GMADA offers bigger plots as compensation

MOHALI : In view of the tepid response from land owners for its land pooling scheme, the Greater Mohali Area Development Authority (GMADA) has decided to increase the compensation for land acquisition.

Instead of 121 square yards, the authority plans to offer the land owners a commercial plot of 200 square yards.

The existing land pooling policy allows awarding housing and commercial sites in lieu of farmers’ land, and is applicable for all new townships under the ambit of GMADA.

For instance, in case of acquisition of eight kanals, the land owner has two options: To either choose a 1,000 square yard developed residential site and a 121 square yard developed SCO site or a 500 square yard residential site with a 300 square yard SCO site.

Willing to increase the commercial site’s land size, GMADA has sent a file to the Punjab cabinet for its final approval, which is expected in the first week of June.

GMADA additional chief administrator Rajesh Dhiman said with changes in the scheme, we hope more land owners will opt for it. “The file has been sent to the Punjab cabinet for approval, which we expect by next month,” he said.

MORE TIME NEEDED FOR ECO CITY-3

Also, due to the nationwide Covid-19 lockdown, GMADA has again proposed to extend the time limit to acquire land for its Urban Estate Eco City-3 project at New Chandigarh, Mullanpur.

Earlier, after facing fund crunch and poor response from landowners, GMADA had extended the acquisition’s last date from March 12 to April 1.