The Land Acquisition Bill, after several amendments including a 50% compensation for landowners, has received consensus from all parties. However, developers and industry experts fear it will adversely impact the affordable housing sector.
The UPA government is poised to introduce its FDI in retail policy in the Lok Sabha, seeking approval amidst concerns about securing Rajya Sabha support.
The BJP critiques the draft Land Acquisition Bill, advocating for farmers' rights to land ownership and suggesting lease agreements over outright acquisition.
The BJP is urging the establishment of a Real Estate Regulatory Authority to protect small investors, highlighting concerns over housing projects and financial security.