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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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  • #31

    #31

    Re : Land row: Mayawati announces new land acquisition policy

    Seems that few posts were deleted by mod from this thread where all of us got some gyan about what IT and IT people are about

    Comment

    • #32

      #32

      Re : Land row: Mayawati announces new land acquisition policy

      New Land Acquisition Policy Will Make Homes Dearer In State

      Uttar Pradesh's new land acquisition policy will make homes dearer as this will push up the land acquisition costs for real estate developers. Besides the cost of land, farmers will get 16 per cent of the total land acquired after development.

      ``The cost of this will get loaded on the remaining area the developer sells,'' said R K Arora, CMD, Supertech Ltd, a Noida-based developer. If a developer buys 500 acres, he has to leave 50 per cent of the land for roads, sewerage and greens, while seven per cent is for resettlement and rehabilitation cost, and then return 16 per cent of the developed land.
      Developers feel the cost of all this will get loaded on the remaining saleable area, which will increase prices of finished homes. Arora is also worried that if developers buy land directly, infrastructure development could suffer like it did in Gurgaon.
      ``How will infrastructure development happen? If the developer buys 1,000 acres directly from farmers, there's no focus on infrastructure development like in Gurgaon. Who will develop the roads, the sewerage, and provide power,'' Arora wondered. A bigger challenge will be to get consent of 70 per cent farmers for land acquisition, says Getamber Anand, CMD, ATS Greens, a Noida-based developer. ``Getting 70 per cent consent will be a big challenge as few farmers can hold you to ransom,'' he said.
      Anand feels it will be better if an industrial authority or a government agency acquires land as per a master plan, and then auction the same to developers at market prices.

      Developers are still waiting for the fine print to understand the implications, but they feel that industrial authorities in Noida and Greater Noida will continue to acquire land and developers will not need to acquire land directly from farmers in these areas.
      UP's new land acquisition policy could also be the basis for settlement with farmers in several villages of Noida Extension, where the Allahabad High Court had cancelled land acquisitions. After a settlement with farmers, the Greater Noida Authority is likely to file a special leave petition in the Supreme Court to stay the HC judgement. Shakti Nath, chairman of Logix Group, welcomed the new land acquisition policy as it would facilitate land acquisition and address issues of delays associated with it.

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      • #33

        #33

        Re : Land row: Mayawati announces new land acquisition policy

        with this new land acquisition policy, is 7x and EW are safe or do we still need to worry?

        PS: I have already invested in 78 sector.

        Originally posted by sbajaj View Post
        Uttar Pradesh's new land acquisition policy will make homes dearer as this will push up the land acquisition costs for real estate developers. Besides the cost of land, farmers will get 16 per cent of the total land acquired after development.

        ``The cost of this will get loaded on the remaining area the developer sells,'' said R K Arora, CMD, Supertech Ltd, a Noida-based developer. If a developer buys 500 acres, he has to leave 50 per cent of the land for roads, sewerage and greens, while seven per cent is for resettlement and rehabilitation cost, and then return 16 per cent of the developed land.
        Developers feel the cost of all this will get loaded on the remaining saleable area, which will increase prices of finished homes. Arora is also worried that if developers buy land directly, infrastructure development could suffer like it did in Gurgaon.
        ``How will infrastructure development happen? If the developer buys 1,000 acres directly from farmers, there's no focus on infrastructure development like in Gurgaon. Who will develop the roads, the sewerage, and provide power,'' Arora wondered. A bigger challenge will be to get consent of 70 per cent farmers for land acquisition, says Getamber Anand, CMD, ATS Greens, a Noida-based developer. ``Getting 70 per cent consent will be a big challenge as few farmers can hold you to ransom,'' he said.
        Anand feels it will be better if an industrial authority or a government agency acquires land as per a master plan, and then auction the same to developers at market prices.

        Developers are still waiting for the fine print to understand the implications, but they feel that industrial authorities in Noida and Greater Noida will continue to acquire land and developers will not need to acquire land directly from farmers in these areas.
        UP's new land acquisition policy could also be the basis for settlement with farmers in several villages of Noida Extension, where the Allahabad High Court had cancelled land acquisitions. After a settlement with farmers, the Greater Noida Authority is likely to file a special leave petition in the Supreme Court to stay the HC judgement. Shakti Nath, chairman of Logix Group, welcomed the new land acquisition policy as it would facilitate land acquisition and address issues of delays associated with it.

        Comment

        • #34

          #34

          Re : Land row: Mayawati announces new land acquisition policy

          Originally posted by kocharr View Post
          with this new land acquisition policy, is 7x and EW are safe or do we still need to worry?

          PS: I have already invested in 78 sector.
          Kocharr ji, Bajaj ji and others,
          pl join us for filing RTI. there is another thread for it. we need to seek these answers for our investment.
          MM

          Comment

          • #35

            #35

            Re : Land row: Mayawati announces new land acquisition policy

            Originally posted by noidaa View Post
            Seems that few posts were deleted by mod from this thread where all of us got some gyan about what IT and IT people are about
            Mazee lene waalon ki aur aaag lagaane waloon ki bhi kamii nahi hain...

            Comment

            • #36

              #36

              Re : Land row: Mayawati announces new land acquisition policy

              Originally posted by rajatk View Post
              Mazee lene waalon ki aur aaag lagaane waloon ki bhi kamii nahi hain...
              This is how I look into this issue.

              Is there any problem in NE? ..... absolutely, no doubt about that.

              How big is the problem? .... no one knows, atleast no experts here

              Is my project safe? ..... NO, wait until you get delivery of your project. Any area, any project can be included in litigation, just keep your finger crossed.

              How long will it take to resolve? ... no one knows but most likely will be dragged until the election and probably after the election too if there is no clear mandate.

              Will there be a solution? .... Oh YES, all the issues originated due to MONEY... and a HUGE MONEY at stake. No big shot is going to loose money in their business.

              Then why there are so many panic news in this forum?

              There are three types of people creating this unnecessary panics

              a. The JOKER type, who want to just have FUN
              b. The FRUSTRATED type, who failed to buy earlier
              c. The Cleaver INVESTOR type, who want to make a killing in distress


              What a normal end user should do? look at here http://www.indianrealestateforum.com...tml#post196298


              PS: Please add the usual movie statement like "All the characters of this ..... any living or dead character or places ... any similarities to any living or dead character or places is purely coincidental"

              Comment

              • #37

                #37

                Re : Land row: Mayawati announces new land acquisition policy

                Originally posted by rajatk View Post
                Mazee lene waalon ki aur aaag lagaane waloon ki bhi kamii nahi hain...
                Sahi kaya..ye vahi log honge jo soch soch kar khush ho rahe honge ke dusre ka paisa phas gaya...vese bhi India me log apne thali se jayda dusre ke thali me dekhte hai..

                Comment

                • #38

                  #38

                  Re : Land row: Mayawati announces new land acquisition policy

                  noida extension shant ho jaye bahut log maze le rahe hai. bhai har koi big shot nahi hota 20-25 lakh arrange karne me halat kharab ho jati hai phir agar koi home sweet home ka sapna dekh kar paisa dalta hai to uska paisa nahi phase. god bless all.

                  Comment

                  • #39

                    #39

                    Re : Land row: Mayawati announces new land acquisition policy

                    Originally posted by ondabhai View Post
                    There are three types of people creating this unnecessary panics

                    a. The JOKER type, who want to just have FUN
                    b. The FRUSTRATED type, who failed to buy earlier
                    c. The Cleaver INVESTOR type, who want to make a killing in distress

                    Nice analysis..
                    MM

                    Comment

                    • #40

                      #40

                      Re : Land row: Mayawati announces new land acquisition policy

                      Originally posted by noidaa View Post
                      Seems that few posts were deleted by mod from this thread where all of us got some gyan about what IT and IT people are about
                      rohit_warren is now SUSPENDED.

                      So no more gyan on unauthorised colonies and evil IT people for next few days.

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