Welcoming the “balanced” decision of the Allahabad High Court to quash land acquisition in three villages in the Noida, Greater Noida and Noida Extension, CREDAI claims that home buyers will not be affected by the ruling.
When the land acquisition controversy in Noida Extension surfaced, there was a general feeling that proposed investment in the township will now move to Gurgaon.
Nearly one lakh homebuyers are on the edge, as the Allahabad High Court (HC) is to begin hearing of all land acquisition cases of Noida Extension on Wednesday, August 17.
A day after Greater Noida administration and farmers of Patwari village reached a consensus on the land acquisition issue, farmers from about 20 nearby villages on Sunday, August 7, termed the settlement a “conspiracy”.
About two lakh houses are likely to be constructed in the National Capital Region in the next 2-3 years, notwithstanding the recent land acquisition crisis in Greater Noida.
The Allahabad High Court on Tuesday, July 26, referred all the cases of land acquisition in Noida and Greater Noida (Gautam Budh Nagar) to a larger bench for its final decision.
The All India Kisan Mazdoor Sabha has demanded that the new law for Land Acquisition being proposed by the Union Rural Development minister should include a complete ban on forced eviction of farmers.
Sale of housing units have virtually come to a halt in Noida Extension following a Supreme Court order quashing land acquisition from farmers by the state authorities in some parts of the area.
Developers who have suffered by the Supreme Court judgment on the Noida Extension land acquisition have organised a press conference on Thursday, July 14, to share their side of the story.
Real estate company Amrapali, which has been worst affected by the Supreme Court judgment regarding land acquisition in Greater Noida, today said it is refunding the entire amount to home-buyers who have opted out from its township in the area.