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Land row: Mayawati announces new land acquisition policy

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Land row: Mayawati announces new land acquisition policy

Last updated: June 7 2011
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  • #11

    #11

    Re : Land row: Mayawati announces new land acquisition policy

    Hawa mein makaan

    Originally posted by Edge111 View Post
    I think its going to be the policy for the further acquisitions ...it will not affect the acquisitions already done
    Right now the issue is for people who have already bought and paid up the builders. Based on either land which is now disputed or denotified...

    The worst is the situation of YEA, where land not even been acquired has been sold to unsuspecting buyers......

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    • #12

      #12

      Re : Land row: Mayawati announces new land acquisition policy

      Originally posted by sanjeevchaudhri View Post
      You are right that it would be for further acquisitions.

      But my dear friend, High Court is slowly and steadily cancelling all the allotments done in NE.

      This means that these land parcels would now come again in the market and builders have to re-bid for them directly from the farmers at very high rate after accounting for 36% misc land use (16% to farmers and 20% for civic amenities) based on the new land acquisition policy announced today by BMW.
      I agree - now more n more farmers will go to court to get the de-notification and ask for more compensation - this will spread like a fire - I don't see any region safe now.

      Regards
      Sbajaj

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      • #13

        #13

        Re : Land row: Mayawati announces new land acquisition policy

        Originally posted by anubhaviit View Post
        and what will happen to the land under express way crisscrossing GN, IP, Noida, YEW. will those farmers get market value from builder. development ki lagegi sabse pehale,

        I think its a political move, 80% land is already garbed and 20% maybe sold at market price. some farmers may benefit (which i doubt still) as this policy is applicable for new acquisition.

        like in haryana, undeveloped land will be bought from farmers by builders at bheek+ prices, then area will be notified for residential development , then projects will be launched , high edc will be charged, then with the paltry sum, narrow one time roads and shabby street lights will be installed . then forget rest,
        Till now, there was no EDC (External Development Charge, usually charged by regional authorities for developing roads, sewer lines, electricity, water supply etc.) in Noida/GN/YEA.

        With this new land policy where builders would buy directly from farmers, EDC would soon start in NOIDA/GN/NE/YEA (same as in Gurgoan, Ghaziabad etc).

        Metro would be funded using this levy.

        In the near past, Ghaziabad Development Authority levied a special cess (close to Rs 1500 per sq meter) on builders in NH 24 in the name of bringing Metro to that place.

        Soon\, such levies/cess would be imposed by Noida/NE/GN/YEA authorities also in the name of development of the infrastructure in the city.

        Also, very soon, it is highly likely that property tax would be introduced.

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        • #14

          #14

          Re : Land row: Mayawati announces new land acquisition policy

          This will hike in ready to move apts

          will have an upward trend on ready to move in apts....

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          • #15

            #15

            Re : Land row: Mayawati announces new land acquisition policy

            Even news of becoming father does not cause as much anxity as is being caused by the daily developments regarding RE in noida region. Daily, there is some new development. High court denotifying certain acquisition, then launch of Metro, announcement by BMW. Hard to speculate if baby(flat) will be delivered or not.

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            • #16

              #16

              Re : Land row: Mayawati announces new land acquisition policy

              Originally posted by vsonia View Post
              will have an upward trend on ready to move in apts....

              Yes.

              Flat/land prices are high in Gurgoan as builders directly buy from farmers and Gurgoan Authority levies significant EDC changes.

              Same would now happen in Noida/GN/NE.

              Rush and buy ready to move-in properties but unfortunately these are in severe under supply in Noida.
              Last edited June 2 2011, 04:16 PM. Reason: ;

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              • #17

                #17

                Re : Land row: Mayawati announces new land acquisition policy

                Originally posted by sanjeevchaudhri View Post
                Yes.

                Flat/land prices are high in Gurgoan as builders directly buy from farmers and Gurgoan Authority levies significant EDC changes.

                Same would now happen in Noida/GN/NE.

                Rush and buy ready to move-in properties but unfortunately these are in severe under supply in Noida.

                but their is good supply in GHOST town Gr Noida ( Original one - from where G N thingi started all Greek letter sectors in Gr Noida , ALpha , Beta , Gama , Pi....

                THESE one have not seen appriciation due to NE ... where as rising high yet with Ghosts ...

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                • #18

                  #18

                  Re : Land row: Mayawati announces new land acquisition policy

                  LUCKNOW: Under pressure over farmers' agitation, the Mayawati government in Uttar Pradesh on Thursday announced a new land acquisition policy under which its role in acquiring land for private developers would only be that of a facilitator.

                  The chief minister, who held a farmers' panchayat earlier in the day to discuss their problems, announced that the new policy will be implemented with immediate effect.

                  Facing flak over acquiring land for private companies, the government has decided that from now on, the developers would be acquiring land directly from the farmers.

                  The chief minister also said that such acquisitions could only happen with the agreement of 70 per cent of the farmers in a given area. In case of disagreement, the project would be reviewed, she said.

                  Giving details of the new policy, she said that in the affected villages where land has been acquired, the developer would have to construct a kisan bhawan as well as a model school.

                  The chief minister clarified that areas where land has already been acquired and compensation distributed to farmers including Bhatta-Parsaul and Tappal will be out of the ambit of the policy.

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                  • #19

                    #19

                    Re : Land row: Mayawati announces new land acquisition policy

                    in that case if we talk about only Noida region, the risk factor is not that much high. The only risk will be protests by farmers as they need more compensation for their land. This will be the worst case.
                    I feel Noida is in much better position than NE or GNoida regarding land acquisitions.

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                    • #20

                      #20

                      Re : Land row: Mayawati announces new land acquisition policy

                      I am told by a broker in Noida that the farmers of village Sarai Sadar and Sadarpur are also preparing to file a writ in Allahabad High Court. These villages are in sector 45, 46 and 99. The broker has some of his family still living in these villages. Some of the farmers accepted the compensation from the authority 5-7 years ago. In some cases the farmer who took compensation has died and now his sons and family members are going to court.

                      Apparantly farmers have realized that filing the case in court is not a very expensive thing to do and odds are in their favour and also all or any money that they now get from government is a bonus.

                      So this circus is likely to continue for many more years to come.

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