Change in policy on land banks

Tribune News Service

Chandigarh, March 22

The Cabinet on Thursday approved a modification in the Land Pooling Policy-2013 in order to create land banks for the proposed Aero City Expansion Project of GMADA, with a minimum of 15 per cent compensation to be given to land owners.

This decision was taken at the Cabinet meeting held here on Thursday evening, said an official, adding that the modification will help create land banks for urban estate through land pooling.

The Cabinet decided that a higher share of commercial area could be considered to be given to land owners if they so desired. However, in such cases, they would get lesser share of residential area to the tune of 1:3 ratio.

A small percentage of the farmers demanded cash compensation to purchase land for cultivation in other areas, while a few farmers requested to issue notification and award as per law, so that they are not harassed by the I-T Department. The land owners also asked for an increased proportion of commercial area to 200 sq yards.