Land bill will mean four times compensation, "adversely affect" real estate, industry projects: CRISIL
Counterview Desk The CRISIL Research -- which has made a quick assessment of the impact of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012 (formerly known as the Land Acquisition, Rehabilitation and Resettlement Bill, 2011) on real estate, infrastructure and industry -- has said that the Bill will lead to “increase in the gestation time of projects and overall costs.” The Bill was passed in the Lok Sabha on August 30, 2013. The bill, which replaces the century-old Land Acquisition Act, 1894, proposes a unified legislation for acquisition of land and adequate rehabilitation mechanisms for all affected persons.