Land Monetisation (National Land Monetisation Corporation Set Up)

Significance

  • Enhance Revenue: In order to strengthen or improve the finances of governmental organisations and local governments, the monetisation process tries to quantify the monetary real estate value of public land that is laying idle.
  • Recommendations of 13th Finance Commission: The 13th Finance Commission of India further emphasised the significance of land monetization, which has the potential to increase revenue from underutilised prime lands of public sector organisations, port trusts, airports, railways, municipal corporations, etc.
  • Better Use of Land: There is an estimate of the extent of land held by various government agencies in excess of 5 lakh hectares, of ....
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