Controversial Land Acquisition Bill cleared by Union Cabinet, land prices expected to rise

A A

Agencies: New Delhi, Dec 13 2012, 21:32 IST

see how the situation unfolds in coming days as that will be crucial for any future decision," DLF Group Executive Director Rajeev Talwar said.

He said the company already is acquire land with full consent of the owners, so it does not see any problem on the same.

Leading consultant Jones Lang LaSalle India Chairman and Country Head Anuj Puri said demand of housing projects will be affected in future with passage of the Bill in the Parliament.

"Cost of land will go up and developers will pass on the additional burden to consumers. Definitely, it will affect the demand if prices go up beyond the capacity of a home buyer," he added.

Ads by Google

Single Page Format

Previous | 1 | 2 | 3

SPG to clear jammers to be installed in jails by state govts Land Acquisition Bill to fix time frame for settling disputesCabinet to take up urea policy to revive private investment Land bill in cabinet today, changes propose retrospective application

Previous Story Rupee falls for 2nd day, loses 14 p to end at 54.46 on $ demand Next Story Amazon launches Kindle store in China, could pave way for Kindle

Reader's Comments (1)| Post a Comment

Fe Comment

T. Gouri Sankar | 15-Dec-2012Reply | Forward

the retrospective clause also to be added for this LARR Bill. So that all pervious acquisitions will also come under this bill. There are lot of lands acquired by government for various projects are lying unutilised since 20/30 years. if the land owners wants to take back their lands, the government has to give back their lands with taking back the money paid to them, as they are unable to utilise it. I am also one of the victim for this. My land was acquired 25 years back and no activity was did till now. Now I want to take it back. Like me, I feel lot of families were effected in India. Government may consider this type of situations. If possible this news channel may take my views to the concerned officials to do the needful to give retrospective effect for this amendment I hope this type of facility available in this upcoming bill.