In Brief
This appeal concerned the fair market compensation for homestead land acquired by an industrial development corporation. The High Court had reduced compensation from Rs. 5,00,000 to Rs. 2,50,000 per acre. The Supreme Court, relying on sale deeds executed in November 1979 by the landowners, held that the reduction was unjustified. The Court modified the award to Rs. 4,00,000 per acre as the fair amount, noting that statutory benefits and interest must be paid on this sum. The appeals were disposed of with no order as to costs.
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