How Land Bill Will Change India’s Real Estate Scenario? Executive Managing Director of South Asia, Cushman and Wakefield sums up by giving the following statement on the impact and acquisition bill on the country’s Real estate As he says ‘The LARR Bill is expected to majorly affect the development of large infrastructure development projects like industrial projects, township projects and if they are brought under the ambit of this law’. The most debated Rehabilitation and Resettlement and Land Acquisition, Bill, 2012 (LARR Bill) conditions were cleared by the lower house of parliament in the first half of the budget session itself. This seemed to be a very curtail bill which replaced the antediluvian Land Acquisition Act, 1894 with a new legislation where the component of compensation for resettlement and rehabilitation of the families who are affected with the project will be given compensation. At the same time, the main objective is to ensure people that vacant land should be compensated adequately. See more at: thetalkingbrick/blog/2013/09/how-land-bill-will-change-indias-real-estate-scenario/
Posted on: Mon, 23 Sep 2013 08:22:25 +0000
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