Welfare To Depend On Real Estate Income

Amaravathi: The future of the farmers in capital area seems
to be depending on the profits of the real estate business of the Government in
the area. The Government is not spending even a rupee of its treasure for expenditure
of waiver of agriculture loans, pension for farmers without lands, new no-interest
loans amounting to Rs.25 lakh, free education and free healthcare. These
expenses are going to be taken care of by the performance of the real estate
business of the 10,000 acres of land in the hands of the Government.

Regulations devised by CRDA for land allocation clearly
stated that the amount to be given away to the farmers in the capital area, the
labour cost of the farmers and the expenditure planned for welfare of weaker
sections had to be taken into account while deciding the minimum cost of the
lands.

Here is the complete list of the factors to be taken into
account for the decision of the lands’ cost.

• The cost decided by the registration department
• The money to be given annually to the farmers under land
  acquisition act
• The amount paid for parks and trees
• Compensation paid for constructions
• Expenditure for waiver of agriculture loans
• Pension to be paid for 10 years to farmers with no lands
• Construction cost of houses for the homeless
• No-interest loans of up to Rs.25 lakh for self-employment
• Cost of free education and free healthcare
• Expenditure for establishment of NTR canteens
• Extra investment for creation of jobs under employment
  guarantee scheme for 10 years
• Establishment, expenditure and maintenance cost of skill
  development organisations
• Cost of land acquisition and administration expenses
• Extra compensation to be given as per court’s orders
• Assistance and rehabilitation expenses

The cost of the lands is going to be decided by also
considering the expenditure put by the Government in the past and in the future
too. Registration value of the lands is also going to be counted. The value may
also change with area and zone. The lands are going to be given away by bidding
and auctioning. The buyers will have to bear the cost of land development. Cost
of infrastructure is separately chargeable.

The people are astonished to find that their welfare is
going to be dependent on the profits of real estate business. The farmers and
the expatriates will be benefited only if the real estate plans of the Government
flourish. Present situation does not promise competent purchase of lands in the
area.

What kind of backup plan does the Government have if the
income from the real estate does not satisfy its expectations? Experts of
economy are cautioning that this planning is not appreciable in the present
situation of financial recession.

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