Leveraging Land Resource for ULB Finance: Framework and Action Plan for Land Disposal
Local Government Quarterly, Volume L XXXV, No. 3 , pages 81 - 90 (July - Sept 2015)
13 Pages Posted: 21 Dec 2016
Date Written: October 20, 2015
Indian cities are coming under pressure to provide infrastructure services to an increasing urban population. With rising population, the value of land (both public and private) is also on rise. Local service delivery and improvement in infrastructure needs sufficient local resources. One option that is being received much attention in municipal finance is land assets (Mohanty 2003, Vaidya 2008). Land is most valuable asset of ULBs and urbanization is driving up its price over a period of time. The investments made by ULBs on their land towards public amenities are also capitalized in the land value. Hence ULBs have the potential to capture the outcome of economic growth by disposing municipal lands for revenue generation. In this paper, an attempt is made to list the important areas which need consideration to develop a frame work for the disposal of municipal land to finance infrastructure requirements for sustainable development.
Keywords: Urbanisation, ULBs in India, Urban Land, Monetisation, Disposal
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