Updated:  |   |  WWW.INDIANREALTYNEWS.COM

 

« Real Estate Market of Punjab on Development Track | Home | Delhi Development Authority Taking Delhi to New High »

States to Follow Rules to Buy Farmland

March 21, 2007
 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 (Be the first to rate this story!)
Loading ... Loading ...

The Nandigram episode has persuaded the Centre to bring amendments to the Land Acquisition Act, 1894 that will prevent state governments from acquiring the farmlands for private parties.

The day rehabilitation policy will come into effect; builders constructing special economic zones (SEZs) would be negotiating directly with the farmers holding the land.

There is a clause mentioned in the Rehabilitation and Resettlement Bill which does not allow the state government to acquire agricultural land on behalf of industrial promoters, says Raghuvansh Prasad, rural development minister.

The draft bill has already been sent to the law ministry for its nod. A change in the Land Acquisition Act will need a constitutional amendment.

The bill will be forwarded to the cabinet next week and likely to come up in the second leg of the budget session, adds the minister. It may affect the pace of industrialization.

There are many farmers who do not favor selling their land for a number of reasons. This can block mega investment and growth of the region.

The commerce ministry has asked development commissioners of SEZs to verify manually the status of the proposals whether the land acquired by property developers vacant and undisputed or not. The DCs will personally meet original land owner to check the same.

The ministry has relaxed the rules for the property developers who would apply for huge multiproduct SEZ to be developed over an area of 1,000 hectares. Two land segments being separated by road, railway line or another tract of land which a developer is not able to acquire may be considered contagious if they are linked with an underpass or an overpass.

Also, the proposals where land was yet to be acquired by the developers would have to be abide by the proposed rehabilitation policy, adds the ministry.


News Published Under:   Real Estate India |



Add to Favourite:
:  

Did'nt find what you are looking for? Try this…..

 


Related News:


  • Farmers Vow Not to Let the State Grab Their Land
  • Farmers at the losing end in land sale deals
  • Southern States Lead in SEZ Race, Haryana Leads the Chart in North
  • SEZs under Scrutiny
  • DLF to Buy Gurgaon SEZ Land at Market Rates
  • Govt green light for 14 more SEZs
  • Centre to Notify Amendments in SEZ Rules this Week
  • SEZ Builders Must Pay Actual Land Value, says Rahul Bajaj
  •  

    Comments

       

          

                          

    Real Estate News Alerts
    Get Latest Property Updates
     


    Recent Comments
      • swapna: I am looking for a house for rent or sale in Vadap...
      • Suresh: Hi man Chennai Velacherry rate is Rs/8600 per Sqf...
      • ravindran: I hope that Coimbatore will be the next IT destina...
      • B.Anand: Dear Editor, Please update on the Bombay High Cou...
      • Vivek: It is height of foolishness comparing Dhanbad with...
      • Mahesh: Its cost step and initiation from Red Fort cap. Ge...
    Property Prices