Amid slowdown, it’s raining money in this tiny hamlet, about 17 km from auto-town Sanand. A village with a population of 6,000, Khoraj will be richer by Rs.1,200 crore this week.
The Gujarat Industrial Development Corporation (GIDC) has acquired 1,355 hectares of land from about 450 families in this village — out of the total 1,500 hectares it bought to expand its industrial estate near Sanand. GIDC has paid market price of around Rs 1,100 a sq m.
Hundreds of families in Khoraj are expecting a windfall in lieu of their lands acquired for the expansion. Officer on special duty (OSD) of GIDC Ghanshyam Chavda said Rs 1,200 crore will be distributed to farmers in Khoraj, which has emerged the single largest beneficiary.
“Cheques worth Rs 200 crore were distributed about a fortnight ago while the rest will be given away in phases starting this week,” said Chavda.
While the farmers know well that the windfall earned needs to be invested for future financial security, they are also looking at splurging some of the money they received.
Village sarpanch Vilasben Jadav says most farmers have willingly sold land because of the good returns.
The Gujarat Industrial Development Corporation (GIDC) has acquired 1,355 hectares of land from about 450 families in this village — out of the total 1,500 hectares it bought to expand its industrial estate near Sanand. GIDC has paid market price of around Rs 1,100 a sq m.
Hundreds of families in Khoraj are expecting a windfall in lieu of their lands acquired for the expansion. Officer on special duty (OSD) of GIDC Ghanshyam Chavda said Rs 1,200 crore will be distributed to farmers in Khoraj, which has emerged the single largest beneficiary.
“Cheques worth Rs 200 crore were distributed about a fortnight ago while the rest will be given away in phases starting this week,” said Chavda.
While the farmers know well that the windfall earned needs to be invested for future financial security, they are also looking at splurging some of the money they received.
Village sarpanch Vilasben Jadav says most farmers have willingly sold land because of the good returns.
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