Land-losers to receive different packages depending upon the area of land acquired from them
Nandi Infrastructure Corridor Enterprises (NICE), which is executing the Bangalore-Mysore Infrastructure Project (BMICP), on Friday submitted an affidavit to the Karnataka High Court that it is prepared to give 40 per cent of the developed land to the land-losers for the land acquired to set up a township near Bidadi as part of the project.
The affidavit was submitted during the hearing of a petition filed by NICE before a Division Bench comprising Justice H. Billappa and Justice B. Aravind Kumar.
NICE had questioned fixation of Rs. 40 lakh per acre as compensation by the State government for the land acquired for the Bidadi township, which was one of the five townships proposed as part of the project. The company’s contention was that as per the agreement with the government on the project, it was liable to pay only the price that prevailed in the year when preliminary notification was issued for acquiring land. However, the court asked NICE to come up with a solution that would be acceptable to all the parties and beneficial to land losers.
“…the land owners would receive different packages depending upon the area of land acquired from them which would work out to 40 per cent of the developed land for each acre of the acquired land…,” stated D. Ravisankar, Chief Finance Officer (CFO) of NICE in the affidavit.
Now, the State and other authorities have to submit their responses to the proposal made by the company as the Bench adjourned further hearing on the petition till January 3, 2014.