The Mohali International Airport on Friday moved closer to realisation, as the Punjab government announced major compensation to the farmers, whose land would be acquired for the purpose.
The farmers would not only be paid a lump sum of Rs.1.5 crore per acre inclusive of 30% solatium, plus 10% no litigation benefit to the owners, but also a waiver of registration fee and stamp duty on the land that they buy in the state within two years. In addition they would also be entitled for the facility of a power connection for the tubewell on priority anywhere in Punjab where they choose to buy land.
Stating this here on Friday, media advisor to chief minister Harcharan Bains said a decision to this effect was taken in meeting of Punjab Cabinet, chaired by state chief minister Parkash Singh Badal.
Bains said the total land to be acquired was 306 acres and 18 marlas and the financial liability involved in the entire acquisition process was approximately Rs 460 crore. The full amount of the compensation would be paid to all the eligible owners whose land was being acquisitioned positively by 31st March 2008.