Demat Freehold Properties Boost Growth

Demat Freehold Properties Boost Growth & Investments, Curb Black Money and Crimes (C)

Honorable Dr. Manmohan Singh,

Prime Minister of India,

South Block – 110011

February11, 2012

Sir,

Late Joint Director of CBI Shri BR Lal in his presentations had rated Property Market as biggest source of Black Money in India and also cause of majority of crimes. Demat of Freehold Properties shall -

a.)   Firstly eliminate generation of Black Money and Corruption in property transactions.

b.)   Secondly ensure Secure and Cashless Transactions.

c.)   Thirdly reduce property related crimes.

d.)   Fourthly ensure equitable distribution of properties among inheritors.

e.)   Fifthly like Shares or Stocks ‘Property Units’ could be Traded worldwide – boost FDI inflows in Real Estate, boost Indian Investments in foreign countries by Millions of Our Professionals.

f.)     Sixthly this shall boost the Resources of Professionals including students and facilitate in raising Loans against Property Units in India and in any Civilized Developed country to fund any Project, Business and to Acquire any property anywhere in the world.

g.)   Seniors Citizens would not be required to guard their Homes and could move to any part of India and even explore the world.

All these ‘Shall Boost’ growth of Construction, Industries and Services all over India.

Demat of Shares in India has replaced paper and money transactions of Stocks of Stock Market listed companies and introduce fast, accurate, cashless and white transactions.

The same way GOI may introduce Demat of Freehold Properties and introduce like Shares – Property Units – 1 Property Unit may be equal to Rs.1 lakh.

Just like stocks or shares are Company Specific Property Units too shall be Area Specific.

DEMAT of Freehold Properties Act 2012 may have specific provisions –

1. Property Units holders shall be Absolute Owners.

2. Owners of Property Units shall not be affected by any Rent Law. Tenents shall be living as Guests and paying any Living Charges agreed and charged electronically on first day of every month or week or day and can be evicted like Guests on short notice. Police shall enforce the Rights of the Property Units and Police Officer and SDM shall decide the case. Only courts above High Courts shall hear any unresolved dispute.

3.  Allow 100% FDI in Real Estate and Civic Services.

This shall be implemented in case of Rural Properties also in due course.

Within years Indian Real GDP growth rate shall exceed 10%.

Conclusions:-

Just like Americans who are very mobile relocate near place of work and buy and sell properties and businesses, create new jobs and products and services and acquire shares in companies, Indians too shall be similarly mobile and active.

This shall double generation of Employment also.

Thank you,

Sincerely,

Ravinder Singh*,

Inventor & Engineer

Y-77, Hauz Khas,

New Delhi 110016