PAVING THE way for the biggest land deal of Bhopal’s history, the State Government today decided that costly Jehangirabad stud farm land would be auctioned for commercial purpose. Though the value of this prime land is yet to be estimated, it is likely that the deal could bring revenue worth about Rs 300 crore to the State Government’s kitty.
This 59.17-acre land known as Jehangirabad Stud Farm was taken in possession by the district administration in September last year. This land is considered suitable for the commercial purpose, especially for establishing the information technology-related business. Some months back, the district administration had sent a proposal in this regard to the State Government.
In a high-level meeting today chaired by Chief Secretary Rakesh Sahni, the State Government decided that the land would now be auctioned.
At present, the land is in possession of the Jail Department. Source said that the land would be handed over to the district administration from the Jail Department before the auction. Later on, the district administration would auction the land in open market.
The land use would also be declared as commercial. The district administration officials, the principal secretaries of different departments including Housing and Environment, Revenue and Finance etc, were also present in today’s meeting.
In February this year, the district administration had won a legal battle in the Supreme Court regarding the possession on the land.
It is said that the stud farm was founded in year 1939 and was one of the oldest stud farms of the country. The Bhopal Nawab’s descendents claimed that they were in possession of this land since the past 65 years. The stud farm was declared as government land in the year 2001 by then district Collector.
Afterwards, the Board of Revenue decided the ownership of the said land in favour of the Nawab’s descendents. Later, the government had moved High Court against the Board of Revenue’s decision.