Shahberi village noida
The Allahabad High Court quashed acquisition of nearly 600 hectares of land in two villages in Greater Noida for residential purposes. The land was acquired by the state government through notifications in March 2008 and May 2008 for building residential complexes in Greater Noida area neighbouring Delhi. The order came barely a fortnight after the [...] Continue Reading »
Supreme Court on Wednesday upheld an Allahabad High Court judgment cancelling land allotment in Shahberi village. Nearly 6,500 apartment and villa owners in seven residential projects in Noida Extension are nervous after the judgement. The verdict is, however, expected to delay projects in the area. Around 5,500 units in Shahberi have already been sold and [...] Continue Reading »
According to a market researcher, a total of Rs 3,000 crore has been put at stake which comprises about Rs 900-1,000 crore of individual investors and rest between developers and financial institutions. The worst affected among the four namely — the builders, banks, investors and farmers — are middle class investors. In the eye of [...] Continue Reading »
