Sir, no the 1 year condition is not correct the, the acquasition lapses in accordance with section 24 of the THE RIGHT TO FAIR COMPENSATION AND TRANSPARENCY IN LAND ACQUISITION, REHABILITATION AND RESETTLEMENT ACT, 2013
Kindly refer the section:certain cases.–(1) Notwithstanding anything contained in this Act, in any case of land acquisition
proceedings initiated under the Land Acquisition Act, 1894,—
(a) where no award under section 11 of the said Land Acquisition Act has been made, then, all
provisions of this Act relating to the determination of compensation shall apply; or
(b) where an award under said section 11 has been made, then such proceedings shall continue
under the provisions of the said Land Acquisition Act, as if the said Act has not been repealed.
(2) Notwithstanding anything contained in sub-section (1), in case of land acquisition proceedings
initiated under the Land Acquisition Act, 1894 (1 of 1894), where an award under the said section 11
has been made five years or more prior to the commencement of this Act but the physical possession
of the land has not been taken or the compensation has not been paid the said proceedings shall be
deemed to have lapsed and the appropriate Government, if it so chooses, shall initiate the proceedings
of such land acquisition afresh in accordance with the provisions of this Act:
Provided that where an award has been made and compensation in respect of a majority of land
holdings has not been deposited in the account of the beneficiaries, then, all beneficiaries specified in
the notification for acquisition under section 4 of the said Land Acquisition Act, shall be entitled to
compensation in accordance with the provisions of this Act