Saturday, July 18, 2009

Objections and compensation

Objections and compensation

Those to lose land in the development of karanth layout demand more money

Bosky Khanna. Bangalore

Land owners, who will be losing their properties to the formation of the K Shivaram Karanth layout that was approved by the cabinet last year, have been objecting to this move by the Bangalore Development Authority (BDA). Most of them are not happy with the compensation package offered to them.
BDA officials admitted that the agency has received over 12,000 objections. Most of these include requests from people who do not wish to give up their property or from those demanding a compensation amount higher than what is being offered by the government.
As of now, the government has offered 40% of the developed land along with a monetary compensation to those losing their lands to the layout project. The monetary compensation includes a guidance value ranging from Rs15-50 lakh, depending upon the village, 30% as solatium and 12 % interest from the date of issuing the preliminary notification on the guidance value.
The officials are now planning to put forth a proposal to the state government, requesting them to increase the compensation package. In the meanwhile, the BDA has also proposed to the government that the existing land owners be exempted from paying the stamp duty once again for the compensatory site.
For every acre acquired, BDA will award 9,583 square feet of land to the owner. Those who do not wish to opt for this new land policy will be given monetary compensation and a site as an incentive, based on the provisions mentioned in Section 11 of the Land Acquisition Act, 1849.
The BDA is developing five layouts in the city, of which 100 acres in each layout will be dedicated to group housing projects catering to the economically weaker sections and those who do not own a site.


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