Ease of land acquisition to boost infrastructure and real estate in Gurgaon

Haryana government’s new policy to directly buy land from land owners through an online platform, will help boost infrastructure and real estate in Gurgaon.

Instead of taking to tardy land acquisition route, Haryana government is buying land required for infrastructure projects online, from the farmers. For this purpose, the state government has set up an e-portal. As per the procedure any landowner who wishes to sell his land parcel can post its details on the government portal. These details pertain to the size of the piece of land, its location, shape and price. If the government wants that land, it can buy at the prescribed rate from the land owner. But if the authorities feel that the land rates are on the higher side, negotiations are held. For this, a high level land purchase committee has been set up. There are also committees at the district level. Recently the state government has bought land for 8 infrastructure projects through this arrangement. This includes 200 acre land worth 800 crore for the AIIMS at Rewari near Gurgaon .

Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, Assocham National Council on Real Estate, Housing and Urban Development, “This is a good policy move by the Haryana government. Many infrastructure development projects have been facing land acquisition problems, adversely impacting real estate growth. This new system, devoid of such hurdles, will help expedite the development of civic infra, in turn boosting real estate”.

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