Monday, February 11, 2013

Cidco offers Rs 3.50 cr/ha to buy land for Navi Mumbai airport


Mumbai: City and Industrial Development Corporation (Cidco), the nodal agency for the development of Navi Mumbai International Airport (NMIA), has made a fresh offer of a compensation of Rs 3.50 crore per hectare or 22.5 per cent developed land to the project affected persons (PAPs). PAPs have sought time to consider Cidco’s new proposal before they can respond.
R C Gharat, a senior Congress leader and negotiator of PAPs, confirmed Cidco’s new offer made to them last week at the meeting chaired by Chief Minister Prithviraj Chavan. “This is mentioned in Cidco’s presentation. However, we have yet to study the Cidco’s offer,” he noted.
Meanwhile, PAPs have told Cidco that they should be given 35-40 per cent of the developed land. PAPs are taking out morcha on Monday to press for its demand. Earlier, they had turned down Cidco’s and Maharashtra government’s offers to give 12.5 per cent or up to 15 per cent developed land and a monetary compensation of Rs 10 lakh per hectare.
11/02/13 Sanjay Jog/Business Standard
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