Land bill may increase land and housing unit prices

There are apprehensions about the proposed Land Acquisition Bill. CREDAI believes that if the bill is cleared,it may lead to an increase in land prices and housing units, which would discourage developers from taking up big projects. Recently, the bill was cleared by the Union Cabinet and the consent of 80 per cent of owners has become mandatory for private projects. In the case of PPP projects, the bill makes obtaining the consent of 70 per cent of the land owners mandatory.