The Object of this Bill is to make easily available to all citizens land upon which to build his own residence at a price which such land would have fetched before it is declared available for development. The Bill eliminates the lengthy procedures required under other laws for the acquisition of land by Government and its subsequent disposal. For this reason the Bill provides for declarations to be approved by the House designating Building Development Areas where buildings development is to take place, for the acquisition of such land by Government and for the distribution by Government of such land in accordance with a policy approved by the House.

The Bill while safeguarding the continued employment in the building industry, makes provision whereby speculation on land which makes it impossible for the citizen to acquire land. is prevented.