Plot acquisition for self-build housing
Abstract The process of plot acquisition, development and construction of house is very complex in the private unserviced land market due to lack of information, high dependence on land brokers and inadequate institutional arrangements for land development and plot sales. The case of Bhubaneswar City in Eastern India is used to highlight the issues connected with plot acquisition and house building and to explain the factors required to be strengthened in the overall context of planned development. Specifically the pattern of ownership, process of land subdivision, transaction, transfer, development and final use for house construction are looked at. The study suggests curbing land prices, and intensifying infrastructure and service facilities, and indicates the need for the revision of the existing planning regulations to streamline the control mechanism.
The value of formal titles to ownership in residential property transactions: Evidence from Kinondoni municipality Tanzania
Under property informality, perceptions on transaction failure risks at purchase can diversify the spectrum of possible prices depending on anticipated occupation strategies subsequent to purchase. Based on survey data on 1514 residential property owners from Kinondoni municipality, Dar es Salaam Tanzania, binomial logistic regression models were implemented to predict pre-purchase perceived transaction failure risks and mixed effect models were utilised to examine the effect of the predicted risks on (2010 constant) price of three-bedrooms finished and unfinished housing units and 400m2 plots. The results suggest that risk averse households pay on average around Tanzanian Shillings (Tshs) 349,000/= more to acquire formally titled residential properties than they would pay for similar but informal properties simply because of a lower perceived transaction failure risk for the former. Such lower perceived risk is however, unambiguously relevant only among "unfinished housing" purchasers. For "vacant plots" and "finished housing" units, a positive net risk-price premium is dependent on the anticipated occupation strategy subsequent to purchase. On average "frequent visitation" after purchase induces a higher risk-price premium over formal purchases for both "vacant plots" and "finished housing" units. A Legal title to a "vacant plots" has a small risk-price premium of around Tshs. 5,000/= over "effective occupation" for the same but a relatively higher risk-price discount for "frequently visited" plots among risk lovers yielding a positive net risk-price premium of around Tshs. 16,000/=. These marginal risk-price premiums for "vacant plots" suggest that informal and formally titled plots sale on average around the same price regardless of whether the purchaser is risk averse or otherwise. Formally titled "finished housing" is on average, purchased at a higher price but such premiums are limitedly associated with risk aversion suggesting that such premiums emanate from factors other than the use of formal titles in transactions.
First Insights into the Draft Genome Sequence of the Endophyte Paenibacillus amylolyticus Strain GM1FR, Isolated from Festuca rubra L.
ABSTRACT Paenibacillus amylolyticus strain GM1FR is an endophyte isolated from aerial plant tissues of Festuca rubra L. Here, we report the draft genome sequence (7.3 Mb) of GM1FR containing 6,241 protein-coding genes, some of which are potentially involved in plant growth promotion and biocontrol.