New Land Acquisition Bill is opposed by Builders Council
The National Real Estate Development Council opposed the Land Acquisition Bill saying it should not be applicable to private builders as it will impact development of infrastructure across the country.
The builders group feels that the suggestion by the Parliamentary committee will impact the infrastructure, industrial and township development program in the country.
Setting tough conditions for land acquisition Rehabilitation and Resettlement Bill, the panel said that government should not acquire land for private businesses and underlined on a clearer definition of “public purpose”.
The new land acquisition bill should not apply to private acquisitions done by developers after direct negotiation with land owners or farmers.
The bill also said that 20 percent of the developed land will be given back to the owner of the land.
According to LA and R&R bill the Land for construction of residential properties in India for weaker sections was included in Public Purpose.
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Source: Zee News
development of infrastructure, Land Acquisition Bill, National Real Estate Development Council, residential properties in India, Township development
