Land Acquistion Act is essential for the growth of the real estate industry, bringing better economic opportunities.

James, Delhi

31st December 2014

Real estate News in Delhi

land acquisition act

cabinet land acquistion bill

delhi land acquistion

delhi real estate issues

delhi real estate market

Follow Discussion

Also see discussions for

Delhi Real estate News Real estate News in Delhi

Replies (3)

Hello everyone, as the goverment looks keen on bringing reforms in the real estate sector, I would like to recommend 'The Aranya' and 'Unnati World' projects offered by Unnati Fortune Group for investment. Unnati Fortune Group is a leading real estate company in Delhi NCR and offering prestigious residential and commercial projects in Noida. The projects are equipped with all modern amenities and offer residents the life of utmost luxury and comfort. The projects are strategically placed at most inhabited sector 119 and sector 144 of Noida, and offer residents great connectivity through the Noida Expressway and FNG corridor. For more detail, you can visit: http://www.unnatifortune.com

Abhay Bhardwaj,

7th April 2015

Comment

Hi Guys,
In my point of view, this will help in checking the delay in development of infrastructure projects. This new order will finally replace the law that had hindered manufacturing and constrained the economic growth of the country and will allow companies to buy land effortlessly. This might also recover the hundreds of billions of dollars stuck in stalled projects.

Sujan Mitra,

31st December 2014

Comment

Hi,

I heard earlier, issues related to land acquisition done for city’s expansion were generally not addressed but now this will change. Post the amendments, the act now meets the safeguard policy standards of international finance institutions such as the World Bank which can encourage private investors who generally stayed away from investing in the Public Private Partnership model.

Surabhi, Delhi

1st January 2015

Hi Guys,
According to me, it is a welcome move. Such amendments always help in correcting some irregularities with bills. This can also mean that the government will be careful that it does not acquire more land than what is required. Private real estate experts must also be consulted and the process should have a timeline. Government can take help of the National Buildings Construction Corporation Ltd (NBCC) or Engineers India Ltd (EIL) to implement the process. Along with this, the government should also work towards a single window clearance.

lekshmi.sanjeev@ymail.com, Delhi

2nd January 2015

Hi James,
The recent amendments to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, is expected to ease the way for creating new hubs, townships and cities. The amendments are also expected to check the usual delay in development of any infrastructure project and will take the country a step closer to achieving the ‘Housing for All by 2022’.

Sufia, Delhi

31st December 2014

Comment

Hi Mr James,

All this is essential for the growth of the real estate industry, bringing better economic opportunities and improving the quality of life of the people living in these areas. Exempting industrial corridors from the consent clause can boost the commercial as well as other realty segments along such corridors.

Raj Roy, Delhi

31st December 2014

@ James,
As per CREDAI NCR, this move which is expected to boost the much needed infrastructure development and housing construction in the country. This shows serious commitment from the government towards bolstering economic reforms. The Act is likely to benefit the affordable housing segment the most and would help achieve the government’s ambitious plan of ‘Housing for All’.

Vibhor, Delhi

31st December 2014

@ Mr James,

As per my knowledge, this decision is intended to boost the growth in the economy and accelerate as per Modi’s plan to urbanise the nation along with ‘Housing for All’. Now, there will be a lot more clarity for investors as nobody wants to take a regulatory risk.

Richa, Delhi

31st December 2014