The landowners are likely to receive Rs 1 crore per acre as compensation. According to official sources, the basic value of agricultural lands in Nakkalapally and Gadipally is Rs 6 lakh per acre, and according to average registered sale statistics, the value is Rs 35 lakh per acre. With the addition of solatium and Additional Market Value (AMV), the total land value reaches Rs 80 lakh per acre.
Officials said, “During initial negotiations, villagers demanded Rs 4 crore per acre as compensation. However, after several discussions, villagers are now demanding Rs 1.5 crore per acre. We believe that they may agree to Rs 1.2 to Rs 1.3 crore per acre. Some villagers are also seeking land-to-land compensation, along with jobs and house plots.”
Officials also mentioned that Chief Minister A. Revanth Reddy and Roads and Buildings Minister Komatireddy Venkat Reddy have emphasized the need to begin construction at the earliest. The Minister is closely monitoring the progress of land acquisition and other related issues.
