Punjab Farmers to Get Rs.4 Cr/acre & Kerala ahead of UP & Gujarat
While UP and Gujarat farmers were paid just Rs.32 lakh acre for their farm land recently Punjab farmers shall get Rs.4 crores per acre.
Kerala too has come up with a novel scheme to issue Land Bonds. Farmers can encash them at some later date and get then prevailing market price.
UP government agreed to enhance compensation to Rs.48 lakh and builders too agreed to give 5% of developed area that is roughly 150 sq.yd. but later backed out.
Punjab on the other hand offers 2x500 sq.yd developed residential plots and a commercial plot worth together Rs.4 crores.
This is reasonable – but best option is to let our Gallant Army Officers, Civil Servants, Engineers to Develop and manage their own land and projects to improve the Quality of Life in Villages and improve their earnings to urban level.
Ravinder Singh
October06, 2011
Refer this Indian Express Story side lights on Himachal Hydro Power.
http://epaper.indianexpress.com/13609/Ahmedabad/06-October-2011#p=page:n=6:z=2
ONE OF ITS KIND LAND POOL OR CASH
PUNJAB: A choice is offered to farmers whose land is being acquired for any residential colony or commercial complex. They can claim either a handsome compensation or a share in the colony/complex. On a residential complex coming up in Mullanpur near Chandigarh, farmers were offered Rs.1.30 crore per acre but nearly all opted for the pool scheme—for every acre surrendered, they stand to get two developed, 500-square-yard residential plots and a commercial site. Currently, 500-sq-yd plots there fetch over Rs 1 crore in the market.
GIVENOW, TAKEMORE LATER KERALA: The draft of a new land acquisition policy has a provision that those who surrender land can benefit, if they wait long enough, from a future jump in real estate prices. The government will issue an infrastructure development bond against the property surrendered by the owner,
who can encash it at any time for an amount based on then prevailing market rates. Another suggestion is to set apart a quantum of project shares for those whose land would be acquired for the project. ENS
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