Land Acquisition Bill May Boost Property Prices

Land acquisition bill may boost the property prices in the urban cities. Investors expect land acquisition bill to provide more clarity to the land acquisition process.
Property prices may go up with land acquisition bill

Property prices may go up with land acquisition bill.

The farmers may be happy to see the parliament passing land acquisition bill. Once the bill gets through the parliament the farmers will be sure of gaining more rights on their land parcels.

Though the bill will bring clarity to the land acquisition; the bill will affect the property prices severely. The prices will shoot up as the bill stands for the consent of the land owners, at least four- fifth of the entire land holders.

Industries also fear that the cost of the projects will be costlier. The land acquisition bill forces them to pay an amount, four times higher than the market price, in the rural areas.

The bill also asks them to pay a double the market price for the land in the urban areas. Project development will not be as easier as the builders have to get the permission of the land owners. Continue reading

Land Acquisition Bill, No Consensus Reached

No consensus was reached on land acquisition bill in the all-party meet held on Tuesday. The suggested land acquisition bill was strongly opposed by the opposition leaders.
Land acquisition bill: No consensus yet.

Land acquisition bill: No consensus yet.

Farmers, whose lands are acquired by the government for the development of infrastructure and industrial projects, will have to wait longer. As against their expectation, the things went. It could be, as it seems, their fault to expect the government to approve land acquisition bill.

Farmers expected to get the compensation soon from the government after approving the land acquisition bill (amendment).

It was true that the government was in a hurry to pass the bill soon so as to speed up over a dozen of slow-moving projects. However the efforts of the government went in vain as no consensus on the bill could be reached in the all-party meet.

Slow land acquisition process is one of the main reasons for delayed projects. The government expected to boost the country’s downturn economy.

The government proposed speedy approval of land acquisition bill. However this was questioned by the opposition parties who did not consent with the bill.

All-party meet does not reach any consensus on land acquisition bill

All-party meet does not reach any consensus on land acquisition bill

If the government could pass the bill in the all-party meet it would have provided them an advantage in the upcoming general election. Fortune of the government would have improved or it was expected to do so.

Though the bill was approved by the Cabinet in last December, it still faces strong opposition from the parliament. So far the bill has undergone amendments almost 160 times. Still the parliament opposes the bill.

On the verge of the approval of land acquisition bill, the shares of the real estate firms have gone up. Shares in realty firms had climbed up by 11%. The main push in the sector was the consensus on the bill, which did not happen as expected.

Industries fear that the property prices will go up sharply in the rural and urban areas. The market price for land may also get doubled, making many more people homeless.