This will have a significant impact on asset values for land and properties with or without planning permission.

The basic result that is expected to come out of the place based process is land use planning.

In retrospect, basing (subdivision review) on lot size was not a very good idea. You shouldn't base land use planning on that. Now you have 20-acre tracts all over the place.

Some Indian companies are planning to acquire large agricultural tracts of land and convince farmers to shift from growing cash crops -- wheat, rice, maize -- to more profitable fruits and vegetables that can be exported to destinations such as Europe.

We decided we liked the land planning and the apartments and shopping center and a little bit of industrial development.

Stable demand and rising land values have placed upward pressure on pricing resulting in a 14.4 percent increase in average asking rates in only six months. With robust sales activity and mom-and-pop operators seeking expansion opportunities, we believe there is room for additional increases in newly constructed retail centers.