CONTENTS 1 Study Conceptualization 1 1.1 Background: 1 1.2 Need for the study: 2 1.3 Statement of problem: 2 1.4 Aim: 3 1.5 Objectives: 3 1.6 Scope & Limitations 3 1.7 Methodology: 3 2 Chapter - 2: Literature Review 5 2.1 Introduction: 5 2.2 Urban Land as Resources: 5 2.3 Concepts of Land Monetization: 7 2.4 Categories of Asset Monetization Strategies: 7 Monetization without ownership change: 7 Monetization with ownership change: 8 2.5 Principles and conditions for Public Land disposal: 9 2.6 Key objectives and measures for achieving framework for monetization of Land assets: 9 2.7 Stages of Monetization/disposal of land assets involves stages 9 Evaluation: 10 Implementation: 10 Disposal 12 Risk Management: 13 2.8 Land Leasing and Urban Infrastructure Finance: Case of China 13 Introduction: 13 Steps taken by Government on land leasing and land sale: 13 Key initiatives to motivate ULB in land sale and leasing: 13 Issues in Land sale or Land leasing: 14 Revenue Generated from Land Sales: 14 Impacts of Land sale or leasing: 14 Measures taken by state government: 15 2.9 Case of Mumbai, India. 16 Introduction: 16 Institutional responsibility for public land holding in India: 16 Revenue generated through land sales: 16 Issues in Land sales and leasing: 17 2.10 Case of Kerala, India 18 Introduction: 18 Status of Public land: 18 Disposal of Public land with Nominal value: 18 Public land remains un-utilized: 19 Miss use of allocation in Public land from charitable trust to commercial purposes: 19 Monopoly of Private club in Public land 20 Alienation of Public land 20 Public land into Freehold: 21 Institutional setup for managing Public Land: 21 Summary: 21 3 City profile: 23 3.1 Overview: 23 3.2 Geographical Location and Climate: 23 3.3 Demographics 24 3.4 Administrative structure: 24 3.5 Past Planning efforts 25 3.6 Project Background: 26 3.7 Disposal of Public Land: 26 3.8 Structure of Disposal Governance 27 3.9 Manner of Disposal of Public land: 30 Introduction: 30 Process: 33 Disposal of Public land for various purposes: (as per Land disposal policy 2008) 33 Principles of Tender: 34 Principles for selection of applications in tender: 34 Conditions of Allotment and sale of site 35 Restrictions, conditions on sale of Land 35 Voluntary surrender: 36 3.10 Manner of Disposal of Garden: 36 Introduction: 36 Process: 36 Condition for allotment of the Park/Garden: 37 Voluntary surrender: 39 Benefits for the Private agency: 39 CSR (Corporate social Responsibility): 40 3.11 Valuation of the Public land: 40 Introduction: 40 Factors affecting valuation: 41 LDPFC (Land Disposal and Price Fixing Committee): 42 Methods of the base price fixing: 42 4 Analysis of Disposal process 44 4.1 Introduction 44 Land disposed through Auction cum tender 44 Land disposed by inviting and accepting offers from Authority 48 4.2 Summary of Land disposed through Auction and Accepting offers from Authority 50 5 Analysis of Disposal of Garden 52 5.1 Introduction 52 5.2 Evaluation of Allotment of Parks to Mother Diary 52 5.3 Summary of issues in Land disposed to Garden (Mother diary) 54 6 Conclusion and Recommendations: 55 6.1 Conclusion 55 6.2 Recommendations 56 7 Bibliography 58 8 Annexure 60