Tuesday, 28 July 2015

Builders’ body seeks inclusion of private sector under Land Acquisition Act

Builders’ Association of India (BAI) has demanded that the Land Acquisition, Resettlement and Rehabilitation Act, 2013 and relevant amendment of these provisions in the Amendment Bill 2015 should be applicable for projects under private bodies.

Over the last one year, the Centre has launched several infrastructure projects like developing of 100 smart cities. However, the involvement of the private sector is imperative for the success of these projects, the Association said.

The managing committee meeting of BAI which held here also pointed out that RERA (Real Estate Regulation and Development Bill 2013) would only add one more layer of approvals; increase transaction cost and make housing more expensive for the consumer on account of multiplicity of laws.

BAI Chairman Lal Chand Sharma inaugurated the session.

The Association which is celebrating its platinum jubilee this year will be conducting various programmes throughout the year.

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