Mere talking of scrapping wouldn't do any longer. The government has got to act on it now. The state governments on their part can contribute to the development of the industry by enacting friendly rent control acts which will favour both the landlords and tenants. Since the owners are not getting a reasonable rent for their property they prefer to keep it locked instead of getting embroiled in controversies and litigations. It is high time we cleaned up our own systems to create an industry-friendly atmosphere in order to encourage rapid development.
Necessity is the mother of invention.
At a time when the land prices were shooting through the roof in 1992 as the liberalisation was riding a wave of success the business district of Nariman Point was becoming costlier day by day. Touted as the perfect alternative to Nariman Point the BKC consists of commercial space, para commercial areas for utilities like banks, post offices etc., residential buildings, social facilities including parks and open space zones. The second such project specifically aimed to make the Andheri-Borivali belt more viable to commercial activities, is the creation of Oshiware District Centre. It is coming up on a relatively smaller area of 102-hectare plot located between Jogeshwari and Goregaon. It comprises a combination of residential and commercial accommodation while providing for schools, gardens and parking zones among other things.