Updates in Assam’s Land Acquisition Rules

• Negotiated Settlements: The government now prioritizes direct purchase agreements to speed up land acquisition.

• Extended Objection Period: Landowners have 15 days to raise concerns about acquisition.

• Simplified Asset Valuation: Immovable assets linked to land are now valued proportionally to guidance prices.

• Exemption on Registration Fees: Government land acquisitions no longer require registration fees.

• Compensation for Long-Term Occupants: Individuals occupying government land for over five years receive surface compensation.

Implications for Property Buyers

• Faster Development Approvals: With streamlined acquisition, real estate projects face fewer delays.

• Clearer Compensation Structures: Buyers can expect transparent valuation methods for acquired land.

• Urban Expansion Impact: Revised policies encourage growth in suburban and commercial zones.

These changes aim to balance development with fair compensation, making Assam’s real estate sector more efficient