Land-based financing elements in infrastructure policy formulation: A case of India

摘要: A rapid increase in land and property values has been one of the driving forces urban ecosystem development many countries. This phenomenon presented project proponents/policymakers with multiple options associated challenges, nudging them to configure or incorporate elements land-based financing their policies legislations. Specifically, Government India various state governments have sought monetize through diverse instruments, for augmenting financial viability infrastructure area projects. paper compares Indian central policies/acts regard monetization strategies. The analysis indicates that legislations are taking a turn towards promoting mechanisms as tool cities implementation agencies. However, approach is cautiously used often seen fall behind actual timelines. Based on findings, key determinants successful policy captures an values, identified. learnings provide useful inputs states strengthen documents legislative/institutional frameworks, ensuring effectiveness tools.