Lower House passes Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017

Dec 20, 2017 18:08 IST
Lower House passes Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017

The Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017 was passed by the Lower House of the Parliament, Lok Sabha on 20 December 2017.

The bill would amend regulations governing compensation amount payable for acquisition of immovable property by the central government for defence and security purposes. The bill was moved by newly appointed Minister of Housing and Urban Affairs, Hardeep Singh Puri.

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Key Provisions of the Bill

• The bill seeks to amend a provision to allow the Centre to re-issue the notice of acquisition in order to ensure that the property's owner gets an opportunity to be heard.

• The bill will have retrospective effect from 1952.

• Through the amendment, the government intends to pay fair and just compensation to the land owner.

• In cases where a notice has been re-issued, the property owner will be entitled to an interest on the compensation payable to them.

• The re-issue of notice will not apply to cases where the compensation has already been awarded and accepted by the claimants.

Significance

The amendment in the bill is significant, as it has been done in the interest of the security of the nation.

It will help corrupt elements from taking undue advantage by misusing the litigation process.

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