Land buy bill awaits parliament nod
Real Estate

Land buy bill awaits parliament nod

The rural ministry has tabled the Land Acquisition and Rehabilitation and Resettlement Bill in the parliament to pay farmers four times the market value of land they lose in rural areas and two times in urban areas The compensation for rural land has been reduced from the level proposed in the first draft, which suggested six times the value of land taken over. The bill clarifies what constitutes ‘public purpose’ and makes mandatory the consent of at least 80 per cent of the affected families for the government
to acquire land for such purposes.

Contact: Ministry of Rural Development.
Website: www.rural.nic.in

The rural ministry has tabled the Land Acquisition and Rehabilitation and Resettlement Bill in the parliament to pay farmers four times the market value of land they lose in rural areas and two times in urban areas The compensation for rural land has been reduced from the level proposed in the first draft, which suggested six times the value of land taken over. The bill clarifies what constitutes ‘public purpose’ and makes mandatory the consent of at least 80 per cent of the affected families for the government to acquire land for such purposes.Contact: Ministry of Rural Development.Website: www.rural.nic.in

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