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Maharashtra Revises Land Acquisition Compensation Formula, Limits 12% Annual Payment Calculation To Base Land Value

Maharashtra Revises Land Acquisition Compensation Formula, Limits 12% Annual Payment Calculation To Base Land Value
Photo: Free Press Journal · view original

Mumbai: The state government has changed the method for calculating the additional 12% annual payment made to landowners during land acquisition, ruling that the amount will now be calculated only on the market value of the land and not after applying the government-prescribed multiplier. Decisio...

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