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Godrej Group has relocated Bombay High Court against the acquisition of its $ 5 billion principal property in the Vikhroli area in Mumbai for the ambitious high-speed train project between Mumbai and Ahmedabad, reports Business Standard. a change in project alignment so that he can get close to 3.5 acres or 8.6 acres of land belonging to his infrastructure arm Godrej Construction out of the project roadmap .
Moneycontrol could not independently verify the report.
Current alignment, of the 508.17 km of railway between Mumbai and Ahemdabad, about 21 km are planned to be underground.
According to the road map, one of the entrance points of the underground tunnel falls on the land owned by Godrej Construction, which is a strategic business unit of the company Godrej & Group; Boyce.
Read also – India should miss a key target for the Japanese bubble Train Project: Sources
More than 50% of the underground tunnel will pbad through the green belt, including Thane Creek, under the seabed, and swampy areas with mangroves.
Prices at Vikhroli are currently between Rs 55 crore and Rs 65 crore per acre.
"In the acquisition of agricultural land, the compensation goes up to five times the value of land.In land owned by enterprises, the compensation structures are different.We must study the area in which land falls, Godrej owns different types of land.We must study whether it is an area of no-development, salt-land or mangroves, "said Gulam Zia, director executive of real estate consultant Knight Frank
Read also – Here's what Metro Man E Sreedharan has In case Godrej does not accept the acquisition, the authorities will have to either change the alignment of the way, either forcibly acquire the land under the provisions of the Maharashtra Land Acquisition Act 2013.
The project was faced with the opposition of more than 7,000 farmers to through Maharashtra and Gujarat, because of the possibility that they lose their land for the successful commissioning of the high-speed train
Also read – Bullet train Extremely essential for the country: chief of the Railway Council
In several villages, the locals did not allow the teams to enter their lands for investigations. Gujarat Khedut Samaj also alleged that the guidelines established by the Japan International Cooperation Agency (JICA) for the acquisition of land are being flouted by officials engaged in the process.
19659002] Militants opposed to the process had written to JICA to inform it of how its guidelines would have been flouted in the procurement process.
The cornerstone of this project was laid by Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe. in September last year.
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