Extra guts needed to succeed

[kaine45]

According to urban development experts, there are four prerequisites for successful development. They are:

1. The will to develop the professional and technical expertise
2. The availability of sufficient financial resources
3. The audacity to succeed
4. The availability of suitable land

These aspects are highly essential if you intend to enter into the hot real estate sector that is witnessing greater competition between the various players. When analyzing the trends in Real Estate Kochi is witnessing this trend like never before.

The mere ownership of land cannot by itself cause development to take place. Without the will to develop, without the expertise and financial resources, land will simply lie undeveloped. One of the most valuable assets that will ensure success is the vigilance of the entrepreneur over the available development opportunities and the vigor shown in pursuing them. Under the system envisaged, that initiative would be lost if appropriate steps are not taken at the appropriate time.

In its place, identification of suitable land would depend on the political will of local authorities, members of which are often under pressure from taxpayers to resist development, even where it is socially necessary. Thus the conflicting pressures referred to, and the bureaucratic problems that beset such public bodies, would seriously retard the pace of development.

To sum up, the case for the public ownership of land to improve urban development is inconclusive. Local authorities already have extensive planning powers through broad structural plans for development and detailed development controls. If they are also to be responsible for initiating development, there are grave misgivings as to whether they would prove as sufficient as a private enterprise. In essence the policy choice seems to lie between the dogma of nationalization and the pragmatic solution whereby the advantages of development through private enterprise are combined by securing a high proportion (but not 100 percent) of benefits through a development land tax.

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