The CIDCO and the Maharashtra government have stepped up efforts to arrive at a consensus over compensation for PAPs, before a meeting called by the prime minister on November 13 to expedite the work. PAPs, who have dropped their earlier demand of Rs 20 crore per acre, are demanding allocation of 35% developed land against the offer of 22.5% made by the state government and CIDCO.
ALSO READ: No monetary compensation to Navi Mumbai airport affected
ALSO READ: PM to hold meeting on Navi Mumbai Airport on November 13
Early October, CIDCO, which is the nodal agency for the airport project, has launched social and commercial survey of Chinchpada village which is one of the 10 affected villages.
CIDCO’s Chairman Pramod Hindurao and Vice-Chairman and Managing Director Sanjay Bhatia welcomed the high court's order. Hindurao told Business Standard: ''An early settlement with PAPs is on the cards. I am optimistic that the ongoing talks between the CIDCO and PAPs will arrive at a unanimous view with regard to the allocation of developed land.''
Bhatia informed that the negotiations with the PAPs were underway.
RC Gharat, chief negotiator for the PAPs, said the talks are still inconclusive. He added the PAPs await further rounds of talks with CIDCO. ''So far there has not been any agreement about PAPs accepting the 22.5% developed land as offered by the state government and CIDCO,'' he noted.
Gharat explained that as per the government's 22.5% developed land formula, the PAPs will actually get 15.75% which is not acceptable. He demanded that the developed land should given on net basis and not on gross basis.
The project cost, which was estimated at Rs 4,766 crore in 1998 to handle 40 million passengers annually, has risen substantially to about Rs 14,573 crore as on date to handle 60 million passengers annually. The rise has been as high as 305.76%. Delay in acquisition has forced the CIDCO to defer the invitation of request for qualification.
Meanwhile, CIDCO has already announced to develop 'mangroves park' near the proposed airport. The high court granted its approval as CIDCO has already received clearances from the Ministry of Environment and Forests, and Wildlife Authority. Further, the CIDCO has been exempted from Coastal Regulation Zone (CRZ) regulations for development of the airport.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)