On 29 November 2007, Maharashtra assembly passed the resolution to repeal the Urban Land Ceiling and Regulation Act, popularly known as ULC/ULCA/ULCRA. As per the news submitted by PTI on livemint dot com:
Chief Minister Vilasrao Deshmukh moved the resolution which was passed by a voice vote amidst slogan shouting by Shiv Sena members in the House. It was passed after a two-day discussion in a special sitting of the Lower House during the third Assembly session.
While the members of BJP remained silent during the reply, those from treasury benches welcomed the resolution.
Look Shekhar Gupta, this Government repealed the ULCRA!True, Maharashtra Government took a long time. The Government of India had repealed the law in 1999. But, you know very well, anything that involves land takes much longer time. Shekhar Gupta used to think that Maharashtra Government will never repeal the law! In the Indian Express, Shekhar has said:
"Now you know why our politicians will not reform our property laws, modernise the land records, cut stamp duties and do other simple things to bring the real estate business out of the grip of the black economy. Now you know why even a pro-reform Congress-NCP government in Maharashtra would not abolish the urban land ceiling law, which most other major states have done. It won’t, because politicians are desperate to hang on to the few discretionary powers that remain. They have exploited these powers to build massive personal fortunes — in cash and, of course, in properties."Who is afraid of Urban Land Ceiling and Regulation Act ?
Thanks! Jawaharlal Nehru Urban Renewal Mission!!Don't worry, our beloved politicians haven't changed a bit. They have to repeal the ULCRA only because the Government of India had blocked release of funds under the Jawaharlal Nehru Urban Renewal Mission to the state till ULCRA was repealed by Maharashtra Government.
real estate Indian real estate Pune Pune real estate Mumbai real estate Maharashtra Government ULC/ULCA/ULCRA PTI livemint dot com Chief Minister Vilasrao Deshmukh Shiv Sena Maharashtra assembly BJP Shekhar Gupta, Indian Express Government of India Indian politicians property laws land records stamp duty black economy black money Congress-NCP government in Maharashtra discretionary powers personal fortunes cash property funds Urban Land Ceiling and Regulaton Act of 1976