Photo credit: Business Standard
In the middle of the pandemic-induced lockdown, the Karnataka government earlier this month notified an amendment to the state’s Land Reform Act, 1961, allowing industry to buy land directly from farmers.
Just like in the case of recent relaxations in labour laws, industry experts feel the move by the Karnataka government is likely to trigger a fresh look at cost, procedure, and processes of land acquisition by other states. This is be an opportunity for the Centre to reconcile the differences that have cropped up over the years between the Right to Fair Compensation & Transparency in Land Acquisition, Rehabilitation & Resettlement (LARR) Act, 2013, and various state-specific laws, experts say.
“The goal should be to maximise value for the landholder and create a larger market of buyers/occupiers,” opines Anand Prasad, senior partner at law firm AP&Partners, on how the crisis provides an opportunity to iron out structural impediments in the country’s land regulations.
In the middle of the pandemic-induced lockdown, the Karnataka government earlier this month notified an amendment to the state’s Land Reform Act, 1961, allowing industry to buy land directly from farmers.
Shilpa Kumar, investment partner, Omidyar Network India, agrees. “The lockdown has brought to light the key role that land needs to play — both as source of livelihood for migrants and in driving industrial growth. There lies an opportunity to take action on the long-pending land reforms.”
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