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8 Common Misconceptions about Land Management
If you’re a working professional in the land domain, you know the time and effort it takes to manage the information. Many are inclined to opt for automated tools to manage but get discouraged considering common myths believed in the industry. Check below to see if your judgment has been clouded by any of the following: 1. High Cost It is a common misconception that managing properties requires a lot of expenses. That is not the case. Currently, there are many players in the market providing high-end tools and services in exchange of a rather small fee. The cost of these services will save you a lot of additional expenses…
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Land Acquisition Process Made Easy – What Do You Need to Know?
The old Land Acquisition Act, 1894 was revised to Land Acquisition, Rehabilitation and Resettlement Bill in 2011. The bill was aimed to usher in more transparency in land acquisition procedures and provide fair compensation, and rehabilitation to the project-affected people. It mandated for organizations to rearrange benefits like land for employment, land and housing but one-time cash payments to people whose land was acquired. 1. The entire process of land acquisition starts off with land title verification. The owner of the property and therefore the area is verified by tallying the survey number of the land. In States, where digitized land records are available the method, becomes easier. A central portal can store plot-wise ownership data captured from Records of Right…
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What is Land Acquisition
Land acquisition in the process of acquiring land for industrialization, development of infrastructural facilities or urbanization of the private land by Government or private organizations. The Land Acquisition Act, 1894 (“1894 Act”) was replaced in 2013 by The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (“2013 Act”). The amendment bill – Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill was passed in 2015 (“2015 Law”). What is Rehabilitation & Resettlement Land acquisition and displacement alter the social, economic, cultural and environmental status of the affected population. The Rehabilitation and Resettlement Bill, 2007 provides for benefits and compensation to people displaced by land acquisition purchases or any other involuntary…
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Land Acquisition & Management Systems (LAMS) Explained
Property of all types has always been a valuable asset. Land, in particular, has been one of the most historic of all investment types, going back to the earliest times in recorded history. Many kinds of companies today are involved in land ownership, acquisition, sales, and leasing of land or properties, and for some, they manage many properties at a time. This can produce tremendous amounts of paperwork, documents, drawings, pictures, maps, and these days even videos of properties a company is considering leasing or purchasing, selling, and so on. This is where the need for a comprehensive land acquisition management system comes into play. A dedicated software platform designed…
