Dhaka, Dec. 1 -- A major policy change in land acquisition envisages abolishing compensation to the city landowners and instead encouraging them to get engaged in the development activities with revised property rights staying within respective areas.

Rajdhani Unnayan Kartripakkhya (RAJUK) has made the move to amend its own regulatory act -the Town Improvement Act 1953--for accommodating the new concept following successful implementation of transit-oriented development (ToD) and township in different countries, including Japan, Germany, Nepal, Bhutan and Thailand.

Officials say the new scheme, which is now in draft stage will help real landowners hold their property rights in new form as they can stay within the areas for living ancest...