City industrialists want e commerce portal for land deals
The idea was recently floated before WB commerce & industries minister Amit Mitra during an interactive session with industrialists and Ficci (Federation of Indian Chambers of Commerce & Industry) members.
Nov 20, 2015
Source : ET


KOLKATA: City industrialists are pushing the West Bengal government to come up with an e-commerce site that would allow entrepreneurs to buy and sell land parcels. The portal will not only bring in transparency in land deals, but also encourage industrialists to monetise land tracts of factories which have downed shutters.

 The idea was recently floated before WB commerce & industries minister Amit Mitra during an interactive session with industrialists and Ficci (Federation of Indian Chambers of Commerce & Industry) members.

 Elaborating, Keventer Group chairman MK Jalan said land acquisition is a sensitive issue which requires transparency. "Land transactions on a state government online platform will address the issue and enable entrepreneurs to get a fair deal with demand-supply determining the price of the land parcel," he said. 

"Our proposal is in line with the state government's move to implement e-governance system in various government departments," Jalan added. During the interaction, the finance minister claimed that the state has some 1,00,000 acres lying with its different departments which was readily available for setting up industries and another 22,000 acres of land tracts of factories which have downed shutters. He requested the apex chamber to help the state government in its effort to unlock these land tracts.

"Ficci can set up a core committee which will not only identify these lands and industrialists but will also act as a mediator between state government and owners of these units to free the locked lands spread across the state. We will have to work together on this as it involves both business and government," the finance minister said. Highlighting the progress of the state in various fields during the last four years of Trinamool Congress rule, Mitra said all macro-parameters like per capita income, plan expenditure as well as capital expenditure has improved while e-governance measures has pushed the state's domes tic product growth. Mitra also said that the state had bagged the "highest award" for e-governance among other states this year.

 Seamless implementation of egovernance across departments had helped in reducing time, decreasing rent seeking and increased transparency, he said. Through the successful implementation of e-governance system in the various government departments, especially digitized signature system, file tracking and commercial taxation through online has helped in morphing the state's tax mobilization process to a new high. The successful implementation of e-governance has spurred the growth rate as the state's GDP now stands at 10.48 per cent. 

Latest Realty News

Nov 19, 2015
NEW DELHI: Real estate developer Prateek group has raised Rs 135 crore from Indiabulls Housing Finance Company for its project Prateek Wisteria in sector-77 of Noida, said two people with knowledge of the matter.
Nov 19, 2015
MUMBAI: Piramal Realty, the real estate arm of Piramal Group, today launched a premium residential project Vivaan in Balkum, Thane, for NRIs in Dubai.
Nov 19, 2015
Realty player Shapoorji Pallonji Real Estate today launched a premium residential project in Bengaluru, marking its foray into the IT hub of the country.
Nov 19, 2015
New Delhi: Debt-laden Air India will soon sell four residential flats in Mumbai to public sector lender SBI for about Rs 90 crore as the airline looks to raise funds by sale of certain assets.
Nov 19, 2015
Mumbai: The city attracted 40% of the $2.4 billion (around Rs 15,500 crore) private equity (PE) investments in the Indian real estate between January and September 2015.
Nov 18, 2015
MUMBAI: Private equity firms' fund raising and investment in real estate sector is witnessing rising focus in assets classes like residential segment, unlike the earlier modus operandi of raising diversified funds, said property consultant JLL India.
Nov 18, 2015
Mumbai: The bearish sentiment is likely to continue in the residential real estate sector for the next six months and the pricing situation will remain stagnant or may even worsen, while an uptick in office space rentals will give a boost to the commercial realty space, says a survey.
Nov 18, 2015
New Delhi: Realty firm Mahindra Lifespace Developers Ltd today said it has bought a land parcel in Maharashtra to develop a housing project.
Nov 17, 2015
MUMBAI: After emerging as one of the top 20 technology-rich cities globally, Bengaluru has made debut in the list of top 20 commercial real estate investment cities in the world, says a Jone Lang LaSalle report.
Nov 16, 2015
MUMBAI: The Maharashtra Housing and Area Development Authority (Mhada) has identified land parcels spread over 1,100 acres across Mumbai Metropolitan Region (MMR) for developing affordable housing projects.

Latest Realty News Of State

Realty Talk's