June 19, 2011 2:36:19 am
GMADA identifies 1,050 acres in 8 villages for acquisition,to develop estate along 200 feet-wide Mohali-Kharar bypass
Another residential urban estate will come up at Mohali. Spread over 930 acres across four Sectors (120,121,122 and 123),the fifth urban estate of Greater Mohali area will be developed along the already approved 200 feet-wide by-pass from Mohali to Kharar. To take up the project,the Greater Mohali Area Development Authority (GMADA) has identified 1,050 acres of land in eight villages Daon,Mianpur,Hassanpur,Tarauli,Barmajra,Raipur,Jandpur and Jhungian for acquisition and requested the state government to issue a notification under Section 4 of the Land Acquisition Act. While 930 acres will be used for the urban estate,120 acres of land are required for the by-pass,which will decongest the busy Mohali-Kharar stretch of National Highway 21,which has assumed the distinction of killer stretch.
Besides the urban estate,a Sub City Centre to cater to the commercial needs of Sectors 120-125 too will come up in the area already earmarked for the purpose in the approved Master Plan of Mohali. Also,a water treatment plant for treating 40 mega gallons daily (MGD) of canal water,being fetched from the Bhakra Main Line Canal in Kajauli to quench the thirst of Greater Mohali area,will be set up in Sector 120.
To make the by-pass,Sub City Centre and water treatment plant projects self-sustained,GMADA has planned to develop a residential urban estate in their vicinity. Approving the ambitious project recently,GMADA worked out two alternatives to acquire the land identified for the purpose.
Confirming the development,a senior GMADA official disclosed that in case all the farmers opted for cash compensation,which will tentatively be Rs 1.5 crore per acre,GMADA will need to pay a Rs 1,575 crore award whereas Rs 525 crore will be required to develop the area at the estimated rate of Rs 50 lakh per acre.
Since GMADA has no funds to meet such a huge expenditure from its coffers,it will have to procure loan,the interest on which was worked out over Rs 500 crore,which will take the total project cost to almost Rs 2,600 crore.
To decrease the cash compensation award,GMADA decided to attract more and more farmers towards the Land Pooling Scheme (LPS),which has been revised recently to offer 2 kanal (1000 square yards) residential and 4 marla (100 square yard) commercial sites to the farmers against acquisition of 1 acre land.
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