Latest news with #LandAcquisition(Rehabilitation&Resettlement)Act
Time of India
02-07-2025
- Business
- Time of India
Land acquisition for Harnandipuram starts, 25 farmers get Rs 5 crore compensation
Ghaziabad: Ghaziabad Development Authority (GDA) started land acquisition for the Harnandipuram project. Land compensation totalling more than Rs 5 crore has been given out to around 25 farmers, so far. GDA vice chairperson Atul Vats told TOI, "Land acquisition for any project can be tricky, and for its Harnandipuram township project, GDA needs to acquire 336 hectares from five villages. The process has started, and the sale deed worth Rs 43 lakh was recently executed for 759 sqm of land in Nangla Feroze Mohan Nagar between GDA and owner Ruby, who technically became the first landowner to part with the land for the township. " In the last month, over 25 farmers have come forward and executed sale deeds worth over Rs 5 crore. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida "This is a good start, which also means that more farmers will be encouraged to come forward. The committee headed by the DM to decide on land rates for Harnandipuram was decided, which was four times the DM circle rates as per the Land Acquisition (Rehabilitation & Resettlement) Act, 2013. However, we are also open to mutually agreed rates," Vats said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like One of the Most Successful Investors of All Time, Warren Buffett, Recommends: 5 Books for Turning... Blinkist: Warren Buffett's Reading List Click Here Undo The estimated cost of land acquisition is Rs 2,384 crore, which includes 7% stamp duty and 1% registration charge. The five villages selected for acquisition are Mathurapur, Shamsher, Champatnagar, Bhanera-Khurd, and Nangla Feroze Mohan Nagar. Compensation structure will vary across villages because of the difference in circle rates. Farmers in Mathurapur, where 14 hectares will be acquired, will receive Rs 4,080 per sqm against the current rate of Rs 1,020. In Shamsher, where 86 hectares are needed, farmers will get Rs 6,760 per sqm, up from the existing Rs 1,690. Champatnagar farmers, who will part with 33 hectares, will receive Rs 4,040 per sqm compared to the current Rs 1,010. For Bhanera-Khurd's 9 hectares, the compensation rate was set at Rs 4,240 per sqm, up from Rs 1,060. The largest land acquisition of 192 hectares from Nangla Feroze Mohan Nagar will be compensated at Rs 7,200 per sqm, up from the existing Rs 1,800. The state govt has allocated a budget of Rs 400 crore under the CM Urban Expansion New City Promotion Scheme for the development of the Harnandipuram township. Land acquisition will be done in phases. In the first phase, 336 hectares will be acquired from five villages. The township is planned to come up in an area of 521 hectares.
Time of India
19-05-2025
- Business
- Time of India
GDA to spend Rs 2.4k crore to acquire 336 hectares for Harnanipuram township
Ghaziabad: The Ghaziabad Development Authority (GDA) board is likely to approve a Rs 2,384 crore budget to acquire 336 hectares of land from five villages—Mathurapur, Shamsher, Champatnagar, Bhanera-Khurd, and Nangla Feroze Mohan Nagar – for its Harnanipuram township . The cost estimates were prepared prior to the board meeting scheduled for Tuesday. "A committee headed by DM to decide on land rates for Harnanipuram was decided, which was four times the DM circle rates as per the Land Acquisition (Rehabilitation & Resettlement) Act, 2013. The board will adopt the rates," said Rajesh Kumar Singh, GDA secretary. According to Singh, the estimated cost includes 7% stamp duty and 1% registration charge, and compensation structure will vary across villages because of the difference in circle rates. Farmers in Mathurapur, where 14 hectares will be acquired, will receive Rs 4,080 per sqm against the current rate of Rs 1,020. In Shamsher, where 86 hectares are needed, farmers will get Rs 6,760 per sqm, up from the existing Rs 1,690. Champatnagar farmers, who will part with 33 hectares, will receive Rs 4,040 per sqm compared to the current Rs 1,010. For Bhanera-Khurd's 9 hectares, the compensation rate was set at Rs 4,240 per sqm, up from Rs 1,060. The largest land acquisition of 192 hectares from Nangla Feroze Mohan Nagar will be compensated at Rs 7,200 per sqm, up from the existing rate of Rs 1,800. Additionally, the GDA board is also expected to pass a land use change proposal under the UP govt's Promoting Leadership and Enterprise for Development of Growth Engine (PLEDGE) scheme for the development of industrial parks . "A proposal to change the land use of 0.431 hectares of land in Galand from agriculture to industrial will also be tabled under the PLEDGE scheme. To promote such industrial parks, govt will provide incentives like giving loans of up to Rs 50 lakh/acre at a 1% interest rate for a period of six years for the development of boundary walls, roads, and other amenities," Singh said. As per the scheme's salient features, a private developer or a consortium of developers should have a land bank between 10 acres to 30 acres. It will also give impetus to Micro, Small and Medium Enterprises (MSME). The developer will reserve 75% of the industrial park land for MSMEs.
