Thimmapuram Village was in the year 1985, Section 4(1) Notification in respect of the land under acquisitionwasissued in the year 1999. Thus, there is time gap of more than 13 years as observed by the learned Reference Court. InOm Prakash case referred to supra, the Hon'ble Supreme Court was dealing with an appeal filed against the order of the High Court of Delhi. While working out fair market value of the subject matter lands in question on the basis of Rs. 16,750/per bigha as on 30.10.1963, the High Court keeping in view that in several judgments of the Apex Court escalation at different and varying rates i.e., 6% p.a from 1959to 1965, 10% p.a from 1966 to 1973 and @ 12% p.a. from 1975 onwards was considered to be reasonable, adopted escalation of market value @ 12% p.a and the same was upheld. In the present case, undisputedly there is increased potentialityof the land by virtue of Telugu Ganga Project. This Courtseeno illegality in the order of the Reference Court in followingthe said decision, in respect of the lands acquired in the year 1999. At any rate, the contention of the learned Government Pleader that the escalation @ 12% p.a. adopted by the Reference Court in respect of the subject matter lands
