"Simpler land acquisition will increase affordable housing."

Real estate industry ushered in the Cabinet's decision, amend the Land Act, saying it would increase construction of affordable housing.

The Land Acquisition Act regulations require significant changes, including the removal of four agreed to the terms of acquisition of land, affordable housing.

"These amendments will have a positive impact .... We hope the new specification to ease the excessive delay large-scale infrastructure and affordable housing projects in the land acquisition process, seen so far.

"Expropriation of land is a major obstacle .... developer projects can be executed faster rate, rising costs can be controlled (and revision)," Tata Housing Managing Director and CEO Brotin Banerjee said.


Magazine said the amendments can range, for example, faster processing specification, which will help bring the country building activities organized by real estate more segments.

"step will remove roadblocks, and help developers get faster approval .... land farmers will get a better deal as the new rules, even if the land is under the age of 13 and other acts like railroad acquisition will apply behavioral State Road ...... provisions will now be unified in compensation. "

  "the terms agreed to exempt industrial corridor will promote other areas of commercial real estate, as well as along the corridor, which is a welcome move."

source : WEB