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No price fixed for land acquisition: MC

Putting an end to rumours, the municipal corporation has clearly stated that no price for any property that is to be acquired for the Metro rail project has been fixed so far and it would still take a lot of time to complete the procedure.

Updated on: Aug 26, 2012 12:19 AM IST
Hindustan Times | By , Ludhiana
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Putting an end to rumours, the municipal corporation has clearly stated that no price for any property that is to be acquired for the Metro rail project has been fixed so far and it would still take a lot of time to complete the procedure.

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HT Image


There have been rumours since long that the authorities have planned to pay a lower price than the actual market rate for acquiring land in different areas of the city through which the Metro rail would pass.

However, the MC, which was conducting different surveys on the project, has unequivocally said no price has been fixed yet for any area of the city from where the rail would pass. "The project is still in its initial stage and no price has been fixed for any property that has to be acquired for the purpose," said Hemant Batra, senior town planner, who is also a member of the special cell, Metro rail.

There were reports that a large number of city residents were having nightmares after they learnt from unconfirmed sources that the authorities have fixed compensation price lower than the actual for their property.

 
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