Alld. HC to hear plea of flat purchasers in Noida/G. Noida today

Published on by 7bighagroup

The Allahabad High Court on Tuesday will decide on the vexed issue of the Uttar Pradesh government's acquisition of farmers' land for realtors who have already booked residential houses in about a dozen villages in Noida and Greater Noida, which are a part of the state but have come to represent areas in the National Capital Region (NCR).

The court has already delivered its verdict on some lands in two villages falling under the Greater Noida region.

The high court's verdict on this issue will decide the fate of hundreds of buyers who have booked flats in the region, the realtors who are constructing them and the farmers who have lost their lands for these residential schemes. The court had earlier cancelled the acquisition of land in Patwari Tulsiani and Kheda Chaughan, giving the farmers a shot in the arm.

However, it is the buyers who are likely to be the worst sufferers in the entire controversy given that they are already facing losses with the delay in the implementation of the housing schemes. Secondly, they would also have to bear the brunt of an increased compensation to farmers after the court cases.

The issue relates to more than 3,000 hectares of land in 10 villages of Noida and Greater Noida and as many as nine major real estate developers. This is besides hundreds of others who have booked flats and houses as well as the farmers who lost their lands for others.

Published on Noida Real Estate News

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