Hundreds of flat buyers led by a newly-floated body, Noida Extension Flat Buyers' Welfare Association (NEFBWA) on Saturday held a peace march to raise their concern over the land acquisition issue.
The march, led by association president RP Tyagi, started from Sector 14 (A) Gautam Budha Statue, Noida Entry Gate, and proceeded towards Sector 18.
"We want our flats at committed price. We do not want refund of the money," said Tyagi.
"We have also moved court requesting that we should be made party to case. We have requested the court to hear investors views too before deciding any Noida Extension case," he said.
Earlier this week, NEFBWA had filed a petition in the Allahabad high court pleading it to hear them before deciding on the land acquisition issue.
At present some more petitions are pending in the high court, which is likely to announce its decisions next week.
"We are not against farmers. Farmers should be paid adequately. It is authority's (Greater Noida Industrial Development Authority, GNIDA) fault and it has to resolve it," said Tyagi.
"Authority cheated farmers and sold land to builders who further cheated investors. All stakeholders should sit and find an amicable solution where farmers get proper land rate and buyers their flats," said Rajiv Sharma, an investor.
On July 6, the Supreme Court had struck down acquisition of 156 hectares of land by GNIDA in Shahberi village in the area, saying the authorities were "subserving" private builders in the name of public interest. This decision affected about 6,000 home buyers.
Following this, the Allahabad high court quashed acquisition of 589.13 hectares of land in Patwari and Dewla villages, falling under Dadri tehsil of Gautambuddh Nagar district, by the GNIDA. Builders claimed that the order would affect 20,000 home buyers and 11 projects.
The Noida Extension area is spread over 4,000 acres and an estimated 2.5 lakh houses are being built there. Out of this, about one lakh units have already been sold by builders.