Planning agency offers tripartite pact to airport project-affected
The move clears decks for plots to be sold to private developers
CBD BELAPUR: In a major decision, the City and Industrial Development Corporation (Cidco) has initiated the process of having tripartite agreement with airport project-affected people who are being allotted land at Pushpaknagar.
The decision clears the path for the PAP to sell their land to private developers.
Cidco senior public relations officer Mohan Ninawe, “Those PAP who have taken their allotment letter can enter into lease agreement contract with us.”
He added, “Those who have signed the lease agreement, can avail of the tripartitie agreement facility to give the land to someone or sell it.”
Cidco is giving 22.5% compensation land to the airport PAP at Pushpaknagar. With the tripartite agreement, the land owners will be able to get the market value of their land.
Cidco has acquired 672 ha of land from 10 villages for the construction of the proposed Navi Mumbai international airport. It is developing Pushpaknagar into a smart city where the promised 22.5% developed land is being given to the PAP.
Eight months ago, a computerized lottery of the land had been carried out. Accordingly, allotment letters had been allotted to the PAP. The process of giving possession of the land too has begun at Panvel.
The tripartite agreement process had not yet begun. This had prevented the sale of the land.
Cidco has for quite sometime, appealing to the PAP not to sell their land and instead pool in land among themselves and develop it themselves.
Cidco joint managing director V Radha said, “We have explained in detail to the PAP the value of their land and how they can best use it themselves for permanent earning.”
She added, “We have also pleaded with them to hold on to their land for a few years, as the price of this land will increase manifold with the smart city development taking place in Pushpaknagar.”
Radha said, “If the PAP still want to sell their land, it is their right and decision. That is why we have initiated the tripartite agreement system for their benefit.”