Investment neat mangalpally near bongulur junction.

[Sandy_14]

Hi ,

I have 2 questions 

Q1 . I found one commercial land on 100 ft road (proposed as per design plan) going towards new ranga reddy collectorate office.

620 yards 1cr.

 

Q2 . In future if 100 ft road comes 100 yards ll go. I heard govt ll give additional floor or market rate for owners who loose land in road expansion. Anyone had this exp and got money or extra floor to build from govt.

 

 

 

[KHALLAS]

They just pay you minimum amount if your land is acquired under land acquisition law. 

Specially KCR is not interested in paying hefty amounts for land loosers. Atleast previous govt's they used to give a chance for you to go to court for land or building costs. Now you won't have that choice.

If someone belong to sc, st category, than they might get more rates or benefits than others from the land acquisition act. But KCR is rigid in completing the projects so he is moving aggressive in this aspect with old law and he is not following, 2013 amendment for land acquisition act. So market rate iche aspect pedda joke. They will take market rate which is two years older. They will see if the prices are consistent and they go by the govt decided market price not by people. Govt won't pay extra money for sure. 

So get the proposed plan for the road from R& B Or municipal departments. So get the encumbrance certificate and land value, and you wil know the exact value of land. You can bet on it. 

Talk with the land owner regarding that 100 yards you mite loose and find out if you can get it for cheaper price. 

So think twice before you invest.