HYDERABAD: The State government has announced the plot allotment policy for the land owners of the capital region who have given their lands for the construction of Amaravati under the Land Pooling Scheme (LPS). As per the policy, the minimum standard plot size for residential returnable will be 120 sq. yards. The residential layouts will be prepared with standard plot sizes ranging from 120 sq.yards to 4,800 sq.yards in increments of 30 sq.yards. For returnable plots in the range higher than 4,800 sq.yards standard plots will be allotted in increments of 60 sq.yards from thereon, according to a GO issued here on Monday.
The minimum standard plot size for commercial returnable will be 30 sq.yards. Commercial layouts will be prepared with standard plot size from 30 sq.yards up to 4,800 sq.yards in multiples of 30 sq.yards and plots greater than 4,800 sq.yards will be in multiples of 60 sq.yards from thereon.
However, where the entitlement of residential and commercial returnable plots are less than the minimum plot size of 120 sq.yards for residential and 30 sq.yards for commercial an undivided share in plot sizes of 580 sq.yards or more or as per the configured plots in layout or TDR bonds will be given, the order stated.
As per the policy, the land owner as per their entitlement would be allowed to opt largest size plot or different standard sizes of residential or commercial plots and for the balance area he may opt for joint share in a standard plot with other land owners or undivided share in the earmarked plots by Capital Region Development Authority (CRDA) or bonds having transferable development rights.
In case the plot owner want to sell his undivided share, he could request the CRDA by giving a written consent of the undivided shareholders to conduct public auction by fixing upset price and the realised amount would be paid to the owners on pro rata basis duly accounting for taxes and charges.
There is also an option of having joint allotment of plots along with family members and friends.