Monday, March 8, 2010

Land Pooling Scheme launched by Gmada

Greater Mohali Area Development Authority (GMADA) through a final public notice to the landowners, whose land is being acquired for mix-land use along the roads proposed to connect the international airport with the Zirakpur-Patiala and the Chandigarh-Kharar highways, the authority has given notice of one month. The landowners are free to opt for the land pooling or the land compensation.
There are around 500 landowners, having small and big land holdings, whose 770 acres are being acquired for the mix land use project between Chatt village and Sector 66-A of Mohali. The land is being acquired for floating an urban estate.

GMADA would be able to ascertain the exact number of plots available and the land compensation element. The Land Acquisition Committee had already decided to give a land compensation of Rs 1.50 crore an acre.

Under the land-pooling scheme. For an acre, the beneficiaries would get around 930 sq yard of residential plot and 121 sq yard of commercial plot. In the commercial plot, half of the area has to be kept for parking, said DP Singh.

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