Andhra Pradesh (Prevention of Speculation in Immovable Property) Act, 1954
Andhra Pradesh (Prevention of Speculation in Immovable Property) Act, 1954
The Andhra Pradesh (Prevention of Speculation in Immovable Property) Act, 1954 restricts unfair land price inflation and speculative real estate trading across Andhra Pradesh. It applies to property owners, buyers, and developers operating within government-designated notified areas where development projects threaten to drive up costs artificially. Under this law, the state government can cap property sale prices at benchmark rates, permit limited price increases, and directly acquire lands to prevent illegal profiteering. This legislation protects public interests and ensures affordable urban planning by curbing opportunistic real estate exploitation surrounding major infrastructure initiatives.
- 1. Short title and extent
- 2. Definitions
- 2-A. Construction of certain references in the application of this Act to the Cities of Hyderabad and Secunderabad
- 3. Declaration of notified area by Government
- 4. Restriction on transfer of immovable property
- 5. Standard price of immovable property
- 6. Permitted increase over the standard price
- 7. Power of Government to purchase immovable property
- 8. Taking possession of property and reference to Subordinate Judge’s Court
- 9. Setting aside of Court sales etc., held in contravention of the Act
- 10. Penalty
- 11. Cognizance of offences
- 12. Bar of certain proceedings
- 13. Power to make rules
- 0. Preamble
PDF: pending for this language.