Noida Extension
Builders in Noida Extension have assured existing buyers that they do not have to incur any additional expenditure due to the ongoing land row. The builders say that new home buyers may have to shell out more than the current prices to cover the losses incurred by them if additional compensation is paid to villagers. [...] Continue Reading »
After the Allahabad High Court order on Noida extension and gave an option of out of court settlement to farmers, the Greater Noida Authority has started speaking with farmers in the area. Farmers from various villages met on Wednesday to discuss the issue. Most farmers in the area want an additional compensation of Rs 700-850 [...] Continue Reading »
Noida Extension Flat Buyers Welfare Association (NEFBWA) invited customers of the entire Noida and Greater Noida to join its protest. Nearly 30,000 affected flat owners and other affected parties like builders, brokers, bankers, architects, contractors, suppliers of construction materials and employees in these segments have shown willingness to join NEFBWA. In two separate orders, the [...] Continue Reading »
Land acquisition in Sahberi and Patwari, where over 30,000 apartments and plots were sold, has been declared illegal by courts. The Allahahad High Court is due to hear cases regarding more villages this week, but the fate of nearly 70,000 apartments in Noida Extension is uncertain. Demands for higher compensation have spread to neighbouring areas [...] Continue Reading »
The authority and other departments like Fire department confirmed that no Noida Extension builder had sought NOC from it till date. “Though some builders had visited the department about their Noida Extension projects, till date nobody has submitted papers for NOC,” said chief fire officer Mahavir Singh. Builders, however, claimed that they started construction after [...] Continue Reading »
26,000 homebuyers had been homeless and their dreams have been shattered in less than a fortnight time under the twin blows order by Allahabad High Court of Sahberi and Patwari verdicts, but seems the realisation that it is more important to buyers to ensure the survival of Noida Extension first for safeguarding individual investments is [...] Continue Reading »
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” [...] Continue Reading »
When Supreme Court upheld an Allahabad high court order cancelling the land acquisition in Sahberi village, the builders had offered to relocate the initial 6000 homebuyers out of 26000. But still buyers have little prospect of relocating to another apartment in the same area and on top of that they will also have to keep [...] Continue Reading »
The Patwari farmers got what they wanted. It was their 600 hectares of land which was acquired by the builders and was given back as per the Allahabad High Court order to Greater Noida Authority and developers. For about 600 hectares in Patwari, the total compensation paid to farmers was over 450 crore. Yet they [...] Continue Reading »
Describing the Allahabad high court order as a “big blow” to them, Builders and developers will press for a judicial review to protect the interest of 30,000 home buyers. Unlike Sahberi where only minimal work had been done, major construction work is already underway in Patwari. The Allahabad high court order denotifying 589 hectares in [...] Continue Reading »
