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Projects hit by Maharashtra land bill

No Comments Sub Category:Commercial Real estate,Mumbai,Real estate trends Posted On: Oct 25, 2012

The progress of major development projects in Maharashtra has been affected due to the differences over the land acquisition bill.

Among these projects, most were shortlisted by chief minister Prithviraj Chavan two years ago.

The Navi Mumbai airport, the nuclear power plant at Jaitapur, the coastal road and railway expansion projects are among them that were stalled.

Under the proposed central act, the state would be required to pay nearly four times the existing rates for land acquired from farmers. However, the bill is not finalised as the government is struggling to work out the rates.

 

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