Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

FICCI asks for change in the Land Acquisition Bill

Comments(2) Sub Category:Uncategorized Posted On: Sep 12, 2012

The Federation of Indian Chambers of Commerce and Industry (FICCI) has expressed concern over high rehabilitation and resettlement (R&R) cost to be incurred by industry in the proposed Land Acquisition Bill.

FICCI has asked the government to make changes in the provision stating that current R&R provisions of the bill will put an unfavorable burden on the industry as it will escalate the land cost at least by three to four times.

It also hoped that the proposed bill in its current form is not passed as chambers thinks that it would not be favourable for overall economic development of the country. The industry body stated that it will not be viable for the industry to acquire or purchase land for manufacturing or infrastructure purposes under the current bill.

To read more real estate news:

Real estate firms revisiting strategies

2 Responses to “FICCI asks for change in the Land Acquisition Bill”

  1. Wordpress Plugin Install says:

    Wow, I have been searchinn 2 hours for this.

  2. [...] FICCI asks for change in the Land Acquisition Bill [...]

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!