Real Estate

Maharashtra to amend Land Acquisition Act

| Updated on: Jan 17, 2018

The Maharashtra government on Wednesday decided that land acquired for public and private purposes in rural areas will get four times the market rate.

Suitable changes will be made in the Maharashtra Land Acquisition Act, 2013, it was decided at a Cabinet meeting.

Merger of Acts

According to a press statement issued by the Chief Minister’s Office, Maharashtra State Highways Act, Maharashtra Industrial Development Corporation Act, Maharashtra Regional Town Planning Act and Maharashtra Housing and Area Development Authority Act will be incorporated in the Maharashtra Land Acquisition Act so that land acquired under these Acts will get the same compensation.

Published on January 17, 2018

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