Amaravati: The Andhra Pradesh Capital Region Development Authority (AP-CRDA) announced that it proposed to acquire land in grama kantam area for creation of infrastructure like roads in the capital city area under its Negotiated Settlement Policy (NSP). CRDA Commissioner Cherukuri Sreedhar said in a press release negotiations would be held with the land and house owners and their land taken in return for certain benefits envisaged under the NSP.
For a house or residential plot excluding common area in R-1 residential zone (grama kantam), the CRDA would pay double the structure value and allot a nearest standard plot in the rehabilitation colony equal to the plinth area of the house site or structure.
A land in non-agriculture or other zones used for barons and hayricks will fetch its owner double the structure value and land.
Existing structures like a shop, commercial or industrial structure excluding common area in commercial or industrial R-1 zone would be given double the structure value and nearest standard plot in rehab colony equal to the plinth area of such structure without any amalgamation of plots subject to the the FSI-in-zones rules.
For residential houses in the LPS area other than R-1 zone or island villages and whose owners live in the agricultural fields, the CRDA will pay double the structure value and allot residence – entitled standard plot of maximum 500 square yards in the rehab colony.