The recent auction of HMDA in developing plots under the Land Pooling Scheme (LPS) has fetched good expression of interest from farmers and landowners to be part of it.
HMDA Approved Developing Lands Under LPS
To develop plots under the Land Pooling Scheme (LPS), the Hyderabad Metropolitan Development Authority (HMDA) has stepped up its efforts. A notice has been given to the Area Development Plan-cum-Land Pooling Scheme (LPS) which includes 76 acres in the village of Inmul Narva, Kothur mandal, and the village of Veljerla, Farooqnagar mandal in Ranga Reddy district.
Owners of land in survey numbers of 287, 293, 295, 296, 307, 309 and 325 from Inmul Narva and survey number 82 in Farooqnagar mandal and Veljerla have already demonstrated interest and agreed to the proposed LPS scheme.
In the above-mentioned survey numbers, the HMDA released a notice seeking complaints or suggestions from people or agencies with disputes about the title of lands which would meet the authority within 30 days. HMDA will enter into a settlement agreement with the property owners if there are no complaints or claims.
It is HMDA's second notification as it released an LPS notice in three villages of Lemuru, Bogaram and Malkapur, last week for approximately 700 acres. Recently the state government revised the developable area share to 60:40 ratio from 50:50 ratio between the landowner and developer.
HMDA, backed by orders, is speeding up land development initiatives under LPS. Approximately 40% of the land will be reserved for nalas and other essential services. Later, the developed land will be shared by HMDA and landowner in the 60:40 ratio.
With the development of lands under the Land Pooling Scheme, the projects in Hyderabad would be constructed according to the rules which would boost real estate.
By: Shailaja K