Land pooling a new concept in realty
No Comments Sub Category:Uncategorized Posted On: Dec 21, 2011
Land acquisition by the higher authorities or problems of acquiring land for developing projects has been a biggest problem in Chennai.
For this reason, a new concept of land pooling has been materialised by the experts.
The good affects of land pooling include minimal loss of land when acquired. When there is land acquisition, a single person can lose upto 50% of land but a group of people having the land can lose 5% each.
Therefore a small part of a land is lost, but a big charge has to be paid. Under this concept, Government need not pay any compensation to land bearer.
Source: The Times of India
Tags:
Charge, Chennai, Compensation, Government, Land, land acquisition, Land bearer, Land pooling
