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India: Land acquisition bill to increase land, housing prices

Posted on 08 September 2011

Land acquired by private companies should not be covered under the land Acquisition Bill as this would lead to a sharp rise in land cost and affordable housing would become impossible, realtors’ body CREDAI said today.
“Land acquired by private companies cannot be subjected to Land Acquisition, Rehabilitation and Resettlement Bill, 2011. It will only increase the cost of land and concept of affordable housing will be defeated,” the Confederation of Real Estate Developers Associations of India (CREDAI) President Lalit Kumar Jain said……………………………………….Full Article: Source


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