Land Reclamation

Land reclamation is the practice of creating new land where there was once water. In a thriving democracy such as India, the practice of reclaiming land has been a longstanding practice. A related practice is the draining of swampy or seasonally submerged wetlands. While this does not exactly create new land, it allows productive use of territory. Indiahousing offers information on Land Reclamation.

The issue of slum eviction gathers momentum, especially in the context of the varied aspects of land reclamation. The slum demolition drive that was recently organized by the Mumbai Municipal Corporation captured the middle-class angst against illegal squatters, and the outrage of the displaced about the inequity in treating those who form the underbelly of Mumbai's economy.

As it appears, realtors and developers are always on the lookout for repossession. Mumbai is a unique instance of the boon of globalization and flourishing of the real estate market in India, although it excavates the flip side of the scenario, rather than the buoyant.

A coherent low-income housing policy should direct the discussion to 2 queries: Can the housing needs of the urban poor be served by market forces? If so, what needs to be done? After all, housing finance has boomed as a result of market forces. The onus then lies on the banks to assist the low-income groups. To know all about Land Reclamation, surf Indiahousing.