State Govt Finalises Land Pooling Terms for Musi Project
Patta landowners will get either a 50:50 share of developable land or 1,400 sq. yards per acre, whichever is less, after development.
Hyderabad: The Telangana government has announced separate land-pooling terms for the Musi Riverfront Development Area, with the exercise initially proposed between Nagole and Gowrelly.
The total area to be pooled, according to MRDCL director Narasimha Reddy, is still being worked out.
Patta landowners will get either a 50:50 share of developable land or 1,400 sq. yards per acre, whichever is less, after development.
Owners of the patta land in the buffer area will be eligible for 800 square yards per acre or Transferable Development Rights (TDR), depending on eligibility.
Patta land falling in the riverbed or Full Tank Level area will get 400 sq yards per acre or eligible TDR.
People occupying government land under encroachment will be allotted 300 sq. yards per acre.
Assigned lands will be dealt with separately and the authority will decide the amount of developed land in each case based on entitlement under the land-pooling scheme.
The order also treats all land pooled under the scheme as falling in the Multiple Use Zone.
The relevant Master Plan zoning rules will apply to such land.
A Special Impact Fee will be charged when building permission is granted, apart from the regular fees and charges.
The government has also said that certain provisions of its 2020 HMDA land-pooling order will not apply to Musi lands covered by the new scheme.
The earlier order had prescribed, among other conditions, a 60:40 sharing arrangement for HMDA land-pooling projects.
The development entity will bear nala or conversion charges on patta lands as well as charges for change of land use.
Registration and stamp-duty costs on plots allotted back to landowners will also be borne by it, with the fee fixed at 0.5 per cent of the market value.