Land pooling scheme notified
The Haryana industries and commerce department notified its new land pooling scheme, whereby landowners will be given an option to become partners in the development process.chandigarh Updated: Aug 17, 2012 22:37 IST
The Haryana industries and commerce department notified its new land pooling scheme, whereby landowners will be given an option to become partners in the development process.
An official spokesperson on Friday said after the government notified any land for acquisition for development of industrial and supporting infrastructure under Section 4 of the Land Acquisition Act, the landowner would have the choice to opt for developed land measuring 1,200 sq yards for each one acre of the land proposed to be acquired in lieu of the "compensation package and all other benefits admissible under the rehabilitation and resettlement (R&R) policy" of the government or accept the amount in lieu thereof for the entitled developed land at the allotment rates applicable at the time of first floatation of the estate.
The landowner would be eligible to participate in the land pooling scheme only if a minimum of half acres or more of his land is acquired. The entitlement of developed land would be in proportion to the land acquired or pooled by the landowner at a rate of 1,200 sq yards per acre.
The option for the land pooling scheme would have to be exercised by the landowners in writing in the prescribed form within a period of four months of the publication of Section 4 of the notification.
Where a landowner would opt for the developed land under the scheme, he would have the freedom to sell his developed land in the open market. The land use in respect of such land would remain "industrial" and would not change under any circumstances. However, any subsequent purchaser of land would be governed by the estate management procedures of HSIIDC as applicable from time to time.
First Published: Aug 17, 2012 22:35 IST