The Haryana State Infrastructure and Industrial Development Corporation (HSIIDC) on Wednesday released the details the calculated amount for the 350.72 acre of land that was transferred to real estate developer DLF. This comes after a Comptroller and Auditor General report lambasting the Haryana government over the land deals.
According to the official communication released by HSIIDC, the realisable amount by the developer calculated by the HSIIDC to the developer stands at Rs 2,572 crore as against Rs 2,142 crore calculated by the audit.
The HSIIDC spokesperson said the audit used the same multiplication factor for forest land and plantation as applied to the residential and commercial land which is 2.79 times of the collectors rate.
The valuation, according to HSIIDC was not based on rational principals as the forest and plantaion area does not fall under the revenue generation activity.
Till the filing of the report, the officials from CAG (Haryana) were not available for comments.
