New recommendations or requirements are coming in from the national advisory council (NAC) on amendments to land acquisitions act or bill. The latest news is that the NAC wants buyers to pay six times registered price of the land for stamp duty purposes to farmers.
Arun Nanda, Chairman of Mahindra Lifespace had bought land for SEZ of the Mahindra Group itself. In an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, Nanda gave his views on the latest news from NAC. Below is the verbatim transcript of the interview. Also watch the accompanying video. Q: How fair does the latest news sound? Does that sound steep?
A: We have always believed that the farmers have to get a fair deal because one needs to get contiguous lands. If you don
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