Land Acquisition Bill
2012 was not so good for real estate market as high construction cost and falling sales affected the market sentiment negetively. However, this year was positive for home buyers who were waiting to buy or invest in real estate sector unlike the previous two years where most of the cities witnessed a steep price rise. [...] Continue Reading »
The draft Land Acquisition Bill which was recently cleared by a group of ministers will be placed before the cabinet at the time of winter session. The proposed new draft bill was rechristened as the Right to Fair Compensation, Resettlement, Rehabilitation and Transparency in Land Acquisition Bill will not only make the land acquisition more difficult [...] Continue Reading »
Assocham, the industry body proposed a change in the land acquisition bill by stating that the law should have a provision of government assistance for acquiring 100% of land requirement by the private sector. However, a conversation between the chamber and the Rural Development Minister Jairam Ramesh, the suggested provision should be allowed even to the projects which [...] Continue Reading »
A recent change has been made by UPA Chairperson Sonia Gandhi in the draft Land Acquisition Bill, making the level of consent of landowners for acquiring land for private purpose even more tougher. The land owners percentage, whose consent is mandatory or acquiring the land for private purposes has been increased from 67% to 80%. With the [...] Continue Reading »
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 [...] Continue Reading »
Delegation of Delhi farmers has met Union Rural Development minister Jairam Ramesh to convey their disappointment on the systematic watering down of a draft of the Land Acquisition Bill by the Group of Ministers. More than 300 special economic zones have come up on the fertile land of the farmers and they are not been [...] Continue Reading »
India Inc is unhappy with the Land Acquisition Rehabilitation and Resettlement Bill 2011 cleared by the Group of Ministers (GoM) fearing that projects costs may soar due to high land price, and cumbersome acquisition procedures. Rajeev Talwar, executive director of DLF said the Bill could affect business badly adding that projects costs will soar if [...] Continue Reading »
A Group of Ministers (GoM) has cleared the long-delayed controversial Land Acquisition Bill. This will pave the way for its introduction in Parliament in the forthcoming winter session. Developers body National Real Estate Development Council (NAREDCO) said welcoming the move that land aggregation would be easier with the panel of minister’s proposing that consent of [...] Continue Reading »
The Land Acquisition Bill is to face further delay in way of its legislation. A group of ministers (GoM) had been set up to resolve differences over the proposed bill. However, they have failed to reach a consensus in their second meeting. GoM, headed by agriculture minister Sharad Pawar, remained divided over several contentious issues, [...] Continue Reading »
The Rural Development Ministry sought to address the apprehensions of industries and infrastructure sectors surrounding the controversial land acquisition bill. The ministry highlighted that the requirement of consent of all for acquiring land has been diluted and a new provision will apply prospectively and not retrospectively. The Ministry has come out with a statement that [...] Continue Reading »
