rehabilitation
It is feared that several infrastructure sectors – from road, to railway and power – may see three-fold jump in acquisition cost due to the new land acquisition law. The road transport and highways ministry has asked government to increase Budgetary allocation for land acquisition. The ministry also suggested the government to seek opinions from [...] Continue Reading »
Delhi’s development faces a hard time due to lack of full statehood. As per the new central law on land acquisition that was in effect from January 1 the union territories have to vest all powers in centre leaving authorization in land acquisition for projects. Therefore, there is a dusk of ambiguity over at least [...] Continue Reading »
Maharashtra government’s decision to extend the cut-off date by five years to January 1, 2000, from the earlier January 1, 1995, may help speed up execution of slum re-development projects but the real estate developers are not completely satisfied and want more. CREDAI chairman, Mr. Lalit Kumar Jain says, “To some extent, this scheme will [...] 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 »
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 »
In the light of repeated complaints regarding poor drinking facilities and water supply in the rehabilitation settlements built in Chennai, the Chennai Corporation has asked the slum clearance board to provide basic amenities in the housing board quarters for the poor population. Earlier the corporation instructed all the 200 ward councillors in the city to [...] Continue Reading »
Plots near Lilavati Hospital is soon going to see many development, thanks to Oberoi Realty. Oberoi Realty, a real estate based company is in the advanced stage of making a deal with Om Metals Consortium. The deal consists of a development project worth Rs 800 crore at Bandra Reclamation. The 6 lakh square feet plot [...] Continue Reading »
