Visakhapatnam A dream destination


When I say a dream destination I like to substantiate, one of the fastest growing cities of Asia, this city is attracting a large force of investors with the armory of intelligence and shrewdness and ensuring their coffers are filled with wealth.

The best way of doing this is investing in a product which is scarce and having a huge demand. The investment in land is found to out beat every other product because of the sole reason that it cannot be manufactured. Anything which is manufactured has an expiry tag to it and since land is not manufactured it has no expiry resulting in it being ever green.

So how best can we benefit from this sector is matter of concern. In this electronic age where everything is e-banking, e-commerce, e-trade, e-mail,…………..etc  we can have E-REALESTATE and this is an idea which needs to be pruned and discussed. In spite of poor liquidity in real estate, (especially land development) the growth is there in this sector, so just imagine if there was easy transferability where would this sector be. When I say easy transferability it is easy liquidity and how do we ensure that and that is the thought for us to ponder about.

As DMATing of shares has become compulsory in bullion market the government has to initiate the process of having e-documentation of the property. This is only a start and a lot of thinking has to be put in this idea to ensure a foolproof methodology.

What are the gains of this?

1)      The property valuation becomes easier.

2)      Improving cash flow in the market.

3)      Banking sector to benefit.

4)      Easier transferability.

5)      Fund availability will improve investments

6)      Improved investments will benefit industry

7)      Generating larger employment

8)      This will further improve the economy and stature

9)      This rippling effect will bring in a tsunami of good will

10)   Ensuring we cement our place at the top.

With so many benefits looming around our initiative of making E-REAL ESTATE a reality needs to be worked out

I could be small man small man all economists and politician should come forward to make the Idea big and working. The modalities have to be worked out with experts.

In this cyber age we can reap lots of benefits from this E-REL ESTATE.

Water once when stagnated breeds mosquitoes and ill health, whereas flowing water improves irrigation and agriculture. Similarly wealth once stagnated breeds enmity and jealousy. Whereas free cash flow improves industry and economy ensuring win -win situation to the populace.

If and when this starts functioning a new type of Bank called as LAND BANK will start.

The functioning of this bank though in cyber world will help easier transaction of documents and cash. A newer way of doing business will emerge leading to development of n number of entrepreneurs.

All in ALL there will all-round development guarantied.

Please come forward with your valued suggestions and improvements to mail ID kviswamohan@yahoo.com

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