New Delhi: Real estate developers on Monday said the Land Acquisition Bill passed by the Cabinet would make land costlier by up to 80 per cent, adversely affecting the housing development in the country.
Expressing disappointment over the Bill, which will now be introduced in Parliament on Wednesday, apex realtors body CREDAI NCR President Pankaj Bajaj said, "Farmers' interest have been protected, but the housing requirement of middle class have been completely ignored."
Bajaj pointed out that the land cost would go up by 60-80 per cent because of higher compensation offered to farmers in the Land Acquisition, Relief and Rehabilitation Bill, 2011.
The aggregation of land would also become difficult, he said....more
11:59 PM, Sep 05, 2011
New Delhi: India's urban population will more than double to over 600 million by 2035 as increasing number of people migrate to cities because of better infrastructure and employment opportunities, Finance Minister Pranab Mukherjee said on Friday. "With sustained high economic growth, the pace of urbanisation is set to accelerate. The next 25 years should see the urban population living in Indian towns and cities doubling," Mukherjee said at the...
05:18 PM, Dec 17, 2010