Revenue authorities have completed the land acquisition survey for the proposed Global Industrial Financial and Trade City (GIFT City) which is going to come up at Ayyampuzha in the district.
As KIIFB sanctioned Rs 850 crore for the land acquisition, the compensation distribution to the land owners would begin soon.
T Devarajan, special tahsildar appointed for the land acquisition of the project, said that the field survey was completed on Thursday and the documentation procedures regarding this would be completed within some days.
The deadline fixed by the government to complete the survey process is February 28, and the revenue department is hopeful that the procedures to issue the notification regarding the acquisition will be completed soon.
Earlier the authorities planned to complete the survey by January itself. But restrictions due to Covid spread delayed the survey process.
It was in October 2021 that the government issued gazette notification regarding the land acquisition of the project which is part of Kochi-Bengaluru Industrial Corridor.
The project is proposed to be implemented in 145 hectares of land that lies behind the region from Amalapuram to Uppukallu Junction, and comes under the 8th, 6th and 9th wards of Ayyampuzha panchayat, which is located near the forestland under Malayattoor forest division. A total 145.03 hectares of land is going to be acquired for the project.
Recently the social forestry wing of the forest department had completed the assessment of the trees which would be removed from the site.
Compensation would be provided to the affected families as per the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act 2013 and Kerala Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Rules 2015.
District collector Jafar Malik said in a Facebook post that the project will attract global firms in the business, banking market, insurance, accounting, auditing, IT/TES, entertainment and hospitality sectors.