nc_gupta

Not sure if this has any impact on ongoing projects in these sectors


In a setback to Haryana Urban Development Authority's (Huda's) plans to set up residential units in nine sectors under Gurgaon Master Plan 2025, the state government has stopped the acquisition of land in these sectors. About 650 acre of land in the sector 58-63 and 65-67 was to be acquired for residential and commercial purposes respectively and the process for which had begun last year.

About 35,000 plots were estimated to be carved out in the area along the Southern Peripheral Road (SPR) Expressway.
The state government told the Punjab and Haryana High Court that it has decided to reconsider the case of acquisition of land for developing new sectors.
A total of 58 new sectors were to be carved out under the Master Plan 2025. Gurgaon already has development in 57 sectors.
The acquisition has been challenged by the land owners who filed around 69 petitions on the ground that after acquisition the government had released the land of many influential land owners in connivance with developers in an arbitrary
manner. The petitioner said that the government was not releasing their land even though it has released 50% of the land acquired in June, 2009.

Jassowal

Land Bill: irrigated land won't be acquired

New Delhi: The Land Acquisition Pre-settlement and Rehabilitation Bill 2011 suggests that under no circumstances should multi-cropped, irrigated land be acquired. The government put the Land Acquisition Pre-settlement and Rehabilitation Bill 2011 in public domain on Friday. The draft bill is now available on the Press Information Bureau website.
The draft bill also says that the government can acquire land only for public purpose and that the land acquired for public purpose requires consultation and not consensus. It says that if land is acquired for any other purpose than public purpose, a consensus of 80 per cent affected people is required.
It says that land acquisition must take place in a manner that fully protects the interest of the land owner and also of those whose livelihood depends on the land.

Stressing on the importance of infrastructure, the bill says urbanization is inevitable and that industrialization has to accelerate.
The draft bill seeks to balance the need for facilitated land acquisition for various public purposes while at the same time addressing the concern of farmers and the landless.
It also states that the new land law will be in compliance with all existing laws on tribal welfare.


( THIS IS FROM CNN IBN. ibnlive website)

Jassowal

The bill states:

"This implies that in case of urban areas, the award
amount would be not less than twice that of the market
value determined, whereas in rural areas it would be not
less than six times the original market value"


It also says that urgency clause can only be used in following cases:

1. National defense and security purposes
2. R&R needs in the event of emergencies or
natural calamities
3. To be exercised in ‘rarest of rare’ cases



One fact is sure: It will be much more expensive and difficult to acquire land now.

raja625

What's the impact on ongoing projects and which projects will be affected? Anybody?

sh-saxena

Can anyone revert on impact of this on Merlin (Sec 67) and the new IREO (Sec 67A).

nc_gupta

Is gurgaon going the noida way. I am scared

sh-saxena

Yeah, I was checking out new IREO and Merlin for investment/possible end use. The builders of these maybe having clear land titles(hopefully) but the fact that these areas will forever be surrounded by villages will bring its value down.

amit001

Guys the notice says that government has stopped new acqusition, it doe snot says the land which has already been alloted can be taken back...

Venkytalks

New acquisitions are now difficult.

Old land banks are now much more valuable - property prices are likely to double after this law is actually passed.

Industry is likely to object to this vigorously in various ways - this will make India very backward

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Venky