Land pooling only way out
Govt to take up land pooling to acquire up to 50,000 acres of land in the Vijayawada-Guntur region
Sep 24, 2014
Source : The Times of India
Land

 

Hyderabad: Weeks after declaring that Vijayawada will be the new capital of Andhra Pradesh, the TDP government said on Tuesday that the state has only 4,000 acres of land in the proposed capital area.

 

"Therefore, we have no option but to take up land pooling to acquire up to 50,000 acres of land in the Vijayawada-Guntur region over the next one year," AP municipal administration minister P Narayana said at a press conference here.

Narayana said that if farmers do not come forward for land pooling, the Land Acquisition Act may be invoked as a last resort. "We have so far visited Chhattisgarh capital Naya Raipur, Gujarat capital Gandhinagar and Chandigarh to study land pooling methods.Each has its own advantages and disadvantages. For the AP government, land pooling for the new capital is not a commercial operation but a responsibility" he said.

The minister said that Naya Raipur and Gandhinagar do not have any social infrastructure and merely function as administrative blocks. "People do not live in these capitals. Our chief minister wants to build a capital with good social infrastructure. For an administrative capital, we may need only about 10,000 acres but if we want to develop a social eco-system, we would need around 50,000 acres" he said.

According to Narayana, the proposed capital will have separate sectors for education, administration, social infrastructure and residences."All these will be developed simultaneously once we acquire land from farmers and others through the pooling method. They would also stand to gain as the value of the land will shoot up after it is developed," he said.

Explaining further the modes of land pooling, Narayana said that in Naya Raipur, the Chhattisgarh government retained 65% of the land after developing it and gave the remaining 35% to the owner. In the Gandhi Nagar model, of the total land pooled, 15% was allotted for roads, 5% for open parks, 5% for social infrastructure, 10% for lower index groups and 15% as land bank. The remaining 50% was developed and shared equally between the state and the owner. "We will also visit Singapore and China to study land pooling methods there," Narayana added.

Latest Realty News

Next housing boom to happen in Narela
Sep 24, 2014
Narela could be the next major housing hub in the capital with DDA focusing its resources on developing over 20,000 flats here over the next 2-3 years
AAP, Cong slam govt for hiking property circle rates
Sep 24, 2014
The AAP and the Congress slammed the Delhi government's decision to increase property circle rates by 20% and demanded its rollback
Another land regularisation window in Punjab
Sep 24, 2014
The Punjab cabinet has approved a new one-year policy for the regularisation of unauthorised colonies, plots and buildings across the state
Cisco unveils 'Smart City' model for a digital India
Sep 24, 2014
Looking to cash in on the $ 600 billion Digital India initiative, global tech giant Cisco unveiled a "smart city" model
Lodha Group eyes Rs 9,000 crore revenue on rising demand of luxury houses
Sep 24, 2014
Riding high on growing demand for its high-end luxury residential offerings, city-based Lodha Group is expecting nearly Rs 9,000 crore revenues this fiscal
Hike in circle rates in Delhi to hit housing demand
Sep 24, 2014
Increase in circle rates by up to 20 per cent in the national capital could further dampen investor sentiment and affect housing market, according to global property consultants
Cost of houses pretty high, scope for reduction: RBI's S S Mundra
Sep 24, 2014
Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said
Scams hit real estate prospects in Bhubaneswar
Sep 23, 2014
Recent developments in land and chit fund scams have worsened miseries of the real estate industry in the city
Probe into Land Scam Begins
Sep 23, 2014
Additional Chief Secretary of Revenue Taradatt reached Dharmasala tehsil in the district to probe the land scam and verified several documents in this regard
CBI arrests Mohanty in Artha case
Sep 23, 2014
The Central Bureau of Investigation (CBI) arrested former advocate-general (AG) Asok Mohanty for his alleged links with Pradeep Sethy, chairman-cum-managing director of money deposit circulation company Artha Tatwa (AT) Group

Latest Realty News Of State

Realty Talk's