West Bengal finance minister calls for repeal of Urban Land Act
Based on · First reported
Sources
- West Bengal finance minister Swapan Dasgupta said the Urban Land (Ceiling and Regulation) Act, 1976, has to be abolished.
- The Act limits acquisition of land to 5,000 square metres. The state aims to unlock land for development and attract fresh investments. India's real estate market has expanded from about USD 120 billion in 2017 to roughly USD 600 billion in 2025. Real‑estate’s share of GDP is projected to rise from 6 % in 2017 to around 13 % by 2030.
How we use AI · Report an error
Related stories
- "I don't want to die here." - A dentist describes the rescue of the captain in a crashing
- Thousands of bags pile up at Bangkok's Suvarnabhumi Airport amid flood chaos
- Co‑pilot attacks captain on Flydubai flight, aircraft diverted to Tabuk
- U.S. Coast Guard searches for missing Gulfstream G100 off Nantucket
- Chisinau Airport resumes operations after false bomb threat