monkatheart1

With the cancerous and unchecked proliferation of real estate everywhere, the first victim is Agriculture.

Traditionally farmers are worst affected in India because of the labor involved and the investment on agriculture never yielded enough money. RE came to them as a boon in disguise.

Overnight, fertile lands have been turned into NA plots. What all it takes is a stroke of a pen.

According to one estimate, 3 % of most fertile agri lands in India have already been taken over by realtors.

You can not blame the builders either. You cant blame the farmers too. farmer gets enough money for life by selling off the land than growing paddy. Builder is there to make quick buck.

So the ultimate tragedy is food grains. We need twice as much food grains to support our population. Sadly , it is unlikely to happen as the agriculture land diminishing and more and more farmers preferring to sell off their lands to realtors.

So, when your kids grow up, they may have a 3 BHK in tower, but food is 10 times more expensive.

medhapp

With the way Indian real estate is going I will not be surprised if this happens. Sad but true & I do not think average Mumbaikar or an Indian actually cares for this( look at our disappointing BMC voter turnout percentage ), as long as he or she can buy a property, car etc which is all that matters, see almost 4 days to your post and absolute no response (including myself) just goes to show how much we care of our future as a society.I know people buying flats in posh localities like Bandra, Khar worth crores of rupees but they need to get tanker water for which individual flat owners are working out thousands of rupees per month but who cares.

monkatheart1

Very true. But who wants not make a quick buck. It all lies with the govt to enact stringent laws to curb this kind of conversion of agricultural land to a concrete jungle. Also sale deeds on agri lands must be completely frozen. No one should be able to buy / sell the agriculture land without due inspection of concerned authority and certification that that transaction indeed is genuine and the buyer is buying the plot for agriculture purpose only.

But with the builder mafia and broker syndicate literally dictate these policities when it comes to land deals. Any new law tends to attract very sharp negation from these vested groups.

Look at the plight of RE regulator. They have been saying that a new , effective national regulator is on the anvil - for the last 5 years . Nothing progressed. The builders lobby stalling the proceedings time and again.

They have enough clout and money power that they can literally stall the government. This will continue.