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- No clarity on land, realtor stops payment
The ongoing land acquisition row has cast a cloud over the proposed Yamuna City — touted as one of the biggest townships (4,500 acres) in the country being developed off the Noida-Agra Yamuna Expressway. The builder was expected to develop plots and group housing apartments, besides institutional and commercial complexes in sectors 1, 2, 16, 17 and 17B. Approximately 20 lakh people were expected to get houses in this scheme.
Wave Infratech, which was given the contract, has stopped installments to the Yamuna Expressway Authority.
It has come to the light that the authority has offered 4,500 acres to the builder despite the fact that it has not acquired bulk of the land. The builder has stopped installments, seeking to know from the authority when the entire land will be transferred.
The authority has hinted land acquisition will not be easy.
“Acquisition of land for the proposed township seems to be a difficult task. We're forwarding the matter to the state government to know the future course of action,” said Yamuna Expressway chief executive officer (CEO) Captain SK Dwivedi.
Three companies — Gaur Sons, 3C and Wave Infratech — had participated in the bids and Wave was awarded the contract with the reserve price standing at R7,000 crore. This was the biggest land deal signed here after the Noida City Centre project, which was inked with the same firm for Rs 6,700 crore.
The authority was supposed to carry out only external development and build an outer road linking the proposed township.
No clarity on land, realtor stops payment - Hindustan TimesCommentQuote0Flag
- अथॉरिटी के हजारों प्रीमियम प्लॉट भी फंसे
अथॉरिटी के सेक्टर २ में स्थित प्रीमियम प्लॉट भी नोएडा एक्सटेंशन के विवाद की जद में आ गए हैं। पतवाड़ी गांव के किसानों से हुए आवंटन को रद करने के साथ ही दो साल पहले अथॉरिटी की तरफ से ड्रा में निकले प्लॉट का जश्न मना चुके लोग अब मायूस हो गए हैं। इनमें कई तो ऐसे हैं जोकि २० हजार रुपये वर्ग मीटर तक का प्रीमियम उठाकर प्लॉट शपथ पत्र के आधार पर ही बेच चुके हैं।
पतवाड़ी पर हाईकोर्ट के फैसले से सेक्टर २ में अथॉरिटी के बेचे गए करीब २५०० प्लॉट भी इसकी जद में आए हैं। इसके साथ ही स्कूल, अस्पताल, सड़क का आवंटन भी रद हुआ है। बताया जाता है कि २००९ में निकली गई स्कीम में करीब २५०० प्लॉट पर कई गुना अधिक आवेदन आए। ड्रा में जिसका प्लॉट निकला वह खुशी से उछल पड़ा। डीलरों ने २० हजार रुपये प्रति वर्ग गज तक प्रीमियम दिया। यह प्लॉट बिके भी शपथ पत्र के आधार पर। कई लोगों ने निवेश के इरादे से प्लॉट भरा था, सो उन्होंने बेच भी दिया। अब जबकि पथवाड़ी फैसले से यह योजना फंस गई है तो अब प्रीमियम पर प्लॉट खरीद चुके लोगों को यह समझ में नहीं आ रहा है कि वह प्रीमियम पर खरीदे गए प्लॉट का पैसा मूल आवंटी से ले भी पाएंगे या नहीं। इस फैसले की जद में यहां पर स्कूल, अस्पताल व सड़क भी आए हैं, जिसका ब्योरा अभी अथॉरिटी ने उपलब्ध नहीं कराया है।
ग्रेटर नोएडा प्राधिकरण के सीईओ रमा रमन ने कहा कि प्राधिकरण क्षेत्र में बिल्डर, निवेशक और आवंटियों के साथ किसी भी तरह का धोखा नहीं होने दिया जाएगा। प्राधिकरण के पास एक विकल्प खुला हुआ है कि वह किसान से सीधे समझौता के आधार पर जमीन ले। इसके लिए हर स्तर पर किसानों से बात होगी और उनकी हर मांग भी पूरी की जाएगी।
मंगलवार को पतवाड़ी के मामले में हाईकोर्ट के फैसले के बाद प्राधिकरण सीईओ रमा रमन ने कहा कि अभी कोर्ट का फैसला उनके पास नहीं आया है। जो भी फैसला होगा, उसका पूरी तरह से पालन किया जाएगा। उन्होंने कहा कि पतवाड़ी बड़ा गांव है और करीब ८५ फीसदी लोग मुआवजा भी उठा चुके हैं। कोर्ट के फैसले के मुताबिक किसानों को मुआवजा वापस देना होगा और इसके बाद किसानों को जमीन वापस कर दी जाएगी। उन्होंने यह भी बताया कि किसान जमीन देने को तैयार हैं। ऐसी स्थिति में प्राधिकरण किसानों से बात करेगा और समझौता के आधार पर जमीन ली जाएगी। इसके अलावा दूसरा विकल्प यह भी है कि जमीन अधिग्रहण की नई नीति के तहत भी किसानों से बात की जाएगी।
उन्होंने निवेशकों से अपील की है कि प्राधिकरण उनके साथ है। बिल्डरों को जमीन दी जाएगी, भले ही कुछ वक्त लग जाए। निवेशकों को पहले भी कह चुके हैं कि उनके साथ धोखा कतई नहीं होने दिया जाएगा। इसके अलावा सेक्टर-२,३ में प्राधिकरण ने प्लाटों को भी आवंटित किया है। उनको जरूर प्लाट मिलेंगे। इसके लिए नए सिरे से जमीन किसानों से ली जाएगी। सीईओ ने किसानों से भी अपील की है कि ग्रेटर नोएडा शहर में उनकी काफी बड़ी सहभागिता है। यदि क्षेत्र का विकास नहीं होगा, तो किसानों को भी उतना लाभ नहीं मिल सकेगा। शहर को खूबसूरत और योजनावद्ध तरीके से बसाने की जिम्मेदारी जितनी प्राधिकरण की है, उतनी ही किसानों की है। यदि किसान जमीन ही न देते तो मौजूदा आलीशान शहर कैसे बस पाता। इसलिए धैर्य रखें और कोई न कोई रास्ता जरूर निकाल लिया जाएगा।
- Panic gave way to complete despair among home-buyers in Noida Extension on Tuesday,as another court verdict ordered restoration of acquired land to farmers the second such judgment in less than two weeks putting in jeopardy the investments of around 30,000 buyers so far.
The Allahabad High Court quashed the states notifications acquiring 589 hectares of farmland in Patwari village in Greater Noida.The land was later sold to builders through auction and 11 housing projects were coming up there.
Tuesdays verdict,involving the largest chunk under litigation in the area,will affect around 20,000 buyers of flats and villas as well as 4,250 people who were allotted plots of sizes between 120 and 220 sq metres through lottery by the Greater Noida authority in 2009 and 2010.The land in question will now have to be returned by the builders to the authority which will then hand it back to the original owners.The high court has so far reversed the acquisition of around 70% of land in Noida Extension
With three more farmers suits coming up in the next seven days,all land in the area seems set to be returned to farmers.These lands too were acquired by the authority by invoking the urgency clause without giving them the opportunity to raise objections.The Greater Noida authority is considering approaching the Supreme Court
IN LIMBO: Angry home-buyers at a press meet held by the builders on Tuesday
- Hope fades,homeless count losses
With Builders Evasive On Refund And Banks Throwing The Rule Book At Them,Buyers Are Caught In A Catch 22 Situation
Greater Noida: With more farmers' petitions lined up for hearing before Allahabad High Court on Wednesday and Thursday,homebuyers can only wait and watch.
"I booked a two-bedroom flat and have taken almost 80% loan for payment of the house till now.I do not know what will happen finally but I have little choice right now other than to wait till July 21 when the petition filed by Itehda village will be heard,"complained Ajay Sethi,who has invested in a flat in the Panchsheel-I project that falls partly in Sahberi and partly in Itehda.
While builders are yet to give a firm commitment on how they plan to deal with the problem whose magnitude is increasing every day,bankers say they have little choice but to keep presenting post-dated cheques for collection of EMIs.
Buyers have to cough up the instalments or get branded as a defaulter,which will cut off access to bank funds."Even if the flat is not delivered,buyers have a personal liability.So,they have to pay or else banks will take legal action,"said the chairman of one of the largest banks in the country.He as well as his colleague at the head of another Mumbai-based bank said the lenders would try to resolve the issue.
The buyers,however,are a completely disillusioned lot."I have invested almost 45% of the cost of the flat and I was expecting to shift into it soon.I never bargained for this land row and that too for no fault of mine.If I cancel my booking for my flat,I will lose out on not only my money but also precious time as I will have to restart the process of having to locate another affordable home,"said Kaushik Das,who feels he has little choice but to stick with the builder for now.
Many buyers,however,want to cut their losses now.They say it is time to quit as they see no light at the end of the tunnel."Things are not looking good after the Patwari denotification.Till now we were hoping things would work out but obviously it is time to quit as there is no hope now,"said Ravikant Pandey,whose dream home was shaping up in Mahagun MyWoods."I just want my money back now.I will never think of investing in Noida or Greater Noida again.There are too many problems here,"said Anshuman Prusty,a buyer.
Authority to knock on SC door for judicial review
Noida: With the Noida Extension situation now appearing beyond salvage after successive judicial blows,Greater Noida Industrial Development Authority might knock Supreme Courts door for a review of its order.
Rama Raman,chief executive officer of GNIDA,on Tuesday said the Authority will seek legal redress.Raman said GNIDA had been in consultation with its legal experts as well as with developers to minimise losses for buyers and it might seek a review of the Supreme Court order.While it is too premature to comment on our next step,one of the most likely options at the moment is going in for a judicial review, Raman said.
We understand that the major burden of the land acquisition row is being borne by buyers even as large amounts of investments have gone into various projects that are in several stages of construction.We have also been in constant talks with developers to ensure all parties are satisfied eventually, he added.TNN
- Builders pay lip service to buyers,lick own wounds
Describing the Allahabad high court order denotifying 589 hectares in Patwari as a big blow to them,the developers of the affected projects in the Noida-Extension area said on Tuesday that they would approach Supreme Court for relief.This is in sync with the position of the Greater Noida Industrial Authority and the state government.They will press for a judicial review to protect the interest of 30,000 home buyers,including 4,250 individual allottees,who got plots in the schemes floated by the Authority.If the other projects in the Noida Extension area are also scrapped,15,000 additional home buyers will be affected.
The builders have collected around Rs 1,500 crore from the investors and substantial amounts have been spent on construction.The cost of 26,000 flats will be nearly Rs 4,000 crore,assuming an average cost of Rs 15 lakh per flat.If you include the interest component for those seeking refund,the liability of builders is even more.
We are willing to become a party in the matter and will approach the SC along with all buyers and developers in the area seeking relief against the order on Patwari, said national vice-president of the Confederation of Real Estate Developers Associations of India (CREDAI) Geetambar Anand at a press meet on Tuesday evening.The present crisis is the fault of the land seller i.e the Authority and not the developers, he added.
Unlike Sahberi where only minimal work had been done,major construction work is already underway in Patwari.In Patwari,major construction work is underway roads,schools,hospitals and many IT offices also fall in the affected area, said Anil Sharma of Amrapali Developers.All the developers had gone to meet the Authority CEO Rama Raman to seek clarity on the status of our projects.Till now we do not know which part of our projects have been affected by the Patwari order.In most cases,our projects spill over into different villages, he added.
Stressing that only parts of each of their projects had been affected,the developers said protecting the buyers interest was supreme priority for them.But they were quite short on specifics.We have been stressing that we will protect the buyers interest and we need some time to decide on our next course of action, said R K Arora,MD,Supertech.
We had never anticipated that land acquisition by the government could be quashed in this manner.Even we are facing losses.Developers are losing money as well as credibility and hence we have decided to sit with the Authority tomorrow and decide on our course of action, Anil Sharma said.We are pleading with the Authority to renegotiate with the villagers even if that means imposing some sort of extra costs on us, he added.
- No urgency for acquiring farmers land,says court
The Allahabad High Court on Tuesday quashed the states notifications acquiring 589 hectares of farmland in Patwari village in Greater Noida.
Delivering the verdict on a writ petition filed by farmer Har Karan Singh and several others of Patwari village,a division bench of Justices Sunil Ambwani and S S Tiwari observed: Dispensation of hearing provided under Section 5-A of the Land Acquisition Act by invoking urgency clause under Section 17 (4) was not proper and legal.Hence,there was no urgency for acquiring farmers land for residential purposes in Nodia.
The Maya government is not alone in invoke the clause to acquire land.Over 15,000 hectares has been acquired in Noida and Greater Noida since 1991.Almost all these acquisitions were done using the urgency clause by successive state governments,including that of BJP,SP and BSP, said a senior official in the authority.
The affected builders,meanwhile,are putting up a brave face.Most of them met on Tuesday to find a solution to the crisis facing their projects.The builders association reiterated that developers will protect the interest of buyers.Amrapali,three of whose projects were by Tuesdays judgment,said,The decision will not affect the buyers investment with the group.We require your (buyers ) patience and trust with us and all the commitments shall be fulfilled in due time as promised.
Developers like Gaursons and Supertech also gave similar assurances.
Meanwhile,the Greater Noida Industrial Development Authority is considering approaching the Supreme Court again for judicial review of the verdict.Authority CEO Rama Raman,who was sacked by chief minister Mayawati later in the day,said,A judicial review seems to be the only way out now. However,given that the Supreme Court had upheld the HC judgment on the Sahberi case earlier in this month,theres little hope of the decision being upturned.
Reacting to the verdict,the state government too said it would file a special leave petition (SLP) against the high court order in the Supreme Court.Government officials said in Lucknow that a compensation of over Rs 500 crore had already been paid to the farmers and a majority of them had not opposed the acquisition.
The builder,on their part,too said they would go in appeal in the Supreme Court for relief.Most of them had begun construction in the area and had invested substantial sums of money in the projects.
Noida Extension,which is actually sectors 1 to 4 of Greater Noida,covers around 2,000 acres.GNIDA had acquired land in Patwari village three years ago after invoking the urgency clause on the pretext of laying down industrial units,and 90% of the villagers had claimed their compensation.However,around two dozen villagers had approached the Allahabad High Court earlier this year and submitted roughly 50 petitions seeking restoration of the acquired land.
- One fact which you are missing is that each project was launched by floating a new company. Therefore, Amarpali group may file insolvency for the companies which they floated for launching projects in NE and their rest of the projects in Noida and other parts will be safe legally.
But it will cause a huge dent to its goodwill coz though they have launched projects by a different company but people see it as only Amrapali Group only. Same is true with other builders as well.
Originally Posted by him_shrIs Amrapali really going to declare Amrapali Developers ltd insolvent?
Are they really on verge of bankruptcy??
Can such thing be really true in todays context or on wednesday when even more land of NE will be quashed by HC??CommentQuote0Flag
- Maja aa gaya, very good post. Especially, g/f wala comment.:DOriginally Posted by MogammoOye, Faridabad ke Broker(sorry Jokar) , Most of times you only write nonsense and write lies to show your status which is actually nothing. but this time you write correct that "my gf is out of India" , you are right because only a cheap Nepali outsider girl can be a girl friend of a 3rd class person like you.
Problem is only in NE and not in Noida or any FREEHOLD societies of Ghaziabad like RNE , CR , IP..... so keep shut up.
Aur tumhare Neharpar (sorry Naalapar) Faridabad ka haal to aur bhi bura hai. Read below recently News and start to save yourself from now.
- I just wonder at the statement that farmers are making that they were duped by the GNA because they acquired land saying that they will set up industrial unit and we gave the land with the hope that it will create employment opportunities for the villagers.
I dont think in these villages you will find many enough literate person who culd have got a decent job in proposed industrial unit. I dont think they would be intersted in job of security guard or office boy or labourer in proposed industrial unit. I dont feel they would be intersted in job at all given the money they had received from GNA.CommentQuote0Flag
- does anyone have the complete list of impacted projtects?CommentQuote0Flag
- Can anyone tell about the fate of Sec-120 projects (like RG residency)??is it also effected??CommentQuote0Flag
- It did come as a surprise but one must realize that five or six projects, which have been affected, not much work had actually progressed at the site. In my personal opinion, the court might have a different opinion if the work had actually progressed to, say, the Eight floor or the Tenth floor. And, they would have then factored in third party interests and the balance of convenience would have actually lied in favour of the developers and the end customers.
But in this case, the court in its wisdom has decided that the balance of convenience was not that big a factor and they said that not much work has been done. In fact, they actually said that because not much work has been done at the site there was no reason to invoke the emergency clause. What was the hurry, the sites are lying fallow or some bare minimum work has been done. So it is not such a great deal to reverse the situation and give it back to the land owners. I do believe that if the work had actually happened, the judgment might not have come out the way it has.CommentQuote0Flag
- There is another HC judgement expected today for more NE villages
Any idea what is on stake? (which projects, etc.?)CommentQuote0Flag