land area of approximately 263,794 sq.
Economists should follow some basic methodological principles to increase the value and impact of economic theories on land politics. The cost and credibility of the analysis carried out cannot be reduced based on the design experience. Economists should rely on input from different stakeholders to identify relevant issues and develop indicators that require broad consensus. Moreover, a strong theoretical case for a fair redistribution of wealth for both equity and efficiency objectives emerged in the literature.
This was gradually followed by formal access to basic services like water and electricity, thus, giving them more proof in terms of documentation. This settlement is divided into several sub-societies, each comprising of a minimum of 20 houses. Despite some societies being unregistered, it reflects an organized form of arrangement to work as a collective. Further, many residents come from a specific geography in Maharashtra and this socio-cultural commonality adds to the feeling of security. Leveraging this solidarity, members of various societies—along with the support of a local politician—have formed a committee to govern their potential redevelopment.
Also, the recently proposed overhaul4 of the area has increased market pressure which has caused many concerns amidst the residents, thus, reflected in the variation of PTS levels. Market-centric development agendas have continually pushed for a homogeneous way of tenure formalisation through freehold private ownership. As mentioned before, the understanding of tenure security is a combination of de jure, de facto, and perceived tenure security.