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Saturday, 22 August 2020

Non-farmers will also be able to buy land now: An important decision of the Gujarat government

 Non-farmers will also be able to buy land now: An important decision of the Gujarat  government

Non-farmers will also be able to buy land now: An important decision of the Gujarat government

Collector's approval is not required to purchase land

The Gujarat government today made significant revenue amendments to the Ganot laws regarding land purchase. As per the decision of the state cabinet, prior permission or approval of the district collector is not required for the purchase of agricultural land for agricultural universities, animal husbandry universities, medical colleges, engineering colleges or other educational purposes in the entire state. After purchasing such land, the project work can be started within the stipulated time by informing the District Collector within a month and obtaining the required certificates just like Bonafide Industrial Purpose.


The new system will now put an end to the problem of long delays in title clearance, inspection, etc. and delays in starting the project as non-farmer organizations or individuals have to get approval from the District Collector for purchasing such land in the past.


In case of purchase of land for bona fide industrial purposes in the State, but in case it is not possible to use it for industrial purpose, the land may be sold for purpose other than industry as per the provisions of GDCR (General Development Control Regulations). In case of such lands, merger of the company, joint venture, amalgamation or sale of land transferred to its own subsidiary, group company or associate company will not be considered. In these transactions only 10% of the jantri can be transferred by paying the price-premium.


Debt Recovery-Debt Recovery, NCLT (National Company Law Tribunal), Liquidator or Financial Institutions in the auction of such land buyers will have to pay only 10% of the Jantri premium within 60 days of the auction order.


This decision will enable efficient use of fallow lands by resolving the issues of agricultural lands purchased by the entrepreneurs. As well as new opportunities for development-employment will get a new direction.

Click Here Read This News In Gujarati

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