A Critical Review on Land Acquisition and Valuation Process across the World

The key challenges to built public facilities and infrastructure towards sustainable development requires Governments to enhance the interests of the natural environment. In some regions the process of providing such services is the acquisition of appropriate land. For major projects, several locations could be suitable for such purposes and the Government may not be able to purchase the land. In order to obtain land when and where it is needed, Government has the power of compulsory acquisition. Land acquisition was a challenging factor in India for project development. The process and techniques adopted in various countries are reviewed in this paper. It was observed that no single best practice exits, for land acquisition are available. Land acquisition practices through a well structured framework of principles, processes and compensation mechanisms can be developed for a transparent and feasible system. This can be accomplished by taking up research initiatives on valuation studies in Universities for the valuers and supporting experts