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Land compensation, allotment rate hiked in Noida, G Noida

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Land compensation, allotment rate hiked in Noida, G Noida

Last updated: May 23 2011
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  • Land compensation, allotment rate hiked in Noida, G Noida

    Noida May 23(PTI) Faced with farmers'' unrest over acquisition of land in Noida, Greater Noida and Yamuna Expressway, Uttar Pradesh authorities today hiked the land compensation by 12.5 per cent.
    To compensate the loss, the authorities also hiked the land allotment rates too by 12.5 percent.
    At a meeting of Noida, Greater Noida and Yamuna Expressway Authorities board held here, the land compensation and land allotment rates have been hiked by 12.5 percent, Board Chairman Mohinder Singh told a press conference.
    Several areas of Greater Noida and Yamuna Expressway, particularly Bhatta Parsaul, have seen farmers'' agitation on the issue of land acquisition and violent clashes between farmers and the police. .
  • #2

    #2

    Re : Land compensation, allotment rate hiked in Noida, G Noida

    Originally posted by KB_may2010 View Post
    Noida May 23(PTI) Faced with farmers'' unrest over acquisition of land in Noida, Greater Noida and Yamuna Expressway, Uttar Pradesh authorities today hiked the land compensation by 12.5 per cent.
    To compensate the loss, the authorities also hiked the land allotment rates too by 12.5 percent.
    At a meeting of Noida, Greater Noida and Yamuna Expressway Authorities board held here, the land compensation and land allotment rates have been hiked by 12.5 percent, Board Chairman Mohinder Singh told a press conference.
    Several areas of Greater Noida and Yamuna Expressway, particularly Bhatta Parsaul, have seen farmers'' agitation on the issue of land acquisition and violent clashes between farmers and the police. .
    earlier the land was acquired at rate of 850, sold to builders at 10000.
    850*12.5% = 106.25, NOIDA authority will pay to farmers
    10000*12.5% = 1250, NOIDA Authority will charge to flat buyer

    1250-106.25 = 1143.75 additional to what paid to farmers...

    golmaal hai bhai sab golmaal hai...

    PS:Please correct me, if did some mistake

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    • #3

      #3

      Re : Land compensation, allotment rate hiked in Noida, G Noida

      That's really a positive step taken by Authorities.
      Thanks

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