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New prospects for industry and real estate: Bihar Agricultural Land Conversion for Non-agricultural use Rules, 2010
New prospects for industry and real estate: Bihar Agricultural Land Conversion for Non-agricultural use Rules, 2010
Patna: in a significant development with serious long term impact on the development of industries in the state, the state cabinet in Bihar approved the Bihar Agricultural Land Conversion for Non-agricultural use Rules, 2010.
According to the new rules, agricultural land can now be bought and put to industrial use through a process of conversion fee, which will earn some extra revenues for the government. The conversion fee may vary from place to place depending on the classification...