Voluntary acquisition, as per the Land Revenue Act, refers to the acquisition of land by the government or a private company with the consent of the landowner. This type of acquisition is voluntary, meaning that the landowner agrees to sell their land to the acquiring authority.
Characteristics of Voluntary Acquisition
1. Consent of Landowner: Voluntary acquisition requires the consent of the landowner, who agrees to sell their land to the acquiring authority.
2. Negotiated Price: The price of the land is negotiated between the landowner and the acquiring authority.
3. No Compulsory Acquisition: Voluntary acquisition does not involve compulsory acquisition, and the landowner is not forced to sell their land.
4. Mutually Beneficial: Voluntary acquisition is mutually beneficial, as the landowner receives fair compensation, and the acquiring authority acquires the land needed for their project.
Procedure for Voluntary Acquisition
1. Initial Contact: The acquiring authority makes initial contact with the landowner to discuss the potential acquisition of their land.
2. Negotiations: The acquiring authority and the landowner negotiate the price and terms of the acquisition.
3. Agreement: The acquiring authority and the landowner enter into a written agreement, outlining the terms and conditions of the acquisition.
4. Payment and Transfer: The acquiring authority pays the agreed-upon price, and the landowner transfers ownership of the land.
Benefits of Voluntary Acquisition
1. Win-Win Situation: Voluntary acquisition creates a win-win situation, where both the landowner and the acquiring authority benefit.
2. Avoids Litigation: Voluntary acquisition avoids litigation and disputes, as the landowner agrees to sell their land.
3. Faster Process: Voluntary acquisition is a faster process, as it eliminates the need for compulsory acquisition procedures.
4. Better Compensation: Voluntary acquisition often results in better compensation for the landowner, as the price is negotiated mutually.
