Mumbai: Even as the Bombay High Court has allowed to cut mangroves spread over 108 hectares, the state-run City and Industrial Development Corporation (CIDCO) has yet to cross the major hurdle of acquiring 291 hectares of private land and the agreement with project affected persons (PAPs) over compensation. This is crucial to kick start development of Navi Mumbai international airport.
Both CIDCO and the state government are stepping up efforts to arrive at a consensus over compensation for PAPs before the meeting convened by the Prime Minister on November 13 to expedite the project development. PAPs, who have dropped their earlier demand of Rs 20 crore per acre, are demanding allocation of 35% developed land against offer of 22.5% made by the state government and CIDCO. The state government has already clarified that land for land compensation formula would be implemented instead of cash for cash formula for PAPs.
30/10/13 Sanjay Jog/Business Standard
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Both CIDCO and the state government are stepping up efforts to arrive at a consensus over compensation for PAPs before the meeting convened by the Prime Minister on November 13 to expedite the project development. PAPs, who have dropped their earlier demand of Rs 20 crore per acre, are demanding allocation of 35% developed land against offer of 22.5% made by the state government and CIDCO. The state government has already clarified that land for land compensation formula would be implemented instead of cash for cash formula for PAPs.
30/10/13 Sanjay Jog/Business Standard
