Acquisition by Government
This procedure is referred by the central government and state government of india for infrastructure growth and other initiatives. Some issues have arisen with claims that the landlords have not been properly compensated.
In India, land acquisition is currently governed by the right to fair compensation and transparency in land acquisition, Rehabilitation and resettlement Act 2013.This act was created with the purpose of easy acquisition by government of privately held property for public use.
Government stated focus on fair compensation rather than fast acquisition. For land acquisition valuation, we should take care about the following points:
- Acquisition of land : what should be the purpose of land; it is used for private sector, public sector or government body.
- Purpose of land : Land is basically used for educational institute, hospital, infrastructure projects, under government project, healthcare, sports, tourism, manufacturing zone etc.
- Keep in mind pre-condition of acquiring
- Other factor : compensation package, lease option, multicrop farmland etc are also affect the land acquisition valuation.
We are Accurate Surveyors Pvt. Ltd. and do valuation for the land whether the land is related to private sector, public sector or government sector. Every land should be investigated before any valuation by the valuer.
Accurate Surveyors Pvt. Ltd. follow a standard process for the valuation of reports. After completion, reports should be sending to seniors for review or finalization of valuation. Our team works on client individually.