There’s an interesting article on the operation of land markets, compulsory purchase etc. in India in the FT today. Here’s a flavour of it and how it concludes:
“The existential question India faces is: what is a public purpose that justifies a democratic government forcibly taking land from farmers? Is it a factory? Is it real-estate development? Is it a Formula One race track?” says Mr Levien. “That is a political question. There is nothing inevitable about it. The question is: what is the meaning of development? Who gets the benefit and who pays the cost?”
Sounds pretty familiar to me.