#1
25th February 2016, 05:43 PM
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CIDCO Land Acquisition
Hello sir, I am Abhinav Karmarkar. I am from Mumbai. I want you to help me by providing me some information about the CIDCO 12.5% land acquisition scheme. Can you help me?
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#2
26th February 2016, 09:02 AM
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Re: CIDCO Land Acquisition
City and Industrial Development Corporation of Maharashtra (CIDCO) is a city planning organization created by the Government of Maharashtra. It was formed in the year 1970. It’s headquarter is located in Cidco Bhavan, CBD Belapur, Navi Mumbai, Maharashtra. As you have asked information about the CIDCO 12.5% land acquisition scheme, I am giving you some information about it In this scheme, the PAP is given back developed land which is 12.5% of the land acquired from him. Out of the 12.5% entitlement, 30% is reserved for social facilities and public utilities. Thus net allotment would be 8.75% of the land acquired from him. The plot allotted to the individual has 1.5 FSI and 15% commercial component permissible on the plot. The PAPs who benefited under the GES Scheme could apply for this scheme as well. The PAP can develop the plot himself or enter into an agreement with the developer for development. The 12.5% Scheme became fully functional in 1994. CIDCO has earmarked approximately 1064 ha. net land for the 12.5% scheme and has so far disbursed more than 750 ha. land. CIDCO 12.5% Land Acquisition Scheme For more, ypou can refer to the attached file |