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Construction : Deals | October 2014 | Source : Construction Update

Karnataka Government likely to amend land revenue act

The Government of Karnataka intends to bring an amendment to the Karnataka Land Revenue Act with the aim to recover the land allotted to private sector companies, religious organisations and industrialists in case they have failed to utilise the same. Revenue Minister V Sreenivasa Prasad has said that the proposed bill will impose complete restriction on the sale of such land to any other private party except the government at a price at which they obtained the same.
 
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