GNIDA-farmers talks fail on compensation
Talks between farmers of Patwari village and the Greater Noida Industrial Development Authority has failed with the GNIDA refusing to accept their demand for a hike in compensation.
Talks between farmers of Patwari village and the Greater Noida Industrial Development Authority has failed with the GNIDA refusing to accept their demand for a hike in compensation.
As more farmers move the court against acquisition of their land in Noida, industry body ASSOCHAM has urged the Centre to take initiative and evolve a consensus among all stakeholders as the crisis gets politicised.
After the farmers, it seems the home buyers in Noida-Greater Noida are gearing up to take to streets.
An estimated 300,000 homebuyers and home owners could be affected if farmers in 24 villages along the Noida-Greater Noida Expressway succeed in their agitation for the return of their land taken over by the Noida Authority in 2003.
Even though storm is not over Noida Extension land acquisition, another scam in UP Expressway has surfaced that could be India’s biggest land controversy.
The Supreme Court judgment on Shahberi village in Noida Extension was the beginning of the end of the proposed township.
The Allahabad High Court judgment might have raised alarm bells among the developers of Noida Extension, but the moot point remains as to who is actually on the edge-developers or home buyers?
The real estate developers who have been affected by the Supreme Court verdict on Shahberi village demand Greater Noida Industrial Development Authority to compensate them.
Noida extension seems to be taking its toll. India’s largest home loan provider State Bank of India (SBI) said on Friday, July 8, it will not finance real estate projects which are mired in disputes over acquisition of land.
The Supreme Court today, July 6, upheld the Allahabad High Court order that had quashed the Greater Noida Authority’s acquisition of land in the Shahberi village.