Second Shock For Noida Extension Builders, High Court Quashes 589 Hectare Land AcquisitionAllahabad, July 19: The Allahabad High Court on Tuesday quashed the land acquistion of 589 hectares of land in Patwari village after the villagers petitioned that their land was acquired at cheap rates by the
Allahabad, July 19: The Allahabad High Court on Tuesday quashed the land acquistion of 589 hectares of land in Patwari village after the villagers petitioned that their land was acquired at cheap rates by the government.
Today's was the first of the three judgements excepted to come till July 21.
In Noida Extension, there are 13 projects of 11 builders which may be affected: 1. Supertech Eco Village 2. Nirala - Nirala Estate 3. Patel Group - Neo Town, 4. Arihant - Arden Arihant, 5. Eros group - Sampurnam, 6. Amrapali - Leisure Park, Spring Medows, 8. Panchsheel - Hinish, 9. Stellar-Jeevan Project, 10. Earth Group - Towne, 11. Paramount - Emotions and Ajnara.
After the Parwari village verdict today, residents of Roja and Yakubpur villages will get the verdict from the High Court on July 20. On July 21, villagers of Itehda, Haibatpur, Bisrakh, Jalalpur, Ghanola and Malcha villages will be getting the High Court verdict.
All three villages fall under Noida Extension imperilling the fate of nearly 17 big builder projects.
With the fate of 17 projects in Noida Extension hanging in balance after the Shahberi villagers got back their land from the Supreme Court, several hundreds of crores of rupees belonging to investors, builders and banks are now at stake.
Ranbir Nagar, president, Gramin Kisan Morcha, a pro-farmer organisation, said nearly 17 projects would be affected majorly if the court rules in favour of farmers.
“In Patwari village there are numerous real estate projects already underway. If we get our farm land back, we will ask the builders to leave,” said the farmer leader.
Project work is on in full swing in the villages of Roja, Yakubpur, Itehda, Haibatpur and Bisrakh.
Meanwhile, attempts by builders to negotiate with farmers by giving them enhanced compensation have not yielded much results.
“Builders who are trying to negotiate with us are those who fear their projects are in danger as we have moved court. If the court rules in our favour, (building projects at) Noida extension would collapse as we would like to have our land back,” Nagar added.
CREDAI national president, Lalit Jain said the government is responsible if builders and investors interest are hurt.
“The judgment is awaited but I believe it is the government's responsibility to uphold the faith developers have imposed in the government. Now, it is up to the state government to help maintain the Authority's credibility,” said Jain.
Officials of Greater Noida Industrial Development Authority were tightlipped over the court verdicts.
“We are awaiting the High court order as we would be able to react only after knowing what the court has ruled. We will abide by the court's order,” said a senior official at the Authority.
On July 6, the Supreme Court set aside the land acquisition at Shahberi, Noida extension by the Greater Noida Authority, observing the Authority had exercised coloured power in acquiring land.