GULZARA SINGH vs THE STATE OF PUNJAB .

The Supreme Court confirmed the market value of acquired land at Rs. 1000 per Biswa, emphasizing that the determination of market value must rely on genuine sales of comparable lands, as per established principles under the Land Acquisition Act. The Court reiterated that sales at depressed prices or facade transactions should not influence market value assessments. It held that the principle of belting is valid, allowing for higher valuations for lands adjacent to main roads, and mandated deductions for development charges on undeveloped land.