Land Acquisition, some ruminations
Sunday, August 16th, 2009The basic issue of contention in the matter of Land acquisition is who should have the rights to acquire land, the state or the private sector. Under ideal conditions with clear titles and ownership rights well defined the private developers should acquire the land at a market determined price and there are various possibilities to address the issue of bargaining equity. The problem, however arises when the land is too fragmented and private property rights are poorly assigned, the private sector will be chary to acquire land and will require state support. (more…)