Why is private property, and the protection of property rights, so crucial to the success of the market system?
Property rights protection attempts to assure that only the owner can legally sell a given good or service and reap the profit therefrom.
A builder who takes into account
the protection of property rights will only be successful in their business. Builders
and developers should comply to all property rights while constructing flats
and apartments, as it can help avoid issues in the future. There are many builders
in Kerala who offerluxury flats in Kochi that are built complying to all building rules and regulations.
Builders who do not comply to the protection of property rights can find it
really difficult to find success in their business.