ibnlive » India

Jul 20, 2011 at 12:08pm IST

Noida Extension: investors worried as HC hears cases

New Delhi: More cases regarding the land acquired in Greater Noida by builders are expected to come up in the Allahabad High Court on Wednesday and on Thursday. Home buyers are also planning to approach the court seeking relief.

The HC is expected to decide on land acquisition issues of Roja Yaqubpur and Bisarakh Jalalpur villages of Greater Noida on Wednesday.

A decision on Itheda, Haidarpur and four other villages is expected on Thursday.

The acquisition of nearly 2,000 acres of land in Greater Noida and surrounding areas has been challenged in court and nearly 2.5 lakh flats are there in the affected areas.

In another setback to the Mayawati government's land acquisition drive, the Allahabad HC on Tuesday had scrapped the acquisition of 589 hectares of Greater Noida land in the Patwari village, where five big builders including Amrapali, Supertech, Gayatri and Stellar, have several projects in different stages of completion.

This is the second instance of the court quashing land acquired by the Greater Noida Authority.

The Allahabad High Court said that the land was taken forcefully from farmers for industrial development but was actually sold to builders at premium prices for housing projects. The HC judgement comes just days after the Supreme Court passed a similar order in favour of the farmers of Shahberi village.

"The land acquisition in Patwari village was almost complete, with land being allotted to different sectors, a road had been constructed, and a park was made. We never assumed that land acquired by government would be quashed like this," said Amrapali Group Chairman and Managing Director Anil Sharma.

Supertech MD RK Arora says that the group will resolve the issue with the government and try to protect buyers' interests.

"We have to first resolve this issue with authorities. Authorities have to tell us what they will do for us. At all cost, interest of our buyers will be protected," said Arora.

Farmers said that they were paid Rs 850 per sq meter for their land but that the Greater Noida Authority sold land to builders at roughly Rs 10,500 - Rs 11,000 per sq meter.

"We all farmers are supporting each other and we have made an association to fight against Noida authority. We don't want land now as it's no more fertile due to construction process. We are in talks with authority for some other compromises, or way to resolve issues," said farmers of Patwari village.

While farmers are jubilant, it's middle class investors in Greater Noida who are feeling the pressure. Construction on the 589 hectares in Patwari has already begun - by builders like Arihant - Arden, Eros Sampoornam, Nirala Estate, Patel Neo Town, Amrapali - Leisure Valley and Supertech - Ecovillge 1. The question now haunting the 7000 odd investors is - will the Supreme Court direct the builders to return their money, like it did in the case of Shahberi village?

Meanwhile, President of newly-formed Noida Extension Flat Buyers Welfare Association (NEFBWA) RP Tyagi said, "This is an association formed to take up the cause of the buyers. The lawyers of this association are in Allahabad to file a caveat in court asking they be made a party in the case as they are most affected."

With reference to the judgment of the Allahabad High Court concerning land acquisition in Patwari Village, the NEFBWA in a statement on its website said, "Our Office bearers are already in Allahabad. We are making every possible effort to file the impleadment application before the Hon'ble High Court on 20-7-2011."

"We earnestly hope that Hon'ble High Court will give hearing opportunity to one lakh flat buyers before passing any further order in the matter of land acquisition," said the statement.

"We are also contemplating filing a review petition in Patwari cases as the flat buyers were not a party," the statement further said.