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Compulsory Land Acquisition - Essay Example

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Summary
As long as we are living in a physical world governed by some primitive sets of rules, then "home sweet home" statement should seem impractical. If you possess a property or a dwelling near a proposed road or bridge, then you must be familiar with the government policies that might harm your favorite belongings…
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Compulsory Land Acquisition
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Download file to see previous pages By the term public uses means, it can be for setting up educational institutions, health centre, widening roads or site for airport construction, etc. The issuing authority generally is central government but if motive is restricted to only particular state then state government handles the matter. Through government, sometimes societies registered under societies registration act2 or co-operatives under co-operative societies act also can participate for land acquisition. Before going into detail it is better to get acquainted with some important terms.
"Date of acquisition" is the date on which a notice of acquisition in relation to land is published in Government Gazette. Or, if an interest is acquired by agreement, the date on which the interest vests in the Authority pursuant to the agreement3.
Notice of intention to acquire is a notice that authority must serve upon each person who has an interest in the land, or is empowered by the purpose of special act to sell and convey or grant and release or lease such an interest4. Notice is not required in certain special cases like, if interest has been publicly advertised for sale and authority is sure about its availability by the time they want to acquire it.
Property is located at General Holmes Drive, Botany and owner of that is Nice Corner Pty. Ltd. ...
"Date of acquisition" is the date on which a notice of acquisition in relation to land is published in Government Gazette. Or, if an interest is acquired by agreement, the date on which the interest vests in the Authority pursuant to the agreement3.
Notice of acquisition, according to this act means a notice regarding an interest in land publishing in the Government Gazette.
Notice of intention to acquire is a notice that authority must serve upon each person who has an interest in the land, or is empowered by the purpose of special act to sell and convey or grant and release or lease such an interest4. Notice is not required in certain special cases like, if interest has been publicly advertised for sale and authority is sure about its availability by the time they want to acquire it.
3) Land Particulars
Property is located at General Holmes Drive, Botany and owner of that is Nice Corner Pty. Ltd. That specified area measures 1 Hectare. Site is mostly commercial. Commonwealth has found interest on this property after seeing its best location nearby airport which can serve the purpose of recent airport and planned runway extension.
Owner has Development Consent approval (DA) for a building. Before lodging DA, stage 1 of the building was leased by Cool Parachutes Pty Ltd. for an initial duration of 15 years with two 5 years options. As per the tenders received it is expected that commencement of this agreement will be from 1st November, 2007.
4) General Description
The site on General Holmes Drive, Botany joins a rail corridor on the edge of land which is favorable for airport uses. Land has several improvements. Stage one is a steel framed building of 1500 square meters, he purpose of which is to accommodate lessee's ...Download file to see next pagesRead More
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