The Urban Land (Ceiling and Regulation) Repeal, ACT, 1976

The Urban Land (Ceiling and Regulation) Repeal, ACT, 1976

General19995 sections

The Urban Land (Ceiling and Regulation) Repeal Act of 1999 cancels a previous law that restricted how much urban land an individual could own. Initially applying to Punjab, Haryana, and all Union territories, and adoptable by other Indian states, this legislation affects urban landowners, buyers, and developers. It matters because it removes limits on land accumulation, which helps boost real estate development. While the government retains custody of land it already took over, pending court cases regarding undelivered land are dismissed, provided any state payments are refunded. Ultimately, the act deregulates the urban housing market while settling historical property disputes.

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