Land Readjustment definition
Land Readjustment means the implementation of development of many plots of land by land replotting, improving or constructing infrastructure, and jointly bearing the burdens and equitably distributing the returns. To this end, there shall be cooperation between the private sector and the private sector, or between the private sector and the public sector, with the objective of utilizing land more appropriately with regard to transportations, economics, social, the environment and communities, and so as to be in line with urban planning.
Land Readjustment means the implementation of development of many plots of land by land replotting, improving or constructing infrastructure, and jointly bearing the burdens and equitably distributing the returns.
Land Readjustment means the development of several plots of land by re- arrangement of land layout, improvement or construction of infrastructure and fair sharing of burden and distribution of return through cooperation between a private party and a private party or between a private party and the state, so as to achieve the more appropriate utilization of land in respect of transportation, economy, society, environment and community and in conformity with urban planning;