NITI Aayog preparing a draft for model Land Title act
The government is readying a draft model Land Title Act, 2019, which will pave the way for conclusive land titles, as against presumptive ones at present, besides working on a unified legal framework that will provide for state guaranteed land ownership.
Conclusive land titles are guaranteed by the state for their correctness and entail provision for compensation by the state in case of any disputes. Guaranteed title systems have been developed and adopted in countries such as Australia, New Zealand, Singapore and the United Kingdom.
The government is keen to push for conclusive land titling as it will facilitate easy access of credit to farmers and reduce a large number of land-related litigations, besides enabling transparent real estate transactions and land acquisition for infrastructure development, said sources.
Ameeting was held by the cabinet secretary recently to seek views from stakeholders, including central ministries, on how to make the legislation attractive enough for states to adopt it in totality. Since land is a state subject, all states will have to come on board to adopt the model legislation.