HMDA has decided to take up more land pooling schemes in the Hyderabad

Buoyed with the success of the first Land Pooling Scheme (LPS) at Uppal Bhagat, Hyderabad MetropolitanDevelopment Authority (HMDA) has decided to take up more land pooling schemes in the Hyderabad metropolitan region.
Municipal Administration and Urban (MA&UD) department has cleared guidelines for implementation of LPS, a couple of days ago. “LPS is beneficial to both land owners and the metropolitan authority. While there will be a systematic development in the area, land owners who are part of LPS will get developed land,” HMDA metropolitan commissioner T Chiranjeevulusaid.

za
Image Source: Times of India

Under LPS, if a group of farmers come forward and give land to HMDA, the authority develops the land as per layout rules and gives the developed land (minimum 30% of land) back to land owners. While HMDA bolsters its coffers by way of its share, including development cost, land owners get good value for their share.

On allotment of developed land, minimum 30% of developed land goes to each owners and the authority and 40% is required for providing roads, civic infrastructure, including sewer lines, other amenities in the layout. In developed plots, it has been decided to earmark 10% to 15% for commercial space.

As there is a chance of the project dragging, a three-year time-frame has been fixed for completion. If it’s delayed beyond three years, land owners get 0.5% of the basic value of land per month till completion of the development. Similarly, there is a rider for the owners where sub-division of plots is not allowed as it may lead to haphazard development.  Source: Times of India

 

1,496 total views, 3 views today