COST OF LAND FOR HIGHWAYS HAS GONE UP 6 TIMES DUE TO LAND LAW
The new land acquisition law has ended up pushing up the cost of buying land for highway projects by almost six times in a span of four years with National Highways Authority of India (NHAI) estimating the initial price per hectare at around Rs 3 crore during the current financial year, compared to Rs 56 lakh in 2011-12. But also thanks to higher compensation, landowners are more willing to offer land for acquisition – there are positive indications that now there are fewer objections from owners as farmers are also getting greater financial benefit.
- 28 Jul 2015
- WerIndia
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