The Louisiana Purchase from France in is another U. But the Louisiana Purchase almost didn't happen for a couple reasons. President Thomas Jefferson was widely criticized for acting above and beyond his constitutional authority, especially given his strict interpretation of the Constitution. Secondly, many Federalists worried that the U.
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The deal encompassed , square miles, which equates to approximately million acres. Back in the s and s, Spain and Portugal were the world's two largest superpowers carving up the world. The discovery of the New World by Christopher Columbus led to some disputes about who had rights to certain territories.
Eventually, the two countries agreed to divide the world along a meridian leagues west of the Cape Verde islands. Unfortunately, the New World turned out to move mostly west in direction and the deal turned out to be rather one-sided. Spain ended up colonizing the vast majority of South America with the exception of present-day Brazil, where Portuguese is still spoken. After , the treaty became somewhat obsolete as the two world superpowers grew less influential.
While the total value of this deal is impossible to calculate, the control Spain maintained over most of Latin America played an important role in history. The majority of the countries in the region asserted their independence in the early to mids. It may be easy to gasp at the current real estate market and the tens to hundreds of millions of dollars spent acquiring palatial estates.
However, these purchases seem minuscule compared to a time when countries could sell an entire state.
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In the biggest land deal of the year, Japanese MNC buys 3-acre plot in Mumbai for ₹2,238 crore
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Prices at which land deals are closed will depend largely on the demand and supply dynamics. Here are a few examples. As per reports, an auction of two land blocks of 2.
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The state-run National Building Construction Corp NBCC also hopes to raise Rs 12, crore through e-auction of 11 commercial towers in South Delhi, each part of redevelopment projects in place of low-rise government housing. Each has bought the property at about Rs 38, per sq ft, much higher than prices prevailing in Connaught Place. This is because the commercial towers are coming up close to Bhikaji Cama Place, another business district in the Capital. Amit Mohit Prasad, CEO, Noida Authority, says that the authority at its board meeting held recently has decided against increasing the reserve price land allotment rates for land for the financial year due to the slowdown in the realty sector and fall in property sales.
It plans to auction over 50 commercial sites this month to raise around Rs crore. Over the past 36 months, keeping in mind the market conditions, HUDA has been regularly revising the circle rates. Its impact will also be on reserve prices which would be lower and hence more in tune with market conditions, he adds. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.
Last Updated : Source: Moneycontrol.