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Acquisition of land for Information City soon: GMADA

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The Times of India        21.10.2010

Acquisition of land for Information City soon: GMADA

MOHALI: Work on GMADA's ambitious Information City project, which is planned over 1,600 acre located close to Aerocity, is likely to begin soon. After Cabinet approval to the venture last month, authorities, a week ago, submitted a proposal seeking approval to acquire land for the project. Officials said notification for land acquisition would most likely to given within 10 days.

Information City is also going to have residential plots, which would give people another chance to own a plot near the planned international airport and Aerocity. Optimistic about a good response to new project, officials said that 35% of the total area had been earmarked for residential purposes.

"Last week, we sent a proposal for permission to acquire land. The acquisition notices will most probably issued within 10 days," said GMADA additional chief administrator Balwinder Singh Multani.

Sources said land in sectors 82-A, 100, 101-A and 66-B would be acquired for Information City. Instead of cash compensation, officials said, GMADA would go for land pooling scheme and an agreement of providing developed commercial and residential plots would be signed with those who part with their land. According to a decision taken by state government, of the total land to be acquired for the project, 40% would be used for development of IT industry, 35% for residential purposes and the remaining 25% for commercial activity.