Chanje

CIDCO’s Land Acquisition and Compensation Model

CIDCO’s land acquisition model is structured to provide a fair exchange for the agricultural land being acquired while ensuring that landowners receive valuable, developed property in return. The compensation is calculated based on a percentage of the acquired land, with a focus on providing infrastructure and amenities in the newly allotted plots.

Under this model, landowners are given 22.5% of the total acquired land area in the form of developed plots in the new sectors of Ulwe. These plots are part of CIDCO’s comprehensive development plan for the region, which includes essential infrastructure such as roads, electricity, water supply, and drainage systems. However, after deductions for social welfare purposes, the effective compensation is reduced to 15.75% of the total acquired land area.

Compensation Calculation Example

To better understand the compensation model, let’s go through a detailed example of how the compensation is calculated:

• Original Land Area: Consider one acre of agricultural land, which is equivalent to 43,560 square feet.
• Initial Compensation: Under the 22.5% compensation model, the landowner would initially be entitled to 9,813 square feet of developed land (22.5% of 43,560 square feet).
• Social Welfare Deduction: After the deduction for social welfare purposes, the landowner will only receive 15.75% of the total acquired land, which means the effective compensation would be 6,300 square feet of developed land.

These developed plots are located in the sectors 26 and 27 of Ulwe, which are part of CIDCO’s urbanization efforts. The value of these developed plots varies between ₹10,000 and ₹12,500 per square foot, depending on location and market conditions. This makes the compensation not only a fair exchange for the acquired agricultural land but also an investment in valuable real estate that is likely to appreciate over time.

Infrastructure Development in Ulwe

The heart of CIDCO’s development plan is the creation of modern, well-equipped urban sectors in Ulwe. Sectors 26 and 27 will become prime residential and commercial zones, benefiting from extensive infrastructure development. CIDCO has committed to building a fully integrated and sustainable community, ensuring that these sectors meet the needs of a growing urban population.

Here are the key aspects of the infrastructure that will be provided in the newly developed sectors:

1. Paved Roads and Transportation Networks: CIDCO will develop a well-planned network of roads within the sectors, ensuring ease of movement and accessibility. These roads will connect the sectors to existing transport corridors, helping integrate Ulwe into the larger urban framework of the region.
2. Electricity and Power Supply: A robust electricity supply system will be established, ensuring that both residential and commercial spaces in the new sectors have access to continuous power. This infrastructure will meet the growing demand for electricity in a rapidly developing area.
3. Water Supply Systems: The development will include modern water supply systems to ensure reliable access to clean and potable water. CIDCO’s plans will incorporate sustainable water management techniques to meet the region’s long-term needs.
4. Drainage Systems: A comprehensive drainage system will be constructed to manage wastewater and prevent flooding. This is especially important for maintaining sanitation standards and ensuring the safety of residents during the monsoon season.
5. Public Amenities and Green Spaces: CIDCO will ensure that there are sufficient green spaces, parks, and recreational areas in the newly developed sectors. These spaces will enhance the quality of life for residents, providing areas for relaxation, exercise, and community activities.
6. Floor Space Index (FSI) of 1.5: A crucial element of CIDCO’s development plan is the introduction of a Floor Space Index (FSI) of 1.5. This means that landowners will be able to construct multi-story buildings on their newly allotted plots. The FSI allows for higher density development, facilitating the efficient use of available land and helping meet the growing demand for both residential and commercial spaces in the area. This is an important factor in accommodating the region’s expanding population and fostering economic growth.

How the Landowners Benefit from the New Urban Development

The landowners from Chanje Village and the surrounding areas will benefit from CIDCO’s urban development plan in multiple ways. Here are some of the advantages they will enjoy:

1. Ownership of Developed Land: The landowners will receive developed plots in a rapidly urbanizing area, which are expected to appreciate in value as Ulwe’s infrastructure improves and the demand for residential and commercial spaces rises. This offers them an opportunity to become part of a growing urban community.
2. Comprehensive Infrastructure: The new plots will be equipped with essential infrastructure such as roads, electricity, water supply, and drainage systems. This means that landowners will not only receive valuable land but also benefit from high-quality urban amenities that improve the overall quality of life.
3. Increased Property Value: With the development of new infrastructure and the increased demand for housing and commercial spaces, the value of the land in Ulwe will likely rise over time. The plots provided to landowners will benefit from this upward trend, offering them a long-term investment opportunity.
4. Potential for Multi-story Development: The FSI of 1.5 will allow landowners to construct multi-story buildings on their plots, increasing the potential for higher returns on investment. This is particularly beneficial for landowners interested in developing residential or commercial properties that can accommodate more tenants or businesses.

The Step-by-Step Process for Landowners

The land acquisition process is carefully managed by CIDCO, ensuring that landowners are kept informed and receive their compensation in a transparent manner. Here is a step-by-step breakdown of how the process works:

1. Document Submission: Landowners must submit proof of ownership and other relevant documents to CIDCO. This includes land records, identification papers, and other necessary documentation to confirm that the landowner has legal ownership of the acquired land.
2. Document Verification: CIDCO’s team verifies the submitted documents to ensure that all information is accurate and that the landowner is eligible for compensation. This step may take some time, depending on the complexity of the verification process.
3. Official Notices and Allotment Letter: CIDCO will issue a series of official notices to landowners, informing them about the land acquisition process and the compensation details. Following this, landowners will receive an initial allotment letter, which serves as a provisional document recognizing their entitlement to a developed plot in Ulwe.
4. Agreement Deed Execution: Once the allotment letter has been issued, CIDCO will prepare a formal agreement deed for each landowner. This deed legally formalizes the transaction and ensures the landowner’s full rights to the newly allotted developed plot.
5. Plot Possession: After the agreement deed is signed, the landowner will be granted possession of the developed plot. CIDCO will ensure that the required infrastructure is in place, making the plots ready for development.