Gujarat to share proceeds of land sale
In December 2010, the Gujarat government brought out a new land acquisition policy for acquiring agricultural land for Gujarat Industrial Development Corporation (GIDC). The new policy seeks to make land-givers active partner in the industrialisation process.
The market price of the land will be based on the actual market price. As per the new policy, 10 % of the differential amount between the land allotment price and the land (consent) price, recovered by GIDC from the sale of the land in the estate will be paid back to the land owner who gives consent, says junior industries minister Saurabh Patel. Any landowner whose entire landholding has been acquired will be entitled to one time financial assistance equivalent to 750 days of minimum agricultural wages for loss of livelihood, which amounts to R 75,000.
Another provision of the policy is that the GIDC will also share the proceeds of land sale with the village panchayat. Three per cent of the difference between the allotment price and price at which land is purchased will be deposited into a separate bank account for utilisation in public purposes. mahesh langa
Want land? Talk to farmers, says UP
Uttar Pradesh announced a new land acquisition policy this June. According to the Uttar Pradesh chief minister, “the state government would no longer acquire land for private projects. Private developers would have to talk to the farmers directly for land purchase. Under the new policy, the district magistrate would only identify the land for private projects.
Under the package, farmers would have two alternatives. They can take 16% development land at R 23,000 per acre as annuity for 33 years. There would be annual increment of R 800 per acre on annuity payable in July every year. If any farmer wanted onetime payment annuity, he would be given Rs 2.76 lakh per acre.
Moreover, the acquisition would be possible only if 70% affected farmers were ready to sell. If they were not in agreement, the project would be reconsidered. The company purchasing land would have to construct a school. Other features of the policy: If farmers buy land anywhere in the state with cash compensation they would have to pay no stamp duty; one member of the affected farmer’s family would be employed by the company.
Rajesh Kumar Singh