NIT Creates Row and Asks Market Rate for 32 Acre Land for Smart City Project | Nagpur News

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Nagpur: After allocating large plots of land at nominal rates to government, private and trust-managed organizations, Nagpur Improvement Trust (NIT) decided to donate 32.39 acres to the Smart City project at market rate despite the objection of the municipal chief.
In violation of the state government decision, NIT decided to adjust the cost of the land in its share of Rs 250 crore to be paid to the civic body for the Smart City project.
These two decisions were made by the NIT Board of Directors at the July 13 meeting. The minutes of the meeting were approved at the October 4th board meeting. It emerged that the Nagpur Municipal Corporation (NMC) raised the issue with the government a few days ago.
According to the minutes of the meeting, NIT owns 32.39 acres in Mouza Bharatwada and Punapur, which fall under the Smart City project. The NMC has proposed to allocate land and apartments to people whose land will be taken for the construction of roads and gardens. The proposal is to allocate land and apartments by taking over the 32.39 acres from NIT.
At the meeting, NIT Chairman Manoj Kumar Suryawanshi said that the Smart City Project Special Purpose Vehicle – Nagpur Smart and Sustainable City Development Corporation (NSSCDCL) is expected to take back the land at market value. He added that the value of the land will be adjusted in the share that will be donated by the NIT.
At the meeting, city commissioner Radhakrishnan B said that land is very important for the systematic development of the city. He also said that the land should be donated for the Smart City project at a nominal rate of Rs 1. He added that the process of handing over the land should be conducted after the government decision, but the
NIT’s board of directors went ahead and decided to mark the land at market value for the project and adjust the amount of its share.
According to NMC sources, the market value of the land is likely to be around Rs 50-60 crore.
The NMC had proposed to develop all the zones located in mouza Pardi, Punapur, Bharatwada and Bhandewadi within the framework of the Smart City project. The central and state governments had approved Rs 750 crore and the remaining share of Rs 250 crore was to be borne by the NMC.
In May 2016, the government decided that the NIT would bear the share of Rs 250 crore going to the NMC. The government had also decided that the NIT would donate 50 crore rupees each over five years from 2016. The NIT was asked to bear the share of the development costs collected on the plots located in these areas and would not have executed all works.
Until now, the NIT had given only Rs 100 crore for the project. Now the NIT has decided to adjust the land value in the remaining share to Rs 150 crore.
“The delayed disbursement of Rs 150 crore by NIT is in itself a violation of the government’s order. NIT cannot adjust the cost of the land into its share, ”NMC officials said.
According to reports from various committees, the NIT has allocated land to government, private and trust-managed organizations at nominal rates in the past.
IN A WORD
* NMC proposes the development of zones in mouza Pardi, Punapur, Bharatwada and Bhandewadi within the framework of the Smart City project
* Central and state governments release Rs 750cr, NMC had to support Rs 250cr
* Government decides that NIT will give Rs 250cr to NMC by 2020
* NIT only gave Rs 100cr
* NMC requested 32.39 acres from NIT for land and apartments from PAPs
* NIT allocates land to government, pvt and trusts at nominal rate
* But allocate land to NMC at market value
* NIT decides to adjust the cost of the land in the remaining share of Rs 150cr
* Decisions despite the civic chief’s objections

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