PROVINCE OF PUNJAB versus COL. ABDUL MAJEED
Land Acquisition Act 1894 Section 23 Land Acquisition The issue of payment of compensation is considered as a determining factor in the market value, although the revenue record was shown as agricultural land but it was fully developed. It was located near the cantonment area, part of the rectangular portion of the High Court and Circular Road acquisition area was also part of the nearby residential colonies. Which is close to and close to two well-developed housing societies. In estimating the value of the land market in the old area of the cantonment area as well, its present use was not alone due to the possibility of land being used for various purposes in the future and its location near the developed area. Prospective value / land was one of the important factors that the court had to take into account when determining the market value of the acquired land. Land value is often referred to as the price that a willing buyer may have. Ready to be presented to the land, and therefore, under section 4, before the date of the notice This is not to be taken as a simple average value of land sales, land acquisition Act to assess the market value of the acquired land, an area of the yard in 1894 alone.
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