GCDA to acquire land for Tripunithura bus terminal using land pooling model
Kochi:
Greater Cochin Development Authority
(GCDA) is planning to acquire 10 acres for the proposed bus terminal project near Tripunithura Metro station. The project will be piloted using a
land pooling model
.
Earlier, GCDA planned to implement Phase III development of Infopark as a pilot project in the land pooling model. However, technical hurdles delayed the process. The authority now plans to experiment with land pooling through the bus terminal project.
Previously, Tripunithura municipality approached state govt seeking permission to appoint GCDA for the preparation of detailed project report (DPR). However, the decision was delayed for a year. Now, state govt sought the opinion of GCDA, and GCDA sent a letter to govt expressing interest in taking up the project.
"In the preliminary examination, around 10 acres of land is available in the area. We will acquire it using land pooling model," said a GCDA source.
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The bus terminal project is one of the major segments of comprehensive transport integration plan recommended by the draft comprehensive mobility plan (CMP) of Kochi. As GCDA is planning to implement the project through land pooling, it is expected that hurdles for
land acquisition
will be removed.
In land pooling, landowners can hand over their land parcels collectively for public projects or infrastructure development. After rearrangement of plots and development of infrastructure, remaining land will be handed over to original owners. Although the owner will get back only 60% of the original land, value of the land will be three to four times more than the original value.
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