Maharashtra cuts market price of land to be acquired for highways by 20%

TheMaharashtragovernments notification of January 14 to reduce the market price of land to be acquired for building state and national highways by 20% is set to meet with opposition. As per current norms, the government pays four times the existing market rate.

After the Centre made the land acquisition law, it allowed states to modify the existing laws by the way of a notification. The state governments move will severely reduce the compensation received by land owners, mostly farmers.