Medicity project :Compensation @ Rs 1.46 crore per acre

The Punjab Government, announced compensation of Rs 1.46 crore per acre for the land to be acquired from the farmers for the Medicity project coming up in close vicinity of Mullanpur and close to Chandigarh. Sources said that land acquisition collector of Greater Mohali Area Development Authority announced the award of Rs 1.46 crore per acre per, the further break-up is Rs 96.03 lakh per acre basic price, 30 per cent solatiam that is Rs 28.80 lakh, 12 per cent appreciation price that is another Rs 8.09 lakh and non litigation charges 10 per cent that comes to Rs 13.29 lakh. The farmers who are not interested in taking this money can opt for land pooling scheme but they will not get it in Medicity as it is only for hospitals and other health care facilities. They will be given plots of different sizes measuring 1,000 square yards (2 kanals) in addition to a commercial plot of 100 square yards per acre in Eco-City Phase I. The government has acquired 97.42 acres of land from some 100 farmers in Ferozepur Bunger village near Mullapur. It took eight months and thirteen days to acquire the land notifying from Section 4 till announcement of the award. Now the team of GMADA officials will go to the village and take physical possession of the land from the farmers. For the Eco City project, recently launched in Mullanpur, the compensation given by GMADA was Rs 1.30 crore per acre, for Aero City Rs 1.50 crore per acre and for IT City Rs 1.70 acre. Part of the Dream Weave Walk Network 1998-2012