INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) has allocated land to six owners under the land pooling scheme, part of the development of the Sector 7 industrial belt in Pithampur.
The allocation process involved 47 commercial plots valued at ₹47 crore, following an invitation for applications from landowners. Two owners opted for alternative locations, which will be allotted later, while seven others who could not attend will be included in a lottery supervised by officials.
Himanshu Prajapati, executive director of MPIDC Indore, stated, “Any remaining compensation will be promptly settled with the allocation of residential plots via a lottery system after the current round of commercial plot allotments. This process was expedited to ensure landowners receive their plots as soon as possible, allowing for timely decisions on future developments.”
The allocations are part of a broader development initiative for Sector 7, which MPIDC is advancing at a cost of ₹452 crore under sanctioned development regulations. The land for this township was assembled through mutual agreements with landowners using the land pooling model.
Under this framework, 20 percent of compensation is paid in cash, while the remaining 80 percent is returned as developed commercial and residential plots, based on landowners’ needs. Officials emphasize that this model seeks to provide equitable compensation while facilitating planned industrial and urban development.
To date, 3,735 plots have been allotted to landowners under this project, with a total valuation of approximately ₹454 crore, according to MPIDC.
