CM approves to increase prices for farm land in non-rural areas

MSRDC will now develop smart cities along expresswaysBy Accommodation Times Bureau

MUMBAI

The Chief Minister Devendra Fadnavis last week cleared a plan under which agricultural land and land in no-development zones in nonrural areas will now fetch prices five times of the market value. The certain changes made by the state government in land acquisition rules that will speed up the acquisition of plots for infrastructure projects.

The changes and decision will aid in the acquisition of land by the Maharashtra State Road Development Corporation (MSRDC) for lavish infrastructure projects such as the Rs 46,000 crore Mumbai-Nagpur super communications highway. Some places which have a development plan but are not under any municipal limit these include Nagpur, metropolitan region Kalyan and other areas. The present compensation for land is only 3.75 times of the Ready Reckoner rate or rate of the last purchase, whichever is higher.

According to an official, “This created hurdles in acquiring land for projects such as the Nagpur-Mumbai expressway. Those who owned the land asked why the government was paying them less than what people in rural areas got.”

“The Ready Reckoner rate in municipal limits is already very high,” said the official. The state offers compensation five times the value of land to those who willingly (negotiated purchase) hand over their plots. However, the increased compensation will not be applicable for land within the municipal council and municipal corporation limits.





Similar Articles

Leave a Reply

Top