This is an archive article published on February 12, 2016
Premium

Talegaon: Villagers reap crores after land acquisition

Records show that 287 hectare of land have been acquired and total disbursement made is Rs 331 cr.

Written by: Partha Sarathi Biswas
3 min readPuneFeb 12, 2016 03:36 AM IST First published on: Feb 12, 2016 at 03:36 AM IST
pune Owing to the present rate of the compensation offered — Rs 55 lakh for an acre of land, almost 80 per cent of the villagers whose land were acquired have managed to rake in the moolah.

THE ONGOING land acquisition for the industrial estate of Talegaon phase II has come as a windfall for the villagers of Navlakha Umbre, Badalwadi and Mendewadi in Maval tehsil of Pune district with three villagers becoming crorepatis almost overnight.

Owing to the present rate of the compensation offered — Rs 55 lakh for an acre of land, almost 80 per cent of the villagers whose land were acquired have managed to rake in the moolah.

Advertisement

Located beside the old Pune-Mumbai Highway, the land acquisition in question is being moved by the Maharashtra Industrial Development Corporation (MIDC). Touted to house the much-talked about manufacturing facility of the electronic giant Foxcon, MIDC has sought to acquire 454 hectares of land here. Post negotiation, the rate for acquisition reached as high as Rs 55 lakh for an acre of land — one of the highest in the region. The project-affected people (PAP) have the choice to accept 15 per cent developed land as part of their compensation package also.

Latest Comment
Post Comment
Read Comments