Land Owners Moot New Proposal - The New Indian Express

Land Owners Moot New Proposal

Published: 01st February 2014 10:11 AM

Last Updated: 01st February 2014 10:11 AM

Land owners at Mulavukad Island have come up with a proposal  expressing willingness to share with the Cochin Port Trust (CPT) or the Goshree Island Development Authority (GIDA) 20 per cent of the land price if any of these organisations were willing to join them for developing the over 200 acres of land at Mulavukad which has been lying idle for last 25 years.

The office-bearers of Mulavukad Land Owners’ Association said that if GIDA or CPT helped them develop the land, it could be utilised for development projects.

“If various pieces of land under the ownership different owners are  developed and joined together, it would be a great resource. I would be benefiting for small islands under GIDA.  A  rough assessment by the association indicated that the developing of the land could be completed at a cost of Rs 70-80 crore,” said Noushad Valiyavettil, chief coordinator, Land Owners’ Association.

“We understand that the Cochin Port Trust is reeling under acute financial constraints. The amount we offer as the share of land price comes around

Rs 500 crore. This amount will be a great relief for the CPT. Once developed, there will be takers the land. The  price quoted for developed land could shared 80:20  basis.  We are ready to give it to Port Trust without any conditions. Since there would be enough area, even a small township could be developed in the area, that too by following all conditions under the Coastal Regulation Zone (CRZ) notification. The Port Trust may consider  our proposal as as PPP project beneficial for both parties,” he said.

The association leaders have urged Chief Minister Oommen Chandy to convene a meeting of representatives of Ruling and Opposition fronts, Cochin Port Trust and local bodies.    

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