LG allows DDA to buy private land directly

Delhi/NCR
In a major shift in policy for acquiring private land, which till now had to be done based on guidelines of the New Land Acquisition Act, Delhi LG approved DDA’s proposal to buy it directly. Officials say implications of this policy change will be quicker acquisition of land and, thus, quicker delivery of projects.

“Land acquisition under the new Act had become cumbersome and time consuming. Due to this many infrastructure and housing-related projects were held up as DDA was not able to acquire land,” said a senior authority official. He added that keeping this in mind the LG approved the policy of purchase of private land through negotiations.

However, sources say that several checks have been introduced in the process of acquiring the land to avoid allegations of corruption or forced buyouts.

There will be two committees for negotiation. The first committee will be headed by the area’s chief engineer and will have senior members and legal experts on the panel. This committee will work out the compensation amount as per new Act keeping in mind the market value of the land.

“The first committee will submit its recommendations to the second, which will get valuation of the land done by an independent body. The rates would then be compared with those proposed by the first committee,” said a source. The second committee will then submit its recommendations to a standing committee, which will be headed by the authority vice-chairperson. The standing committee will have the power to purchase up to 10 acres.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/lg-allows-dda-to-buy-private-land-directly/78243.html