The prime land in Alkapuri is part of the Faramji Compound
VADODARA: The Vadodara Municipal Corporation (VMC) will have to cough up over Rs 200 crore if it wants to take over a prime land earmarked for public use. A proposal regarding this has sparked a debate in the civic body.
The prime plot of land in Alkapuri behind the station is a part of the Faramji Compound. It was earmarked for the civic body to develop public utilities and parking. The civic body will, however, have to acquire this land from a private realty firm.
The realty firm had approached the Gujarat high court that has asked VMC to decide on acquisition of the land. If the VMC decides to acquire the plot, it will have to pay around Rs 215 crore to the realtor Vastu Shilp Infrastructure Pvt Ltd (VSIPL).