(1) Every citizen shall have the right to acquire, enjoy, sell, receive commercial benefits and engage in other transactions of property subject to the law. But the state may tax the property of the individual and tax the income of the individual in accordance with the principles of progressive taxation. Explanation: For the purpose of this article, "property" means all types of property including movable and immovable and the term also refers to intellectual property.
(2) The State shall not acquire, receive or in any other manner create any right over the property of any person except for the public interest. But this clause shall not apply in the case of property acquired illegally by any person.
(3) When the state acquires the property of any person for the public interest in accordance with sub-section (2), the basis and procedure of compensation shall be in accordance with the Act.
(4) Provisions of sub-sections (2) and (3) shall not prevent the state from improving, managing and regulating land in accordance with the law for the purposes of increasing the production and productivity of land, modernization and commercialization of agriculture, environmental protection, orderly housing and urban development.
(5) In accordance with sub-section (3), the acquisition of the property of a person by the State for public interest shall not be a hindrance to the use of such property for any other public interest or any other public interest.