Mysore/Mysuru: In a major step towards ending disputes and delays regarding payment of compensation for lands acquired for formation of residential layouts, Mysuru Urban Development Authority (MUDA) has decided to pay compensation along with interest in full in a single instalment.
Announcing this at a press meet here yesterday, MUDA Chairman H.V. Rajeev said that MUDA Council Meeting held on Monday also decided to pay compensation along with interest in one instalment even in cases where the Courts have ordered more compensation. Maintaining that this move will help MUDA to save money on Interest to be paid to land-loser farmers, Rajeev said the money thus saved can be used for other purposes.
