Greater Mohali Development Authority (GMADA) has decided to file a review petition against Supreme Court (SC)'s decision to quash its acquisition of 102 acres in SAS Nagar for developing Sectors 76-80.
GMADA chief administrator AK Sinha confirmed that a decision to file the said petition has been taken and communicated to the Punjab state advocate general's office for final approval.
"We have got a copy of the order and we have decided to file a petition against the decision. An approval is being sought. We shall file the petition once we get a go ahead," said Sinha.
The court's order of quashing the acquisition of 102 acres of land has come as a setback to around 350 families who had been waiting for the possession of their plots for over 14 years.
GMADA had acquired 1,264 acres in 2001 for developing Sectors 76, 77, 78 79 and 80, of which the major portion of the land whose acquisition has been cancelled is in Sector 79.
However, those not happy with the price they had been paid for the acquisition, moved the court and now even if the review petition is not entertained, GMADA will have to acquire the land all over again, paying a much higher compensation as the new Land Acquisition Act mandates four times the market rate.
With the current rate at around `2.5 crore an acre, a compensation of `10 crore an acre is required to be offered, escalating the price over a 100 times since 2001, when it was `10 lakh per acre on an average.
Meanwhile those who had been allotted land are now frequenting the GMADA office wanting to know the fate of the said project.
"We haven't decided anything beyond filing the review petition as yet. We will decide the course of action on land allotment after having discussed it with the Punjab government," added Sinha.