From Times of India
Without a quick resolution, a huge project like this might get stuck as land rates will continually keep rising and the demand for a world-class airport will go up day-by-day as Coimbatore gets on the march to become a Smart City.
Private land owners own almost 461.90 acres of the 627.89 acres earmarked for expansion. 134.33 acres are owned by the defence department and the rest is poromboke land owned by the government. The collectorate began price fixation talks with land owners around November last year, however, they could not reach a conclusion.
"We are allowed to offer only 150% of the guideline value, but they are demanding five to six times that value," said a senior revenue officer. " So we have sent their demands, made in writing, to the commissioner of land administration in Chennai," he said.
Land owners on their part are growing restless. "We have given our objections to the price offered and demands," said a land owner from Singanallur, P R Jagannathan. "We want them to offer us the market value of the land," he said.
"However, whatever price they decide to offer us, let them accelerate the process. Because, land prices are going up every few months and if they give us the compensation four years later, it will be a pittance," he said.
Without a quick resolution, a huge project like this might get stuck as land rates will continually keep rising and the demand for a world-class airport will go up day-by-day as Coimbatore gets on the march to become a Smart City.