Land acquisition simplified in Uttar Pradesh
Uttar Pradesh government has simplified the land acquisition process under which land could be sold through a simple agreement between the seller and the buyer
Mar 20, 2015
Source : The Financial Express
Akhilesh Yadav, CM Uttar Pradesh


Lucknow: Even as opposition parties stoutly opposed the Centre’s land bill, Uttar Pradesh government has simplified the acquisition process under which land could be sold through a simple agreement between the seller and the buyer.

The mutually agreeable route for land acquisition was approved at a meeting of the state cabinet chaired by Chief Minister Akhilesh Yadav here yesterday, official sources said today.

The initiative was taken keeping in mind the complexities and time-consuming procedures laid down under the Land Acquisition Act of 2013, they said.

The mutually agreeable route for procuring land from their owners was first adopted by the state government for the Lucknow Metro Rail Project.

This time the government was apparently forced to go for direct sale procedure to overcome problems in procuring land for Agra-Lucknow Expressway in certain belts of Hardoi, Agra and Kannauj.

The move is expected to pave the way for development and infrastructure projects that were held up because acquiring land for them under the existing act was proving to be a major hurdle for the implementing agencies.

The process would be available for all government departments, autonomous institutions, local bodies, boards and development authorities for public-private partnership projects.

The significant decision has come at a time when over a dozen opposition parties are up in arms against what they call an “anti-farmer” Land Acquisition Bill, which was passed last week in Lok Sabha.

Yadav, whose Samajwadi Party is in power in Uttar Pradesh, had earlier this month said that acquisition of farmers’ land by the Centre would not be allowed at any cost and the precious land of farmers could not be taken without their will.

Official sources said compensation for land acquired in urban areas will not be more than two times the market value /circle rate and in the rural areas, not more than four times the market value/circle rate of the land.

Land owners will also be paid for the property, trees and standing crops on their land. If land cannot be acquired through mutual agreement then action would be taken under the provisions of the 2013 Act and the concerning government orders, an official said.

He said the new land acquisition policy will do away with the complex procedure and present a better system for land acquisition which will ensure proper value of land, consent of sellers and rehabilitation of affected people.

At present the government acquires land under the Land Acquisition Act enforced by the UPA regime.

This entails notification of all land, followed by acquisition, possession, and finally construction. But, the new system proposes to bypass the four provisions of the existing Act.

Under the new provision, the land owner will be compensated for construction, crops and trees apart from the land.

Additional District Magistrates (Finance and Revenue) will be entrusted with the task of settling compensation for land costing up to Rs 10 crore, while for a higher value the decision will be taken by a committee headed by the respective district magistrate.

The committee would take care of rehabilitation and resettlement of people as well.

Latest Realty News

Mar 20, 2015
Mumbai: Acche din seem to have come for office properties
Mar 20, 2015
Mumbai: The latest blueprint for the development of Mumbai proposes to repeal a 24-year-old rule that led to a flurry of construction in the distant northern suburbs
Mar 19, 2015
Kolkata: Bengal nun rape case might had a “real-estate link” involving people interested in a vacant plot which the school didn’t want to sell
Mar 19, 2015
MUMBAI: Religare Global Asset Management, part of Religare Enterprises, is working on a plan to build a portfolio of socially relevant assets including hospitals, schools, retail malls and cinema halls that can be listed under a Real Estate Investment Trust
Mar 19, 2015
MUMBAI: Country's debt-laden property developers are turning to deep discounts, free parking spots and even gimmicks like gifts of gold coins and motorbikes
Mar 19, 2015
MUMBAI: Citizens will have to pay around 27% more as property tax if a civic proposal for calculation of property tax in the city is not approved by March 20
Mar 19, 2015
Mumbai: While most private equity (PE) funds in real estate are struggling with exits, ASK Group seems to be bucking the trend
Mar 19, 2015
Singapore: Practice of investing in real estate with untaxed income or unaccounted wealth is widely prevalent in India
Mar 19, 2015
New Delhi: Last month, rumours were rife that Alia Bhatt might move out of her family home
Mar 19, 2015
Mumbai: Shares of Maharashtra-based realty companies are on buyers’ radar after the floor space index (FSI) booster in the state

Latest Realty News Of State

Realty Talk's