Compensation for Chandni chowk flyover set to start
Mar 30, 2018, 11:02 IST
PUNE: The first phase of property acquisition for the Chandni Chowk flyover is likely to start this week. The 56 flat-owners to be affected by the project will get Rs 54.82 crore as cash compensation
The standing committee of the Pune Municipal Corporation (PMC) has approved a proposal to pay the compensation. “We have to give the compensation in cash to many of these affected people. Now the approval has come and the disbursement of funds will start this week,” said Anil Mule, the head of PMC’s land and estate department.
He said PMC may use RTGS technology for compensation payment to speed up the process. Once the process of funds transfer to the beneficiaries is complete, PMC will take possession of properties.
Chandni Chowk is a major entry point on NH-4 from the western part of the city and as many as 1.6 lakh vehicles pass through this junction each day. In August 2017, Nitin Gadkari, the Union minister for road transport and highways, had launched the project with much fanfare, claiming it would resolve the traffic problem in the area. Over Rs 400 crore will be spent on the project to be carried out by the National Highways Authority of India in association with the PMC.
Funds are being diverted from other projects to pay compensation to the project-hit people. An estimate has been made, and each owner will get double the cost of property. “The decision about other project-affected people will be taken as and when the proposals for their compensation come to us,” said Yogesh Mulik, chairman of the standing committee. He said around Rs 21 crore will be given for other property owners. Some owners want transfer of development rights and floor space index as compensation and the process to allot these is under way.
Source : The Times Of India
