Second EOI meet today on outer ring road land pooling - The New Indian Express

Second EOI meet today on outer ring road land pooling

Published: 31st August 2013 10:11 AM

Last Updated: 31st August 2013 10:11 AM

The Hyderabad Metropolitan Development Authority (HMDA) will conduct a second pre-expression of interest (EOI) meeting at its office at Tarnaka in Secunderabad on August 31 to explain the Land Pooling Scheme (LPS) guidelines and clarifications to participants.

Interested landowners can submit their willingness in the form of expression of interest to the metropolitan commissioner, HMDA in the prescribed format by September 16.

Details of the scheme are available at the HMDA website www.hmda.gov.in.

The LPS involves assembly of land parcels into developable land parcels, appropriate land required for public purposes, providing it with required infrastructure in a planned manner and return the reconstituted land to owners after deducting the cost of provision of the infrastructure and public places by the sale of some of the serviced land.

The land losers will get the reconstituted developed land with access in same proportion and thus turn into partners in development.

The scheme is broadly self-financing and can be implemented with willingness of the majority of land owners as detailed in the guidelines.

Also to promote efficient,sustainable and equitable development in urban areas, the LPS is a mechanism to pool the land and to pave way for planned development of ‘urbanisable’ areas as per the notified master plan.

The scheme gives an option to owners to participate and become partners in the development process by not depriving them of their lands and livelihoods.

In LPS  projects, land owners contribute a portion of their land for the benefit of the entire project like common roads and amenities area, and in return get greater utility and value for the remaining portion through better access, improved public facilities and infrastructure.

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