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Financial Express Pune
|June 13, 2025
CIDCO's COMPENSATION PLAN is based on the 60:40 formula where the landowners get the equivalent of 40% of their land back once developed, while 60% will be part of the urban development plan.
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Landowners objected to this model and five villages from a Panvel panchayat had even moved the Bombay High Court in March challenging the project's implementation, alleging violations of the Maharashtra Regional and Town Planning (MRTP) Act. They have alleged it is a land-grabbing attempt which will leave them in the lurch with inadequate compensation. However, Singhal says that the 40% is more than 100% of their land value.
CIDCO recently announced the new, final deadline of June 30 for participation in the arbitration hearings related to TPS 8, 9, 10, 11, and 12 under the project. The original plans for NAINA were much bigger. The CIDCO website says that the original plan in 2013 covered 560 square kilometers, containing 270 villages in Thane district (14 villages) and Raigad district (256 villages).
Esta historia es de la edición June 13, 2025 de Financial Express Pune.
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