• The Bill provides for land acquisition as well as rehabilitation and resettlement.
  • The process of acquisition involves a Social Impact Assessment survey, a preliminary notification stating the intent for acquisition, a declaration of acquisition, and compensation to be given by a certain time. Rehabilitation and resettlement is to be provided to people affected by the acquisition.
  • Compensation to the owners of the acquired land shall be four times the market value in rural areas and twice that in urban areas.
  • In case of acquisition of land for use by private companies, consent of 80 per cent of all land losers required; in case of public-private partnerships, consent of 70 per cent of land owners required (not all land losers).
  • The provisions of the Bill shall not apply to acquisitions under certain existing Acts.