Now, DLF offers displaced, land, job & training

After JSW Steel, DLF will hand out a dream compensation package to land-losers for the 4,800 acre Dankuni township in West Bengal, which will be bigger than Gurgaon.

The main components in the DLF package are : one job per family losing land, technical training and two cottahs of land per family or housing.

Surojit Basak, chief financial officer, DLF Home Developers said, according to the land survey, around 600 families would lose land.

Basak, however, said that the number could change.

The package is over and above what DLF is shelling out for the land. Basak said the company is buying the land at market rate, which is Rs 55 lakh per acre.

The company had last year won the bid to build the township by offering Rs 2,713 crore. Around three-fifth of the land would be used for residential use while the balance for commercial. The township will also house DLF's textile special economic zone (SEZ).

The total project cost is around Rs 33,000 crore.

Last week, JSW announced a compensation package for land-losers in its Bengal steel project, which entailed giving free shares to land-losers, which was the first time that a company had made such announcement in the country.

DLF's land-for-land scheme is the first time that a company would be coming up with in West Bengal to compensate land-losers.