The Haryana assembly on Wednesday removed the limit on land ownership by a person or entity in case of non-agricultural land in urban and industrial zones. This comes after a recent Punjab and Haryana high court observation on "grave violations" of land ceiling laws by real estate companies, several of which own hundreds of acres of land. The assembly passed the Ceiling on Land Holdings (Amendment) Bill, 2011, which is...
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Builders start protest in Belapur for Anna, end at hypocrisy by Kishore Rathod
They may be the pillars of corruption in India, routinely demanding 50% of the payment in black, but the builder fraternity thinks nothing of coming out on the streets to join Anna Hazare’s crusade against corruption. A delegation of more than 50 Developers staged a morcha in Belapur under the banner of Maharashtrian Builders’ Association in Belapur, to voice their support for Anna. Barely a few hundred metres from the site of...
More »New clause in land acquisition bill will have retrospective effect
-The Economic Times A clause introduced in the draft land acquisition bill will bring cases where the award of land is underway or possession has not taken place within the scope of compensatory and acquisition norms. This will make private Developers, industries and the government, who are currently involved in the process of acquiring land, shell out generous compensation packages to land owners with retrospective effect. "The new clause that we...
More »Land acquisition bill in monsoon session of Parliament will go a long way in addressing contentious issues by Prabhakar Sinha
Land is the most important ingredient for the development of real estate and infrastructure. For quite some time now, land acquisition had become a contentious issue in the country, which has threatened not only the industrial development but also planned growth of cities in the country. In this backdrop, the central government's decision to introduce a land acquisition bill in the monsoon session of Parliament will go a long way...
More »Only 19 projects were denied green clearance from 2008 to Aug 2011 by Nitin Sethi
Are environmental clearances delaying industrial development in the country? Some in the government might claim so and argue for further easing of green norms but government data shows otherwise. In the past three years, the rate of rejection of projects for environmental clearance was an insignificant 1.13%. Out of the 1,689 projects that the environment ministry decided upon from 2008 up to August 2011, only 19 were rejected. The ministry...
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