Guys, Good news for Noida Extension buyers - deal is likely to come through between Noida Extension farmers and Builders/GNIDA. Farmers who got their land back wants to sell their land though at higher price. They do not want to grow aloo-tamatar-pyaj as their land is left infertile by construction activities.

Farmers are asking for Rs 1 Crore per acre. They are getting Rs 26 lacs/acre currently- deal is likely to happen in 40-60 lacs range.

Its a win-win deal for Farmers/Buyers/Builders/GNIDA. Otherwise, everyone will be screwed beyond repair.

Check out this report

Greater Noida farmers want higher price for their land | ETNow.tv
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  • Excellent news..
    Keep fingers crossed...
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  • That would translate to around 80k-1.5lk per apartment (assuming 50% land is alloted for residential and rest for common amenities like roads, sewage etc). Who will bear these losses - authority or builders? In addition acquisition has to happen according to new policy which would mean more portion of developed land to farmers.
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  • Originally Posted by itismaddy
    That would translate to around 80k-1.5lk per apartment (assuming 50% land is alloted for residential and rest for common amenities like roads, sewage etc). Who will bear these losses - authority or builders? In addition acquisition has to happen according to new policy which would mean more portion of developed land to farmers.


    Frnd RE got very high margins of business... if this deal happens then also builders will make money. moreover.... new buyers will now buy at higher price..

    What I think is.. now these builders will increase prices in all projects..
    Expect Noida.. IP..CR prices to go more up..
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  • builders going to bear the costs but current buyers won't be paying anything extra. Futures buyers off-course have to pay higher price.
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  • I believe the extreme phase of Noida Extension area is over. now things would not get worse than this.
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  • where are the villagers who were claiming that they have got their mother back.now no problem in selling your mother for higher price.there is one very good word for such men in hindi,won't waste time in telling that word to you wise people.
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  • Originally Posted by cookie
    I believe the extreme phase of Noida Extension area is over. now things would not get worse than this.


    Actually its not a political battle but a legal one... With political battle one can rest assured that ek baar matlab nikal jaane ke baad sab partiyan kinare ho jaayengi (Bhatta-Parsaul) but with a legal battle you can never be sure
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  • "Baap Bada Na Bhaia Sabse Bada Rupaiyaa" :bab (6):
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  • I hope problem of NE will solved soon.

    When all farmers was agree to sell their lands at higher price then after HC verdict why authority / builders do not purchase the land from farmers directly at their quoted price and file the case in SC, which make the situations worst for authority , builders & buyers ????
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  • ARRE SAB THIK HO JAAYEGA.....
    Everyone wants to make money, be it farmers,Authority, politician, Builder or Investor....... None is clean.
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  • Land acquisition row: Nine villages ready to negotiate with Greather Noida Authority

    GREATER NOIDA: Even as more farmers are moving court for relief after the Supreme Court court quashed acquisition in Sahberi village, residents of nine villages on Sunday said they were ready to negotiate with the Greater Noida Authority on the issue.

    At a 'mahapanchayat' (grand assembly) held at Roza Yakoobpur village, the farmers claimed that builders were contacting them individually and offering different packages.

    "The panchayat has decided that we will not talk to the builders. We will negotiate only with the Authority," said Dushyant Nagar, a spokesperson for the farmers.

    On July 6, the Superme Court had quashed the acquisition of over 156 hectares of farm land by the Greater Noida Authority.

    Land acquisition row: Nine villages ready to negotiate with Greather Noida Authority - The Economic Times

    The court passed the order on a petition filed by the Authority and real estate developers and builders, including Supertech and Amrapali , challenging the Allahabad High Court order which had quashed the notifications for land acquisition in Greater Noida adjoining the national capital.

    Meanwhile, some farmers have moved Allahabad High Court seeking a CBI inquiry into allotments to builders.

    The writ petition, which was filed on Friday, will come up for hearing on July 19.

    "Only a CBI enquiry will bring out the truth behind the whole acuistion and allotments to private builders. It will expose Authority-builder nexus," said petitioner Inder Nagar.
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  • Divide and rule has worked wonders in India - but this time when ball is with the courts lets see what is the outcome.

    Still my money is not ready to walk through noida xxxx

    yaar 20 saal lagege bharne mai.

    Rohit
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  • Originally Posted by rohit_warren
    Divide and rule has worked wonders in India - but this time when ball is with the courts lets see what is the outcome.

    Still my money is not ready to walk through noida xxxx

    yaar 20 saal lagege bharne mai.

    Rohit

    deal will work out.

    PS: Bahut dino baad darshan diye aapne Noida forum pe. Koi naya investment to share :)
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  • I also pray that a outcome is reached since many buyers have put their lifetime savings in NE.

    But exploring the alternatives, if the HC continues with cancellations (as SC did in Shaberi) where malafide motive is established and ask builders to return money with Interest to buyers. But given builders float a special purpose vehicle, they will declare insolvency of SPV. My question is to lawyer friends in forum - Since malafide intention of Authority and Builders is established (as in SC for Shaberi case), can a buyer plead in court to attach personal assets of builder since the case becomes of fraud and in case of fraud the contract law allows personal assets to be attached to recover losses?
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  • Greater Noida flat owners urge HC to hear their views

    NEW DELHI: Fearing cancellation of land acquired by development authorities in other parts of Noida Extension as well, around one lakh flat owners on Sunday demanded they should be given an opportunity to be heard by the Allahabad High Court when it takes up various petitions filed by the farmers.

    Earlier this month, the Supreme Court had upheld the Allahabad High Court's decision to quash 156 hectares of land in Sahberi village in Noida Extension, a part of Greater Noida , acquired from farmers by the local development authority.

    Noida Extension Flat-Buyers Welfare Association , formed to protect the interest of those who have booked flats in entire Noida Extension, said after Supreme Court's order farmers from adjoining villages have also approached Allahabad High Court through writ petitions challenging the acquisition of their land as well.

    The association pointed out that the total number of flat-buyers affected in Shahberi was only 6500, but the people who have booked flats in post-Shahberi cases are about one lakh.

    "The land in other parts of Noida Extension was also acquired with the same procedure which was followed in Shahberi village.

    "It is feared that the Allahabad High Court may take the same grounds and quash the land acquisition in other parts of Noida Extension as well... bonafide flat-buyers will suffer huge and irreparable losses on account of any hard decision in post-Shahbari cases," the association said in a statement.

    Greater Noida flat owners urge HC to hear their views - The Economic Times
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