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Immovable Property (Amendment) Bill-2017 features, details
Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017 features details
The Lower House of the Parliament, Lok Sabha on 20th December 2017 passed the Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017.
The Bill was moved by newly appointed Minister of Housing and Urban Affairs, Hardeep Singh Puri. The Bill was passed by voice vote.
The Bill would amend regulations governing compensation amount payable for acquisition of immovable property by the central government for national security and defence purposes.
The Bill also aims to amend the provision to allow the central government to re-issue the notice of acquisition in order to confirm that the property’s owner gets an opportunity to be heard.
The central government to requisition any immovable property and also to acquire them under certain specified conditions, the bill will have ex-post facto from March 1952.
Through the amendment, the Union Government intends to pay fair and just compensation to the land owners and it will help corrupt elements from misusing the legal policies.
