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The Rs 2,384 crore deal, including 7% stamp duty and 1% registration fee, involves land from 5 villages, with varying rates set for each village under the acquisition plan
The largest land acquisition is from Nagla Firoz Mohan Nagar, with 192 hectares being taken at a rate of Rs 7,200 per square metre. (Representative/News18 Hindi)
In a major urban expansion move, authorities have begun laying the groundwork for a new city in Ghaziabad, Uttar Pradesh’s most densely populated district. The Ghaziabad Development Authority (GDA) has kickstarted land acquisition for the proposed Harnandipuram township by disbursing Rs 5 crore as initial compensation to 25 farmers. The ambitious project spans five villages, with farmers being offered four times the prevailing market rate for their land.
According to GDA Vice Chairman Atul Vyas, land acquisition for any project is challenging, and the Harnandipuram township project is no exception. The authority needs a total of 336 hectares of land, spread across five villages.
Currently, a sale deed worth Rs 43 lakh has been prepared, covering the sale of 759 square metres of land in Nagla Firoz Mohan Nagar. Ruby will be recognised as the first owner of this land, according to the sale deed made by GDA.
25 Farmers Offer Land For Harnandipuram Project
So far, 25 farmers have come forward to complete the sale deed process, with a total of Rs 5 crore offered as compensation. Vyas believes this is a positive start, indicating that more farmers may approve the proposal. The committee formed for land acquisition is headed by the district’s DM, who will determine the land prices for the project. The DM has set the land price at four times the current circle rate.
The total deal is valued at Rs 2,384 crore, which includes 7% stamp duty and 1% registration charge. This land is being acquired from residents of five villages, with different rates fixed for each village.
Circle Rates Vary Across Villages
For the land acquisition, the authority is taking 14 hectares from Mathurapur village at a rate of Rs 4,080 per square metre, compared to the current rate of Rs 1,020 per square meter.
From Shamsher village, 86 hectares are being acquired at a rate of Rs 6,760 per square metre, higher than the current rate of Rs 1,690.
Similarly, farmers in Champatnagar are being offered Rs 4,040 per square metre, instead of the current circle rate of Rs 1,010, for 33 hectares of land. Additionally, 9 hectares of land from Bhanera Khurd are being acquired at Rs 4,240 per square metre, compared to the current rate of Rs 1,060.
The largest land acquisition is from Nagla Firoz Mohan Nagar, with 192 hectares being taken at a rate of Rs 7,200 per square metre, the current rate being Rs 1,800.
- Location :
Ghaziabad, India, India
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