Last month, the government in Rajasthan has got the Urban Land (Certification of Titles), 2016 passed in in the assembly. This is a unique piece of legislation as it ensures statutory backing to land ownership. Post the passing of the law, land owners by paying a nominal fee (0.5% of the cost of the land) can get the statuary ownership of their land. Now instead of an assumed ownership, people will have legally guaranteed titles to land and property.
Apna Khata Rajasthan 2020 Jamabandi Nakal
The chief minister, Vasundhra Raje remarked on this moment, “As a major step towards good governance and Ease of Doing Business, we have brought in “The Rajasthan Urban Land (Certification of Titles) Bill, 2016 ” With the legitimate ownership of the land, it will be easy for the owners to trade them with minimal litigation involved.
In plain speak, this bill will allow a very simple and clear real estate market. In India, land owners don’t have titles of land. The papers they have are just a transaction of sale or purchase of land or tax documents which they get while paying the mandatory taxes. This opens a wide door for legal disputes or confusion. In projects where large tracts of land are required, it further creates a lot of challenges.
This law will also help prevent lot of disputes around property especially that which involves special projects. The property owner will have clear title and legal rights to his/her land. This in turn will help build investor confidence in real estate sector as well.
An official of the Rajasthan Government was quoted as saying “The bill will boost land acquisition in the state and also benefit authorities as no capital expenditure will be required from their end,”
But the biggest ramification of this act would be its expected adoption by other states. Indeed, other states are looking to replicate such a law, due to its many advantages. If that happens, it would be one of the most important land reforms to happen in recent times. Critics however point out that this law will mostly benefit moneyed investors. As its main aim is to target big ticket land acquisitions close to urban areas.
