Real Estate Forum on Land Bill Draft

Latest Answer: Hi Dinesh, there are high chances that the rates might go up or down, but it might bring development in the economy in terms of real estate sector.

Latest Answer: There might be a rising effect due to the new land bill and the property prices are bound to rise, but the property investment is always going to rise.

Latest Answer: The new land bill is National Land Acquisition and Rehabilitation and Resettlement Bill, 2011. The thrust of the draft is on compensation based on market value, not less than twice that in urban areas and not less than six times in rural areas. The bill also includes employment provisions for a family member of land-seller and tenant. Consent of 80 per cent of people will be made mandatory except where land is acquired for public purpose. As per my knowledge, the land bill shall have an increasing effect and the property prices are bound to rise, but the property investment is always going to rise. There will be different land acquisition norms for rural and urban areas.