a new land mark, hotel, mall or shopping centre, a billion dollar project in bolghatty

Land made out of back waters

If you are an ordinary chap, there is a problem, in finding a suitable plot of land anywhere in Kerala. That is because, all the illgotten money is invested in land. It is beleived that, fake currencies, printed in Pakistan, found its way into Kerala. After all, it is paper, how to convert this into real asset, which is not easily noticed by income tax department?

Buy land.

This kind of action, certainly jacked the price of land. Something that cost 200 Rupees was sold for 2000 and this after few years, say five years, went up to 200000.

Premium land, with water front exposure, and road, could cost as much as 10 million rupees in the Kochi marine drive area.

Some 20 odd acres of land was reclaimed from the back waters, and in a hush hush operation transferred (the name is lease) to a private developer businessman. Was that lease auctioned? Was that auction published properly? Hard to believe. What ever be the series of events, that happened before handing over the land to private, person or company, Bolghatty will boast a huge huge hotel, mall, marina, what ever.