KIADB will now hand over 10,738 sqft (per acre) of developed land to owners instead of 9,583 sqft.
BENGALURU: Though land acquisitions have grown exponentially in the 2020-2021 fiscal, the government seems to be finding it tough to reach its target of acquiring at least 43,000 acres to create an industrial land bank. To sweeten the deal for owners, it has increased their share of compensatory developed land by around 1,200 square feet per acre.
As per data made available by the government in the 2020-21 economic survey, Karnataka Industrial Areas Development Board managed to acquire 1,758 acres in 2019-20 vis-a-vis 2,423 acres in 2018-19. The current fiscal of 2020-21 has seen KIADB acquire 3,862 acres.
KIADB will now hand over 10,738 sqft (per acre) of developed land to owners instead of 9,583 sqft.
BENGALURU: Though land acquisitions have grown exponentially in the 2020-2021 fiscal, the government seems to be finding it tough to reach its target of acquiring at least 43,000 acres to create an industrial land bank. To sweeten the deal for owners, it has increased their share of compensatory developed land by around 1,200 square feet per acre.
As per data made available by the government in the 2020-21 economic survey, Karnataka Industrial Areas Development Board managed to acquire 1,758 acres in 2019-20 vis-a-vis 2,423 acres in 2018-19. The current fiscal of 2020-21 has seen KIADB acquire 3,862 acres.
Govt. has neglected High Court order of 2018, says action panel president People who lost their land for the Kinfra Knowledge Park project at Ramanattukara staged a dharna in front of the office of local MLA V.K.C. Mammed Koya at Cheruvannur on Tuesday. It has been 28 days since they launched a protest in front of the park, demanding their rightful compensation.
The 140 landowners who lost their land for the project have reportedly not received a large chunk of the compensation since the government took over the land 12 years ago. The government has even neglected the Kerala High Court order in 2018 that asked the State to pay complete compensation to the landowners, said K. Koyamutti Haji, president of the Ramanattukara Kinfra Knowledge Park Land Losers Action Committee.
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