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Real Estate Briefing - Categorized | Market Moves, Regulatory more

India: High compensation = high property prices

Posted on 08 August 2011

Draft Bill on land acquisition pegs compensation on market value but how government agencies will reach this value remains a concern.
In response to farmers’ agitation in the last few years over faulty land acquisition and poor compensation—the Tata-Singur fiasco in West Bengal, Posco in Orissa or the recent farmers’ agitation in Noida—the ministry of rural development is planning to replace the archaic Land Acquisition Bill, 1894. It has come up with the draft of the National Land Acquisition and Rehabilitation and Resettlement Bill, 2011 and has placed it in the public domain till 31 August for comments. If passed, it will replace the existing bill……………………………………….Full Article: Source


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