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New urban options Business Standard / New Delhi April 28, 2005 A flood of foreign direct investment in real estate is expected, now that the government has eased the restrictions in this sector. .. ... ... .. ... ... It is not easy to change the existing landscape, but new vistas beckon because India can build small new cities next to congested old cities. .. ... ... .. ... ... But if new towns are to develop speedily, states have a vital role to play in changing the laws that have led to urban disaster and in taking all the necessary steps that facilitate private investment. For instance, state governments must help acquire the land for development projects that aim for critical mass, allowing infrastructure costs to be amortised within the overall costs. .. ... ... -------------------