Developers to claim losses from Greater Noida Authority
One day after the Allahabad High Court order of quashing the land in Patwari it was revealed that around 50,000 private housing units were proposed to be constructed in the Patwari area and according to developers, around 20,000 bookings have already been made by the buyers in the area. Developers have reiterated that the “fault” lies with GNIDA ” and that they will claim losses from the Authority.
Patwari is different from Sahberi, where farmers were yet to claim compensation . So we went ahead and carried out construction at a good pace. Now our investments worth crores have been jeopardized. The state must soon find a solution,” said Anil Sharma, chairperson and MD, Amrapali group.
The 11 developers in the Noida Extension affected by the Allahabad High Court have appealed to all buyers to “be patient” and have decided to meet the Greater Noida Authority chairman, Mohinder Singh.
“It is too early to come out and say what our next step will be, but we are discussing details of approaching the Supreme Court against the high court order. We will become a party to the case and approach the SC, along with all buyers and developers in the area, seeking relief,” said Getamber Anand, national vice-president of the Confederation of Real Estate Developers’ Association, speaking on behalf of all developers. “We hope that the SC will take a holistic view of the matter, considering the voice of each stakeholder and give us directions to amicably resolve the issue,” Anand added.
Another developer, Supertech , whose Eco Village-I project falls in Patwari village said it was waiting for the HC order before discussing the issue with the Authority. “The question of refund or relocation does not arise as yet and we need to wait. We will meet the Authority and decide if at all we have to seek legal redressal . We will protect our buyers’ interest and claim our losses from the Authority,” said R K Arora of Supertech.
Allahabad High Court, Allahabad high court order, Buyers, Confederation of Real Estate Developers' Association, Developers, Developers claim losses from the Authority, Developers to claim losses from Greater Noida Authority, GNIDA, Greater Noida Authority, Greter Noida, Land acquisition by Greater Noida Authority, Land acquisition in Patwari, Noida, Noida Extension, Patwari
wouldn’t have to worry for a permit to take long
not for me