Plan­ning agency of­fers tri­par­tite pact to air­port project-af­fected

The move clears decks for plots to be sold to pri­vate devel­op­ers

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - NAVI MUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­bai@hin­dus­tan­

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.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.