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November 21st, 2007
Land acquisition kicks off Indian Nano City project
Finally air has begun to clear for the famed Nano City project of Hotmail man Sabeer Bhatia as his company begins land acquisition for the project. Though inquiries in Raipur Rani revealed that the prices offered to the farmers are way below market prices, the company officials assert that farmers are cooperating so far.
As of now, the company is offering anything between 16 and 20 lakh an acre though the farmers demanded Rs 35-40 lakh an acre. Notably, about 23 villages will fall under the purview of the proposed Nano City project that is to come up across 11,000 acres in Raipur Rani. The company plans to acquire about 5,000 acres in the first phase.
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