Land Acquisition Act
The government order issued last week lacks clarity on the procedures to be adopted while purchasing land. Also there is confusion whether the registration fee and stamp duty will be waived off. Due to this, the revenue officials are unable to start procedures to acquire the remaining land required for the Metro project. Amid criticism [...] Continue Reading »
Mumbai has seen three quick, mega land deals. The deals are Oberoi Realty buying Tata Steel’s Borivali land for Rs. 1,155 crore, Tata Housing buying land from KEC International at Rs. 214 crore and Clariant Chemicals selling its land in Thane to Lodha Developers for around Rs.1,154 crore. Rohit Poddar, Managing Director of Mumbai-based Poddar [...] Continue Reading »
DIPP secretary Amitabh Kant stressed on the need for amending the Act, by giving justification as under the existing Land Acquisition Act, it had become “virtually impossible” to acquire land for construction of roads, ports and creating other infrastructure. He added, ever since the new Land Acquisition Act came into being, Land acquisition for roads, [...] Continue Reading »
The Department of Industrial Policy and Promotion (DIPP) will try redrafting the recently enacted Land Acquisition, Rehabilitation and Resettlement Act after the new government is formed. Amitabh Kant, secretary, DIPP points out that the new (land acquisition) Act is extremely bureaucratic, with the introduction of a social impact assessment. It has very time consuming processes. [...] Continue Reading »
Mr. Jairam Ramesh, Rural Development Minister, says that the Supreme Court judgment upholding the retrospective clause of the new Land Acquisition Act has defines rules for the implementation of a significant clause in the law. He further says that the recent judgment was since last 5 years. He also added that the award was passed [...] Continue Reading »
The government will form two committees, to frame as well as scrutinize the rules relating to the new Land Acquisition Act, 2013 of the Centre. On Wednesday, Chief Minister Oommen Chandy said, that a monitoring committee and expert committee will be constituted at state level to frame the relevant rules in connection with the new Act. [...] Continue Reading »
The Right to Fair Compensation, Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is a complex but comprehensive legislation. It aims at providing just and fair rehabilitation of even the minimally-affected people, favours greater transparency and gives importance to prior consultation with local bodies and landowners. The century-old Land Acquisition Act (1894) is now [...] Continue Reading »
The Gujarat government has put on hold all new ground acquisitions projects in the state. According to the new central law, The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, which came into force in the beginning of January this year has superseded the 120-year old Land Acquisition Act, [...] Continue Reading »
Hyderabad- The Greater Hyderabad Municipal Corporation’s (GHMC) two wings namely town planning unit and land acquisition unit are struggling over the ‘urgency clause’ of the Land Acquisition (LA) Act. According to the urgency clause of Land acquisition act, property owners do not have any right to raise objections over acquisition of their properties. On one [...] Continue Reading »
NBH is setting up an Urban Housing Fund with an allocation of Rs 2,000 crore to infuse liquidity for urban housing and to boost demand in the city. According to NHB, the budget will boost the affordable housing with an additional interest benefit of Rs 1 lakh on first-time home loans up to Rs 25 [...] Continue Reading »
