MUDA to take up site development as a joint venture

Q: Hello, This is Krishna.. In recent news, there was something about the MUDA taking up land development as a joint venture with farmers, can I have some details on this?

Krishna gowda, Mysore

3rd March 2015

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Replies (10)

According to this law, the MoU for joint venture development will be entered into only with real landholders in whose name the record of rights, tenancy and crops (RTC) is registered and not general power of attorney (GPA) holders. The MoU clause will decide that ownership of 50 per cent of the land acquired will be with MUDA and the ownership of remaining sites will be with the party entering into the MoU with MUDA, or the farmer.

Swathi Dani, Mysore

12th March 2015

Comment

yea, the Mysore Urban Development Authority was low on funds, but from now on, with the implementation of this rule, MUDA will bear only the development charges that are relatively lesser than the previous cost. So it will be saving a lot of money.

Arun Rajan, Mysore

11th March 2015

Comment

Actually, the Mysuru Urban Development Authority is low on funds and is in a financial crunch, so previously, MUDA used to fork out land acquisition cost at the prevailing market rate apart from meeting the cost incurred to pay solatium and interest in case of a legal dispute resolved in court,

Hema Kumar, Mysore

10th March 2015

Comment

This will avoid another case like the R.T Nagar, as although it has beem announced almost 10 years ago and even though the layourt formation is complete, sites are yet to be distributed to eligible people due to a legal dispute.

Siddharth Roy, Mysore

9th March 2015

Comment

I agree with you, and not only that. in addition to saving on land acquisition, the time lost in battling compensation issues in court will be avoided. One of the reasons for delay in layout formation is the court disputes over compensation to farmers, and this partcular problem can be avoided when this rule is applied.

Deepesh Gowda, Mysore

8th March 2015

Comment

Hey this is a good decision on the part of the Government actually. This will benefit both tha parties, the farmers as wel as the MUDA. As farmers, who own land, will have ownership of 50 per cent of the sites which they can sell at the prevailing market rate.

Rama Gomes, Mysore

6th March 2015

Comment

Yes, this is infact beneficial for the Mysore Urban Development Authority as well as, it will not only save crores of rupees regularly spent on compensation for farmers, but it will also be saved the process of layout formation in every municipality.

Uma Maheshwari, Mysore

6th March 2015

Comment

Under this new rule, Balahalli Layout, which recently secured administrative nod from the government, will be the first layout to be formed under this 50:50 formula. The new layout to be spread over 484.24 acres entails creation of 6,155 sites for distribution.

Akshat Rai, Mysore

5th March 2015

Comment

Yes, The move follows a government directive issued on some days ago that farmers should be compensated by giving 50 per cent of the sites developed on their land. A farmer stands to gain nine sites for every acre under the new rule.

Karan Sharma, Mysore

4th March 2015

Comment

Heloo Krishna. Yeah. the Mysore Urban Development Authority (MUDA) will stop land acquisition for layout formation in future and take up site development as a joint venture with farmers from now on.

Geeta Rajan, Mysore

3rd March 2015

Comment