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.
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