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Real Estate Forum on Land Bill

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: How long will it take for the government to solve the land issue?

Latest Answer: I need to add that around 4,012 cases regarding reference under Section 18 of Land Acquisition Act for enhancement of payment to landowners are pending before the 11 land acquisition collectors. In some of the cases the award was passed in 1969-70,
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Q: Hi, any updates on the new land bill? When it will be announced, and what can we expect from it?
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:
Is the revised land bill going to raise the rates for land and houses?
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.
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Q: I heard that FICCI has asked to make changes in Land Acquisition Bill. What are the changes to be done?

Latest Answer: The Bill is on hold as FICCI is concerned on the after affects of the bill.. It thinks that this bill will not be favourable for overall economic development of the country. There is a strong need of few changes..
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