Development will now appear in ‘Land’, agricultural land can be purchased for educational purposes without prior approval of the Collector
Historic decision: Development will now appear in 'land', agricultural land can be purchased for educational purposes without prior approval of the Collector
Ahmedabad 2 hours ago
Symbolic image.
Land purchased for industrial purposes may be sold for other purposes
In Gujarat, it is no longer necessary to seek the prior approval or permission of the District Collector to purchase agricultural land for agro-animal husbandry university or educational purposes. On Thursday, the government announced amendments to the Ganot Act. Accordingly, the process of acquiring land for educational purposes has now been simplified. Land purchased for other important industrial purposes may also be sold for other purposes. As per the decision of the state government, after purchasing land for educational purposes, the project can be started within the stipulated time by informing the district collector within one month and obtaining the required certificates like Bonafide Industrial Purposes. Due to which there were long delays due to the process of title clearance, inspection etc. Along with this, the state government has decided in the cabinet meeting to amend the Ganot laws to further promote the industrial sector. Accordingly, if land is purchased for bona fide industrial purpose in the state but cannot be used for industrial purpose, the land may be sold for purpose other than industry as per the provisions of GDCR.
These important reforms in the state's maths reform
Land may also be sold for purposes other than industry in cases where industrial purpose is not possible.
After receipt of the certificate, 100 per cent for 3 to 5 years, 60 per cent for 5 to 7 years, 30 per cent for 7 to 10 years and 25 per cent after 10 years can be sold with the existing jantri amount.
Transfer of land to a company merger, joint venture, amalgamation or a subsidiary, group company will not be considered.
Only 10% of the jantri can be transferred by paying the price-premium.
Debt Recovery-Debt Recovery, NCLT, Liquidator or Financial Institutions in the auction of such lands the buyer will have to pay only 10% of the Jantri premium within 60 days of the auction order.
Expert view: ‘Lands will be open, development work will be done but caution is needed’
The government is now trying to give industry status to the education sector with an amendment that allows educational institutions to obtain non-agricultural certificates directly after purchasing agricultural land. Previously, it was a policy for bona fide industries to ensure that the first land purchase project under Ease of Doing Business was started. In the same way that the industry houses then applied to the concerned collector for non-agricultural and other certificates, the educational institutions have also been given the same facility of counting as the industries.
Now in many cases the government should be careful not to sell the waste or government land of Gauchar which was given to the educational institutions at 50 per cent of the jantri or token rate for profit. Secondly, if the land allotted under bona fide industry is not possible for industrial purpose then it is a good thing that the land can be sold for other purpose as per GDCR of the area concerned. At present many industries are closing down due to drought and some economic weakness, then such lands will open up and there will be development works and the economy will get a boost, new jobs will be created. But the government should take care that not everyone is right in this. Happens.
The government has decided that the landowners can sell the land at a different percentage of the jantri, while at the market price. Jantri has not changed in Gujarat for 10 years now so the landowner will make a decent profit by selling the land at a very low premium as the government has allowed the sale of land for other purposes as per GDCR. Will sell at twenty times the price. In some cases, even existing units will now be willing to sell the land. Those who have not made as much profit from ongoing production in the last ten years will do so by selling their land. So the government has to take such matters into consideration. Secondly, in the case of mergers, amalgamations and joint ventures, the issue of transferred land ownership has been unresolved for a long time but the government has decided not to transfer ownership of land for only 10 per cent premium and not to sell the land. It is a good thing that you have to pay a percentage premium.
Historic decision: Development will now appear in 'land', agricultural land can be purchased for educational purposes without prior approval of the Collector
Ahmedabad 2 hours ago
Symbolic image.
Land purchased for industrial purposes may be sold for other purposes
In Gujarat, it is no longer necessary to seek the prior approval or permission of the District Collector to purchase agricultural land for agro-animal husbandry university or educational purposes. On Thursday, the government announced amendments to the Ganot Act. Accordingly, the process of acquiring land for educational purposes has now been simplified. Land purchased for other important industrial purposes may also be sold for other purposes. As per the decision of the state government, after purchasing land for educational purposes, the project can be started within the stipulated time by informing the district collector within one month and obtaining the required certificates like Bonafide Industrial Purposes. Due to which there were long delays due to the process of title clearance, inspection etc. Along with this, the state government has decided in the cabinet meeting to amend the Ganot laws to further promote the industrial sector. Accordingly, if land is purchased for bona fide industrial purpose in the state but cannot be used for industrial purpose, the land may be sold for purpose other than industry as per the provisions of GDCR.
These important reforms in the state's maths reform
Land may also be sold for purposes other than industry in cases where industrial purpose is not possible.
After receipt of the certificate, 100 per cent for 3 to 5 years, 60 per cent for 5 to 7 years, 30 per cent for 7 to 10 years and 25 per cent after 10 years can be sold with the existing jantri amount.
Transfer of land to a company merger, joint venture, amalgamation or a subsidiary, group company will not be considered.
Only 10% of the jantri can be transferred by paying the price-premium.
Debt Recovery-Debt Recovery, NCLT, Liquidator or Financial Institutions in the auction of such lands the buyer will have to pay only 10% of the Jantri premium within 60 days of the auction order.
Expert view: ‘Lands will be open, development work will be done but caution is needed’
The government is now trying to give industry status to the education sector with an amendment that allows educational institutions to obtain non-agricultural certificates directly after purchasing agricultural land. Previously, it was a policy for bona fide industries to ensure that the first land purchase project under Ease of Doing Business was started. In the same way that the industry houses then applied to the concerned collector for non-agricultural and other certificates, the educational institutions have also been given the same facility of counting as the industries.
Now in many cases the government should be careful not to sell the waste or government land of Gauchar which was given to the educational institutions at 50 per cent of the jantri or token rate for profit. Secondly, if the land allotted under bona fide industry is not possible for industrial purpose then it is a good thing that the land can be sold for other purpose as per GDCR of the area concerned. At present many industries are closing down due to drought and some economic weakness, then such lands will open up and there will be development works and the economy will get a boost, new jobs will be created. But the government should take care that not everyone is right in this. Happens.
The government has decided that the landowners can sell the land at a different percentage of the jantri, while at the market price. Jantri has not changed in Gujarat for 10 years now so the landowner will make a decent profit by selling the land at a very low premium as the government has allowed the sale of land for other purposes as per GDCR. Will sell at twenty times the price. In some cases, even existing units will now be willing to sell the land. Those who have not made as much profit from ongoing production in the last ten years will do so by selling their land. So the government has to take such matters into consideration. Secondly, in the case of mergers, amalgamations and joint ventures, the issue of transferred land ownership has been unresolved for a long time but the government has decided not to transfer ownership of land for only 10 per cent premium and not to sell the land. It is a good thing that you have to pay a percentage premium.
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