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The Act changed the norms for acquisition of land for use by private companies or in case of public-private partnerships, including compulsory approval of 80% of the landowners. The Act also introduced changes in the land acquisition process, including a compulsory social-impact study, which need to be conducted before an acquisition is made. [4]
Union Of India, filed by R. C. Cooper, popularly known as the Bank Nationalization case, held that the Constitution guarantees the right to compensation, that is, the equivalent money of the property compulsorily acquired. The Court also held that a law which seeks to acquire or requisition property for public purposes must satisfy the ...
The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (also Land Acquisition Act, 2013 or LARR Act [1] or RFCTLARR Act [2]) is an Act of Indian Parliament that regulates land acquisition and lays down the procedure and rules for granting compensation, rehabilitation and resettlement to the affected persons in India.
Land acquisition in India is currently governed by the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, which came into force on 1 January 2014. [16] Until 2013, land acquisition in India was governed by Land Acquisition Act of 1894. [17]
Jun 2021: 5,260 hectares of required land has been acquired till 30 June. [26] [27] [28] Aug 2021: 6,532 hectares (around 90%) of required land has been acquired till 16 August. Punjab National Bank (PNB) approved ₹5,100 crore loan for this project on 21 August. [29] Sep 2021: Around 93% of land acquisition completed. The Uttar Pradesh ...
The Land Acquisition Act of 1894 is not the only Act surviving from the times of British India. Indian Penal Code of 1860 forms the backbone of criminal law in India. Modern India's laws, like the laws of many economically developed countries such as the United States, are largely based on English common law. [8]
Builders try to acquire this land by offering a small premium above the government's rate for the acquisition of the land. If landowners farmers still resist the sale, then Section 6 of land law is applied by declaring the government's intention to acquire land, which forces the reluctant farmers to sell the land to builders at small premium.
DLF Limited (formerly Delhi Land & Finance) is an Indian commercial real estate development company. It was founded by Chaudhary Raghvendra Singh in 1946, and it is based in New Delhi , India. [ 2 ] [ 3 ] DLF has developed residential colonies in Delhi such as Model Town , Rajouri Garden , Krishna Nagar , South Extension , Greater Kailash ...