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Real Estate Forum on Bill

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Q: What will be the impact of land acquisition bill in the real estate market ?

Latest Answer: Hi Guys, According to Finance Minister, it is not a setback. It is set forward. Rather than involve ourselves in political deadlock and remain parked in a traffic jam situation, we should take the possible route, which has lesser political cost, provide greater freedom to the states... and states who want to get benefit out of it, get the benefit out of it.
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Q: What will be the position of the real estate sector in West Bengal after that amendment made on land bill?

Latest Answer: State government does not support constructing large townships anymore for the land is scarce. As a result projects will not receive FDI's. To know more click here- Township projects will not be promoted in West Bengal anymore.
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Q: What is the status of the West Bengal Bill as it was suppose to get launched in the winter?

Latest Answer: The West Bengal Government has put a halt on Land Requisition and Resettlement Bill which had all compensation clauses for land acquisition. The actual release has not yet decided and they have planned to present the bill in any session as per their convenience.
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Q: What is the bill on land all about?
Latest Answer: The West Bengal Land Acquisition Laws Bill, 2011 was declared in the state assembly and the bill contained clauses on compensation to land owners.
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