India requires land in terms of both area and quality for the ongoing developmental projects. Vermeulen and Cotula (2010) state that fast-evolving land acquisitions create opportunities to improve living standards in recipient countries but also entail risks of losing land and being marginalized to the local communities. Chambers and Conway (1991) state that a livelihood is said to be socially sustainable when it can cope with and recover from stresses and shocks and when it provides future generations the means of living. This paper highlights the impact of land acquisition and pooling on the asset position of affected sample households.