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Supreme Court of India
Decided on: 10.02.2023

Land Acquisition Act, 1894 (1 of 1894), Section 18, 23 -- Acquisition of land – Market value of land – Assessment of -- Value of earlier acquired land as base – Cumulative increase of 10% per annum -- Lands acquired vide notification dated 25.01.2008, compensation at Rs. 2,38,00,000/- per acre was assessed -- Rs. 2,38,00,000/- per acre can be said to be the base -- Considering the time gap between 2008 notification and 2010 notification, 10% increase per annum accepted -- Market value for the lands acquired vide notification dated 13.01.2010 assessed at Rs. 2,87,98,000/- per acre along with all other statutory benefits.

(Para 6-8)

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