The Ministry of Rural Development has posted 'The Draft National Land Acquisition and Rehabilitation and Resettlement (R&R) Bill, 2011' on its website ( )for public comments.
R&R provisions will apply only when private firms buy land, equal to or more than 100 acres, on their own and if they approach the government for partial acquisition for public purpose, according to the draft bill.
The CREDAI, which has more than 6,000 developers as members.
It's president Lalit Kumar Jain Said, ''That the provisions of rehabilitation and resettlement to land owners for private land transactions is "unwarranted" and should be done away with. The draft bill is detrimental to urbanisation. The township development would be very difficult. No private land acquisition should be covered under the proposed Act. If this is covered, housing prices will go up multifold. Now, the private transactions happen on mutual consent and at fair market value."
According to the draft bill, In case of urban areas, the compensation 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, R&R package also includes giving certain percentage of developed land back to landowners, housing and employment among others to the affected farmers.
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