Farmers must get land's potential value - DLF Chairman

Mr. K P Singh

In India land acquisition for industrial  (SEZ) and residential projects has become a controversial issue with farmers demanding higher compensation in Noida Extension, on the outskirts of Delhi, which they claim was acquired at throwaway prices..

Recently  the Allahabad High Court directed that land in Noida Extension be returned to farmers, sending ripples across an industry hit by high home loan interst rates and low sales.

Mr. K P Singh, Chairman of DLF Said " Two revolutions are happening. One is a revolution related to transparency and the second is related to acquisition of land. Without land, how can you have development of roads, highways, townships, etc? But it must be done based on rationality. If the government is able to settle these issues in the new land acquisition Bill, then we will be a winner, otherwise we will continue with the problem,"

Mr. K P Singh also said  "All policy framework since Independence has been done by urban people. There is no true representation from rural areas.
Government to make rehabilitation integral to land acquisition in the new Bill and said instead of a one-time payment, an annuity-linked payment system stretching over a period of time should be devised. Land is an emotional issue for the farmer in India. You cannot deal with his reaction by giving him money. Pay the money, but pay the right money.""
In Haryana farmers receive annuity for 30 years.

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