Feb 5, 2012

Metro: compensation fixed

A meeting of the District level Purchase Committee (DLPC) has recommended paying Rs. 31.35 lakh per cent of land to owners surrendering the land for the widening of the Banerjee Road and Jos Junction-South Railway Station Road ahead of the proposed Kochi metro rail.
Landowners had asked a week's time to respond to the land value promised by the DLPC held at the camp office of the District Collector on Saturday. Land acquisition officials will convince owners in cases where land and buildings need to be acquired, before the time limit.
District Collector P.I. Sheikh Pareeth said that all formalities had been completed for acquiring land on fast track and compensation will be paid promptly to all those willing to surrender their land.
Land is being acquired for widening the Banerjee Road by 22 meters and the Jos Junction-South Railway Station Road by 18 meters. For this, 56.25 cents were being acquired on Banerjee Road and 37.5 cents in South.
Officials will point out the land to be acquired in Banerjee Road on Wednesday, while in South it will be on February 14. Thereafter, the DLPC will meet again to finalise the matter.

LANDOWNERS SATISFIED

The Public Works Department (Buildings) had completed the assessment of the compensation to be paid for the portions of buildings to be demolished along these areas in connection with road widening.
As per the assessment, compensation varying between Rs. 10,000 and Rs. 2.89 crore, with an average of Rs. 1,000 for one sq.ft, had been fixed depending on the extent of demolitions. Age of the building had not been considered in determining the compensation. Building owners had been more or less satisfied about the rate of compensation.
Besides, a recommendation will be made to the State government to grant landowners surrendering land, relaxation in floor area ratio for buildings being constructed in the rest of their land. Efforts were also being made to give registration and stamp duty exemptions.
Deputy Collector K.P. Mohandas Pillai, Tahsildar Ittymani George, and officials of Kochi Metro Rail Limited attended the meeting.
Source - The Hindu

 

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