The correct option is 1, 2 and 3.
Explanation
The status of the Right to Property has evolved significantly since the inception of the Constitution, shifting from a guaranteed Fundamental Right to a legal or constitutional right to facilitate land reforms and public welfare legislation.
Statement 1 is Correct
Originally, the Constitution of India guaranteed the Right to Property as a Fundamental Right under two articles: Article 19(1)(f), which guaranteed the right to acquire, hold, and dispose of property, and Article 31, which provided protection against the deprivation of property.
Statement 2 is Correct
The 44th Constitutional Amendment Act (1978) removed the Right to Property from the list of Fundamental Rights. This amendment repealed Article 19(1)(f) and Article 31 to prevent legal challenges to land acquisition laws intended for agrarian reform and public use.
Statement 3 is Correct
Following its removal from Part III, the Right to Property was re-inserted into the Constitution under Article 300A in Part XII. It mandates that "No person shall be deprived of his property save by authority of law." Consequently, it is now recognized as a Constitutional Right (often classified as a legal right in examination contexts) rather than a Fundamental Right. Unlike Fundamental Rights, it does not guarantee a direct right to move the Supreme Court under Article 32.
Key Takeaway:
The Right to Property was converted from a Fundamental Right (Articles 19(1)(f) and 31) to a Constitutional/Legal Right (Article 300A) by the 44th Amendment Act, 1978.