Abstract
Cities are experiencing growth across the world and constantly striving to meet the challenges imposed by growth pressures. Cities in developing world are growing at a much rapid pace and they would require much needed forward planning and financial strength to sustain it. In a way, growth of cities is inevitable in the transition state of developing societies towards more urban based and globalisation is inevitably resulting in inevitable shifts in economic structures that lead to concentration of skills and capital which is possible in urban agglomerations. Hence, the growth of cities to some extent cannot be curtailed through wrong policies, rather what is required, as we find it in the US, is the growth management, which requires careful forward planning and mobilising of finances. Indian town planning system, like several other planning systems in the world, relies on the preparation of master plans or development plans of cities over a long time horizons (typically, 20-25 years) and implementing them through various mechanism like land acquisition, development and infrastructure provision. However, over the years, this process has become very long and the effectiveness of plan implementation is fraught with so many other problems that the general public are tending to lose confidence on the capabilities of planning authorities in plan making and effective implementation on ground
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