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Monday 1 September 2014

State Government Changes Land Laws To Attract Investors

Bangalore Property at Makaan.com
In a decision that is expected to have far-reaching consequences on property Bangalore and industrial development, the State government has offered to simplify the age old land reforms laws. The State government has tabled The Karnataka Land Reforms as well as the Certain Other Law (Amendment) Bill, 2014. These bills will pave the path of reducing procedural delays in the government. 

In the present scenario, a non-agriculturist who has an annual income of over Rs 2 lakh is not allowed to buy agriculture land Bangalore property. But, single-window committee or the state high-level clearance committee (SHLCC), under its vested powers can allot agricultrual real estate in Bangalore for industrial development. The Agricultural property Bangalore can also be alloted for development of places of worship, educational institutions, residential Bangalore properties and many other purposes according to the section 109 under the Land Reforms Act.

After allotment of agricultural properties Bangalore the allotee , under section 109 has to meet and request the district deputy commissioner (DC) to apply for land conversion of properties Bangalore according to the section 95 of Karnataka Land Revenue Act,1964. After introduction of this new legislature, the tedious process of requesting for the DCs permission to allow the conversion of Bangalore properties will be removed.

The new legislative will also allow the State government to take back agricultural land from all those who have not utilized agricultural land for the purpose for which it was given. This means several owners of educational institutions, industrialists, developers of residential properties, people who own places of worship, would have to surrender their allocated lands if the State government if they the land sanctioned to them has not been utilized for the specified purpose within the 10 year period. The land surrendered back to the government will be put under the properties/ Land bank of the State government.


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