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Real Estate | August 30, 2013
#38526

Lok Sabha passes Land Acquisition Bill

The Land Acquisition and Rehabilitation Bill was tabled in the Lok Sabha on August 29 amid bedlam by the Opposition members. The most significant feature bill passed is that the consent of 80 per cent of land owners' concerned is needed for acquiring land for private projects and of 70 per cent landowners nod for public-private projects. The Bill seeks to replace the colonial-era Land Acquisition Act, 1894.    

The bill also defines public purpose. It includes mining, infrastructure, defence, manufacturing zones, roads, railways, highways, and ports built by government and public sector enterprises, land for project-affected people, planned development and improvement of village or urban sites and residential purposes for the poor and landless and government-administered schemes or institutions, among others.

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