The contentious Land Acquisition Bill, that has been a talking point since 2013, was finally introduced in the house with some amendments by the present government and has met the acclaim for some parts. Some amendments made to the bill are aimed at developing infrastructure, real estate and facilitating industries. One of the highlights of the Bill is that the new amendments will help the companies stuck out in land acquisition, by making the process easier.
The Land Acquisition Bill 2015 will act as a great boon for real estate sector. It will directly affect the real estate in India, because it will make the process of land acquisition easy, so that the acquired land can be used in development of industrial areas and major highways and expressways. This Bill affects the real estate business, especially the planned infrastructures like roads, airports and residential housing projects in India. [Read more…]