In 2005, some builder got the land at very high rates around Rs 40,000 to Rs 50,000 per sq meter for GHP plots in sector 93A (SuperTech) , sector 50 (Mahagun), Sector 52 (Antariksh) etc.

Based on the high land prices, the launch price of the flats was very high close to Rs 4000 to Rs 4500 per sq ft.

Now, supreme court is asking state governments to adequately compensate the farmers as per prevailing rate which are as highs as Rs 20000 per sq meter in NE and Rs 30,000 per sq meter in Noida.

If such high rates are paid to the farmers by either the builders or state government, then after accounting for the % of the acquired land which would be reserved for civic amenities (like roads, parks, etc), the final cost of the land would be in the range of Rs 40000 per sq mt.

This means that in medium to long term or immediately after the passage of the new Land Acquisition Act in monsoon session , the launch price of flats might zoooom to a very high level (might be Rs 4000 - 5000 per sq ft or higher).

Hence, it would be prudent to buy in Ready to Move flat or flats which are in advance stage of construction.

You never know that the entire acquisition in NE is scrapped by next UP government and land re-allotted to builders at Rs 40000 per sq mt (after paying adequate compensation to farmers) and then flats launched by the builders at Rs 4000 per sq ft.
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