A bill for amending regulations governing compensation amount payable for acquisition of immovable property by the central government for defence and security purposes was moved in the Lok Sabha today.
The 'Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017' was moved by newly appointed Urban Development Minister Hardeep Singh Puri.
The bill seeks to amend a provision to allow the Centre to re-issue the notice of acquisition in order to ensure that the property's owner gets an opportunity to be heard.
According to the government, there could be situations that result in prolonged litigations and if the apex court quashes the notice of acquisition, there might be astronomical hike in compensation amount on account of market value appreciation.
Against this backdrop, the bill seeks to amend a section of the Requisitioning and Acquisition of Immovable Property Act to "enable the central government to re-issue the notice of acquisition to the owner or such other person interested in the property, for the purpose of giving an opportunity of being heard".
It was originally to be introduced by M Venkaiah Naidu, who resigned as Urban Development Minister after being nominated as a candidate for the vice presidential polls in July.
Participating in the debate Ramesh Bidhuri (BJP) said it will help unscrupulous element from taking undue advantage by misusing the litigation process.
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