Land Acquisition Bill will help economical use of land: PC
Aug 30, 2013
Source : The Economic Times


DELHI: The Land Acquisition Bill will help in economical use of land which is a scarce commodity in the country, government today said.

Ruling out any adverse impact of the Land Bill and the Food Bill on financial markets, government said the two legislations have been debated upon for months and was factored in by the markets.

"People will now realise land is a scarce commodity and it must be economically used," Finance Minister P Chidambaram said after the Cabinet meeting.

He said "we have debated it. We believe that the Land Bill strikes a fair balance and renders a long-denied justice to those who are being deprived of it."

On its huge cost that may affect the market sentiment, Chidambaram said "it is completely wrong to say that the markets are spoofed or the markets are enthused by this Bill. These have been factored in long ago by the markets."

He said the Food Bill and the Land Bill have been there and debated for many months.

"The Food Bill and the Land bill have been in public domain for many many months. These two bills have been debated for many months," the Finance Minister said.

Asked whether the cost of projects will increase many times on account of high land acquisition cost after this Bill, Chidambaram said land as a proportion of project cost is an extremely small cost but will give other benefits like people now economising on land.

On the Food Bill, the minister said the Rs 90,000 crore earmarked during the current fiscal for PDS distribution and Food Security Bill will be enough for the remaining five months of the year.

Latest Realty News

‘Real Estate Regulation and Development Bill 2013 a positive step’
Aug 30, 2013
MUMBAI: The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects. Also, the current FDI norms also make it difficult for smaller developers to access capital easily.
An integrated township encompasses all aspects of modern day living within a secure gated community
Aug 30, 2013
PUNE: A homebuyer in an integrated township can be assured of a vastly improved quality of life. Away from the chaos of city life, integrated townships promote holistic living and appeal to every age group – the young, the middle-aged and the elderly. More and more homebuyers are opting for township projects today because of the numerous benefits they offer.
Infrastructure developments are pushing Ghaziabad’s realty growth
Aug 30, 2013
DELHI: Ghaziabad’s master plan has provided for the construction of world-class infrastructure in this area, turning this fast-developing city into one of the most preferred locations in the Delhi NCR.
NAREDCO NIUA organises national conference on compact cities
Aug 30, 2013
DELHI: National Real Estate Development Council (NAREDCO), in association with the National Institute of Urban Affairs (NIUA), is organizing a National Conference on ‘Compact Cities: The need for Futuristic and Sustainable Habitats’ on Friday,30th August 2013, at India Habitat Centre, Lodi Road, New Delhi.
Anil Sharma, President, CREDAI(NCR) on LARR Bill
Aug 30, 2013
DELHI: Quote of Mr Anil Kumar Sharma, President, CREDAI-NCR on ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012' tabled in Lok Sabha today.
Ajay Agarwal, MD, Microtek Infrastructure Pvt Ltd on LAAR Bill
Aug 30, 2013
DELHI: Quote of Mr Ajay Aggarwal, MD, Microtek Infrastructure Pvt Ltd on ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012' tabled in Lok Sabha today.
SMR Holdings to invest Rs 1,000 crore in satellite township project
Aug 30, 2013
HYDERABAD:Real estate company, SMR Holdings today announced the launch of a satellite township project close to the IT hub of Hyderabad.
Credai study to assess demand-supply scenario at Hyderabad
Aug 30, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) Andhra Pradesh Chapter is commissioning a study to assess the demand-supply situation in the real estate sector in the rapidly expanding metropolis of Hyderabad.
Nitesh Estates launches Rs 300 cr project in Bangalore
Aug 30, 2013
DELHI: Realty firm Nitesh EstatesBSE 3.28 % today launched a housing project, Nitesh British Columbia, in Bangalore with an investment of Rs 300 crore.
Is real estate next in line to collapse?
Aug 29, 2013
DELHI: While the spotlight so far has been on the rupee and the equity markets, real estate prices have started to bear the impact as well. A Business Standard report points out that of the 26 cities surveyed by the National Housing Bank (NHB), as many as 22 including Delhi, Mumbai, Pune, Bangalore and Chennai saw a drop in property prices during the April-June quarter, compared to the first quarter of this calendar year. An all-round squeeze in liquidity and dearth of buyers have led to a fall

Latest Realty News Of State

Realty Talk's