Land Acquisition Bill-VRK100-05Oct2011

Highlights of Land Acquisition Bill

Government of India has come out with a draft Land Acquisition Bill which aims to provide better market values to land owners and to safeguard the livelihoods of the project-affected people. The salient features of the Bill are:

Ø      Government will not acquire land for private companies

Ø      In urban areas, land owners will get a minimum compensation of twice the market value

Ø      In rural areas, land owners will get a minimum compensation of four times the market value

Ø      A comprehensive rehabilitation package for land owners and the landless people affected by the project

Ø      The Bill will enjoy primacy over specialized legislations