Land pooling scheme notified: Haryana Govt - Real Estate India

??|?? August 18, 2012 ?? 01:10pm ??|Contributed by MANOJa

Chandigarh : Haryana government today said it has notified a new land pooling scheme whereby the landowners are given an option to get developed land against land acquired for industrial or infrastructure development.

Referring to the salient features of the new scheme, a spokesman of Haryana Industries and Commerce Department said the landowner would have the choice to opt for developed land measuring 1200 square yards for each one acre of land proposed to be acquired in lieu of the ?compensation package and all other benefits admissible under the Rehabilitation and Resettlement (R and R) Policy? of the government.

The landowner would be eligible to participate in the Land Pooling Scheme only if a minimum of half acre or more of his or their land is acquired.

The entitlement of developed land shall be in proportion to the land acquired or pooled by the landowner which is 1200 sq yards per acre.

The option for the land pooling scheme will have to be exercised by the landowners in writing in the prescribed form within a period of four months of the publication of Section 4 notice under Land Acquisition Act.

Where a landowner opts for the ?developed land? under the Land Pooling Scheme, he would have the freedom to sell his developed land in the open market.

The land owner shall also have the option to opt for the land pooling scheme in respect of part of his land being acquired and accept compensation along with the R and R benefits? in respect of the balance land provided, the minimum land being acquired is one acre, he said.

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