There is a proposal to acquire 153 hectares of land on 136 satbaras of Reel village in Ratnagiri taluka and 60 hectares of land on 49 satbaras of Undi village for setting up an industrial zone. For this, a compensation equal to the government land rate will be given. At present, the price of arable land in this area is 6 thousand to 13 thousand rupees per bushel. The total 213 hectares of land in Reel, Undi village of Ratnagiri taluk will be acquired. All these land owners will get compensation equal to 4 times of the government value. The Sub Divisional Officer of Ratnagiri has forwarded the proposal to the Deputy Superintendent of Land Records, Ratnagiri Taluka for surveying all the lands in the proposed area. The compensation will be calculated after the land survey. At present, the rate of arable land in Reel, Undi area has been fixed at 6 thousand to 13 thousand rupees per bunch. 12.00 for village income Rs. The rate has been fixed per hectare meter. 26 thousand 600 is the highest for coconut, betel nut and palm orchards. Per group rate is mentioned. 13 thousand 943 for mango, cashew, banana. This price has been fixed in the government rate. While determining the price of land acquisition, the prevailing market price along with the government tariff is considered. Revenue officials can estimate the market price and fix standard prices by making some revisions in the government mark-up. This is likely to yield more value as compensation .www.konkantoday.com