What Just Happened To The Land Bill? Let PropGuide Explain…
The news from the government is coming thick and fast. Prime Minister Narendra Modi has decided to avoid re-promulgation of the ordinance on the Land Bill that lapsed Monday.
The Opposition is now up in arms over the government's decision, accusing it of “killing” the important legislation and setting up stage for a long-drawn round of recriminations over the Bill. The Land Bill, one among the most-controversial legislations in recent times, and its future, hang in the balance.
If you're not sure what all this means, read on—we're here to decode, simplify and help you understand. Watching developments on the Land Bill keenly, PropGuide has compiled a quick rundown of some of the key stages of the Bill that have brought it to its present form.
What is Land Bill, to begin with?
It is a Bill that was feted for grand reforms as much as criticism. But it clearly lives to tell the tale:
How Land Acquisition Laws In India Have Evolved Over Time
It's all controversial because politics of the vote bank collides with certain provisions in the Bill, right?
Yes and Nn, but politicking over the Bill has been a big problem anyway. Find out yourself:
Highlights Of Land Acquisition Bill 2015
So, what's up with these revisions I keep hearing about?
Oh, this has a long history!
How Land Bill Has Evolved Over Time
It just is not farmer-friendly, the Opposition claims……and it will just help developers acquire land to their benefit.
Or will it?
Land Bill and Its Impact on Real Estate
Will the Land Bill ever get passed?
Probably will take longer. Parliament basically dampened all hopes last week:
Govt takes a U-Turn on Land Bill
How bad can it get without the Bill?
Pretty bad, industry has been arguing.
Industry Terms Lapse of Land Bill as 'Disastrous'
Such disappointment. Is there anything good to chew on?
The Indian economy is one of the fastest emerging ones in the world today. That's kind of cool, because this augurs well for real estate, too.
Hope Floats For Real Estate As Indian Economy Grows
How about rate cuts? But do they even help?
The jury is still not out - but a few facts are crystal clear.
Do Low Interest Rates Help Home Buyers?
home loan interest rates home buyers Narendra Modi Real Estate India