He said the floor rates have been raised from the existing Rs 22 lakh per acre to Rs 40 lakh per acre for the land situated in the notified limits of the Gurgaon Municipal Corporation. The new rates will be effective from September 7. In effect, a land owner whose land is acquired in Gurgaon will get Rs 72 lakh per acre compensation, after adding the statutory amount of interest and 30 per cent Solatium, informed the Haryana Chief Minister.
Similarly, land owners who are now getting a Rs 16 lakh per acre land acquisition rate will, henceforth, receive Rs 30 lakh for land situated within the notified limits of Faridabad and Panchkula Municipal Corporations, in areas forming part of the Development Plans of the Gurgaon Maneswar Urban Complex, Sohna and the Sonepat-Kundli Urban Complex. Together with interest and Solatium, the total compensation would go up to Rs 54 lakh per acre.
In areas situated within the Development Plans of Bahadurgarh, Rohtak, Rewari, Dharuhera, Bawal and Panipat, the rates have been hiked from Rs 16 lakh to Rs 25 lakh per acre, which will add up to Rs 45 lakh per acre with interest and Solatium. In the rest of the National Capital Region (NCR), areas situated outside the limits of Panchkula Municipal Corporation in Panchkula district, and the land situated within the Develpment Plans of all other district headquarters outside the NCR, the land acqusition rate has been hiked from the existing Rs 16 lakh to Rs 20 lakh per acre, which will add up to a total of Rs 36 lakh per acre.
In the remaining parts of the state, the land acquisition rate has been hiked from the existing Rs 8 lakh to Rs 12 lakh per acre, which will eventually add up to Rs 21.6 lakh per acre, said Hooda.
No litigation incentive
Under the revised policy, landowners who do not resort to any litigation qua ‘acquisition of land’ and the ‘amount of compensation’, and agree to execute an agreement to the effect and are agreeable to the compensation amount so awarded by the land Acquisition Collector, would be granted a no-litigation incentive equal to 20 per cent of the basic rate of land (excluding the Solatium and interest) awarded by the LAC. The amount of incentive would be paid along with execution of the agreement, announced Hooda.
Annuity
Landowners will be paid an Annuity amount of Rs 21,000 per acre/ perannum, which will increase at the rate of Rs 750 every year for a period of 33 years. This amount paid over a period of 33 years works out to Rs 10,89,000 per acre. The rates of Annuity for acquisition of land for Private Companies/ initiatives will be twice that of the above (at a rate of Rs 42,000 per acre per annum with an increase at the rate of Rs1500 every year).
Residential rates
In cases where the Government has to resort to acquisition of self-occupied residential houses for unavoidable reasons in the process of acquisition of land by any government department, such owners would be entitled to assured allotment of residential plots. The residential plots under this category would be carved out in the vicinity of the village abadi. In case of HUDA and HSIIDC, these plots will be priced 20 per cent lower than the nodal price for the general public and cost-based in other cases.