To protect the interests of land owners, the Haryana government has notified a land pooling scheme for the development of residential sectors by Haryana Urban Development Authority (HUDA), a spokesperson said on Wednesday.
The official said the government had now decided to introduce a land pooling scheme in which landowners were given an option to become partners in the development process. The land owners, whose land would be acquired for the development of residential sectors, would have the option either to accept the monetary compensation under the Land Acquisition Act alongwith non-statutory benefits under the rehabilitation and resettlement policy (R&R policy) or to seek the compensation in the form of developed plots as full and final settlement, the spokesperson said.
He added that as the state's nodal agency, the urban estates department would acquire land for projects undertaken by HUDA under the Land Acquisition Act.
The government has also notified its land acquisition and R&R policy, dated November 9, 2010. Under the policy, landowners are protected with provisions for floor rates to ensure payment of market-linked compensation, and a number of benefits under the R & R Policy, including payment of annuity for 33 years.