I am exploring an opportunity to buy a land in a gated community in Bangalore. The land is an SC/ST grant land, granted in 1956. It has changed hands within the 15 year alienation period ( 1961). After a few change of hands it was bought by a buyer in 1995, who got it converted to Residential land in 2006. In 2015 the heirs of original grantees filed a petition for restoration of land. This was rejected due to 53 years of delay. They filed a Writ petition, which was later withdrawn and a consent deed was signed with each member of the family tree against a sum of money paid. Now when there is an amendment to the ACT proposed by the Karnataka government to remove the Statute of limitation. Can this be risk for the new purchaser of the land, can the consent deed or conversion be challenged ?
Link to the Amendment proposed -
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://indianexpress.com/article/cities/bangalore/karnataka-amend-sc-st-land-transfer-law-8855578/lite/&ved=2ahUKEwiRx-zO_YaCAxW4bWwGHdWsDlEQFnoECA0QAQ&usg=AOvVaw1mA29_6jgWCyuBmcZEUOa-