Industrial estate to come up on land of HMT, Pinjore

May 30, 2018 10:21 PM

Chandigarh, May 30, 2018: Haryana government has decided to transfer land measuring 446 acres out of total 846.43 acres of HMT Ltd., Pinjore (Tractor Division) back to the State government at the agreed rates and handed over to Haryana State Industrial Infrastructure Development Corporation (HSIIDC) for setting up of Industrial estate in view of its strategic location.

Decision taken in meeting of the state cabinet

A decision to this effect was taken in the meeting of State Cabinet which met under the Chairmanship of Chief Minister, Manohar Lal here on Wednesday.

The HSIIDC will be responsible for the management of this estate including up-gradation and maintenance of all services to the allottees of Industrial plots on this land. The State Government will also enter into an agreement with HMT Ltd. for out of court settlement with respect to the ongoing litigation in the court cases in the High Court on the above lines as per the decision taken in the meeting dated December 23,2017 in the office of Principal Secretary to Prime Minister of India at New Delhi. The Union Cabinet had approved the sale of land not currently in use at HMT Ltd. Pinjore unit to the Haryana government on mutually agreed terms and compensation in October 2016. 

Both the parties have expressed desire to settle the above dispute in the spirit of Record Of Discussion of the meeting held in the Prime Minister's Office on December 23,2017. In line with approval of Union Cabinet, HMT agrees to hand over physical possession of unused land of 446 acres to Haryana Government which is considered to be given by the State Government to HSIIDC. The HSIIDC will pay compensation to HMT at the prevailing circle rate for the utilizable land measuring 297 acres which averages to Rs 62.54 lakh per acre and at the rate of 60 per cent of the average rate for the remaining 149 acres of land.

The 33.33 acres of land of HMT required by the Indian Railways for its Chandigarh—Baddi Broad gauge railway line project is part of the above 446 acres of land and the transfer of the same to Railways is agreed to in-principle by both HMT and Haryana Government. The modalities of payment of compensation to HMT for the land required by Indian Railways will be mutually worked out amongst Indian Railways, HMT and the Haryana Government. HSIIDC will pay the compensation for the balance land of 412.67 acres to HMT.

The State government has agreed to correct the revenue records to reflect the title on the remaining 400.43 acres of land, in the name of HMT Limited. After correction of the title in the revenue records, the 400.43 acres of land will stand mutated in the name of HMT Limited with absolute ownership rights and the conditions of the gift deed dated August 23,1962 repugnant to the title of absolute ownership of HMT of the remaining land will stand rescinded or amended to that extent.

The pursuant to mutation of the 400.43 acres land in favour of HMT Limited, Haryana will facilitate release of the compensation for 4.98 acres of land acquired by Haryana Irrigation Department for the construction of Kaushalya Dam and 12.80 acres of land acquired by National Highway Authority of India for widening and converting NH-22 into four lane, which is lying with the District Revenue Department, upon which, the land records will be duly updated by removal of the total 17.78 acres, to reflect the exact extent of land owned by HMT. 

The HMT will withdraw unconditionally, all court cases pending in the courts regarding the above disputes and with the above settlement, the issues of resumption of unused land and correction of mutation in favour of HMT Limited stand settled.

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