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Land Bill To Lead To Delays, Raise Costs: Sobha Dev

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September 2: The Land Acquisition Bill will have a huge impact in the medium to long term, says J.C. Sharma, Vice Chairman & Managing Director of Sobha Developers. “Not only will land acquisition prices rise but the process will be longer for developers looking to buy more than 50 acres land in urban areas,” he says. He points out that no retrospective law is good for a slowing economy and related process delays will only push up acquisition costs.