Infra due to land dispute. 14 lakh crore investment in the sector

New delhi date. 06 February 2021, Saturday

The government has made big announcements for the sector in the budget with a focus on the infrastructure sector to boost the economy, but if we look at the reality of the sector, various land disputes have cost the sector Rs. Investment of Rs 15 lakh crore has gone to waste. On the other hand, 3 lakh hectares of land for this area is in dispute. The government is considering introducing the Model Regulation Act soon to resolve these disputes expeditiously.

Companies buy land for infrastructure projects, but as work begins on the land, disputes arise over the titles of its various parts, which leads to the project stalling. According to the estimates of industrial institutes, about 3 lakh hectares of land involved in the infra project is in dispute due to which Rs. Investment of Rs 15 lakh crore has gone to waste.

The important thing is that 5% of the civil cases in the country's courts are related to land disputes which have been taking years to resolve. Which is why it's time to endure the infra project.

The government is considering introducing a Model Regulation Act on land titles with a view to alleviating the prevailing situation. The outline of the new law is being drafted under the auspices of the Policy Commission. After the implementation of this law, the states will have to take a guarantee about the land title (ownership).

The new law will keep all the records of the country's land in digital format as well as create separate institutions for this in the states. In which work will be done in a single system for all types of land such as rural, urban, agricultural and non-agricultural.

Thus, even the infra in the country. And land has to be made available to boost the manufacturing sector. Foreign investors stay away from such controversies. Thus, keeping all these issues in mind, the government has carried out an exercise to introduce a new law.