Atul Thakker 0

Apply MRTP Act against Land Mafias of India

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With this petition, we, the citizen of India, request the Government of India to apply the provisions of MRTP Act against Real Estate organizations of India. These organizations have: 1. Unethically used Cartelism to swing up prices of Real Estate between 2006 and 2008 duping thousands of investors and consumers. 2. Held lacs of acres of land in this country without any productive use since last 3 years. They are showing these land under the head of 'LandBank' in their Balance Sheet. They are holding this 'Essential Item' in view of selling them at higher prices after creating un-necessary scarcity by not using the land for productive use. With this, we request Government of India to confiscate the land held by such Real Estate companies who have not developed the land in past 2 years.

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