effect of reformed land acquisition act on the real estate of kochi

Q: Hi, i wanted to invest in a project in Kochi, and heard about some changes being made to the land acquisition act. How will that affect the real estate market in Kochi?

Arjun Sridhar, Kochi

4th March 2015

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Replies (13)

If the acquisition is for a private project, consent from at least 80% landowners is required. The NDA government has amended the LA Act exempting this clause. While there might be some political motivations behind the whole thing, the eventual benefit, cannot be put aside.

Rajagopal Menon, Kochi

9th March 2015

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Projects like the widening of national highways can also be included in rural infrastructure. The new LA Act introduced by the UPA Government in January 2014 has a clause that makes consent from at least 70% landowners mandatory if the acquisition is for a government project.

Maria Nair, Kochi

8th March 2015

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See, the way i see it, the reforms introduced in the LA act, will definitely help these new projects mentioned in some of the comments below. Also while some opposition is expected, i think we need to understand the fact that every thing has it's pros and cons.

Abraham D'souza, Kochi

8th March 2015

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Here is a different side to the whole thing; According to environmentalists, the changes in the LA Act will help corporates take over farm land. The changes in the Act have been introduced only to help the corporates.

Kunal Pillai, Kochi

8th March 2015

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Yeah, even i agree with the environmentalists. Though the Union government has mentioned five purposes for which land will be exempted from SIA, any project can be given the label of social infrastructure or rural infrastructure project.

Abraham D'souza, Kochi

8th March 2015

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I heard somewhere that in the case of electronic park, the plan was to acquire around 250 acres. Later, authorities decided to reduce the project to around 100 acres to exclude paddy fields. With the new reforms in LA act, things are looking up.

Rajiv Unnithan, Kochi

7th March 2015

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I know that last year, a bridge was opened at Thiruvairanikkulam. Construction of approach roads using the puramboke land and plots surrendered by people in Kodanad region will also be completed shortly. Good times for Kochi's infrastrucutre, i must say.

Nathan Saldanha, Kochi

7th March 2015

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Did you know that for the Metro village proposed at Muttom, around 290 acres of land has to be acquired. Out of this, 230 acres are paddy fields. With a planned approach, the metro village project will go on very smoothly.

Suneel Chakyar, Kochi

7th March 2015

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I came across a statement which goes like this; 'We expect the revised LA Act to help us acquire land for projects like the Metro village and the electronic park at Amballoor," an official with the revenue department said. I hope this helps.

Krishna Abhijath, Kochi

6th March 2015

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Yes, If the project is being done under PPP, the ownership of land must continue to be with the government to avail all relaxations. As per the revised Act, multicrop irrigated land can also be acquired for these purposes.

Vivek Varrier, Kochi

6th March 2015

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Let me add to that, as per proposed amendments, the mandatory "consent" clause and SIA will not be applicable if the land is acquired for five purposes such as national security, defence, rural infrastructure, including electrification, industrial corridors and constructing social infrastructure following the public-private-partnership (PPP) model.

Ashwini Eradi, Kochi

5th March 2015

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Well, the main proposal to remove the clause which makes social impact assessment (SIA) mandatory prior to the implementation of mega projects will be helpful for these projects caught in environmental issues. That's the only change i remember

Vikesh Vaidyar, Kochi

5th March 2015

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Hey, yeah changes in the Land Acquisition Act proposed by the new Union government have given a new lease of life to mega projects such as the Metro village and Amballoor electronic park in the district. Good, right?

Naresh Valiathan, Kochi

4th March 2015

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