Nearly 6,800 acres have been acquired by real estate developers and investors for more than USD 12.2 billion during 2018-22 period to construct greenfield realty projects, according to property consultant CBRE India. The consultant released a report 'Indian Real Estate - Betting on a Capital Future' on Tuesday. "The land acquisition space has been buzzing with higher interest primarily from developers in the recent past. On a cumulative basis, nearly 6,800 acres of land have been acquired by developers and investors during 2018-22," the report said. The activity has especially accelerated in the past two years, with nearly 60 per cent of the land being acquired from January 2021 onwards. "The fact that 2022 was a landmark year in terms of land activity is indicative of the long-term bets that investors are willing to take on the real estate sector in India," said Anshuman Magazine, Chairman and CEO - India, South-East Asia, Middle East and Africa, CBRE. The report mentioned that o
Section 24 of the Act deals with situations under which a land acquisition proceedings shall deemed to have been lapsed
Senior advocate Shyam Divan and other counsels appearing for various farmer associations and individuals said that Justice Mishra should recuse himself from hearing the matter
This issue cropped up while the apex court was hearing a clutch of petitions challenging the validity of provisions related to compensation in the Land Acquisition Act
The court has to decide whether private companies, under some circumstances, can continue to enjoy the advantage the colonial-era land acquisition law gave them over land owners
Congress president's letters to chief ministers of Chhattisgarh, MP and Rajasthan asks them to 'review the implementation' of the Land Acquisition Act.
Says there is no simple solution to this source of high price of land