Examine the logical coherence between the following historical legislative actions and their current legal consequences:
1. Evidence 1: The Parliament enacted the 44th Constitutional Amendment Act in 1978. Inference 1: As a direct result, the Right to Property was removed from Part III, stripping it of its Fundamental Right status.
2. Evidence 2: The Right to Property was inserted into Part XII of the Constitution under the new Article 300A. Inference 2: Therefore, citizens currently possess no legal or constitutional protection against arbitrary state confiscation of their land.
3. Evidence 3: The 42nd Amendment Act of 1976 enacted massive, sweeping changes to the Constitution. Inference 3: Consequently, the 42nd Amendment was responsible for officially downgrading the Right to Property to a mere statutory right.