New land act cripples development in Noida

  • Vinod Rajput, Hindustan Times, Greater Noida
  • Updated: Jul 01, 2014 18:13 IST

The Yamuna Expressway Industrial Development Authority’s (YEIDA) ambitious scheme of 21,000 plots along Yamuna Expressway will continue to remain affected because of the new Land Acquisitions Act.

YEIDA had allotted the residential plots scheme in 2009-10. However, because of farmers’ protests, the authority has failed to hand over possession of these plots to allottees, who have together invested about Rs 2,000 crore.

If the authority gives-in to the demands, it would mean that YEIDA would have to generate Rs 8,000 crore (apart from already paid money for the land) from buyers and builders.

“New act says that if a farmer has not accepted compensation for his/her land acquired by the government under old land acquisition act. And the possession of the land stays with a farmer, then government will have to re-acquire the same land implementing 2013 act. Therefore, Yamuna’s 21,000 residential plots scheme will fail to take off,” said Dhirendra Singh a farmer leader.

In another controversy marred project, the Noida authority had announced to build a Rs 400 crore new office in a 130-metre high iconic building having 42 storeys on a 68,000 sqm plot in 2009. But it could not start the project as the land was entangled in legal conflict. Farmers of the area opposing to the land acquisition for this project had moved Allahabad high court against the authority.

“The same building would have cost Rs 400 crore to the Noida authority in 2009-10. But now, a similar building would cost anything around Rs 800 crore. Therefore, the authority now plans to build only 25 storeys instead of earlier plan of 42 storeys,” said a senior official.

From Around the Web
Sponsored by Revcontent

also read

Kashmir unrest: Army backs CRPF’s pellet guns, says its ‘least lethal’
Show comments

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Chrome and Ad BlockPlus users

1.Press the ‘ABP’ icon in your toolbar at top right of this page

2. Click on ‘Enabled on this site’; this should now change to ‘Disabled on this site’


chrome



For Chrome and Ad Block users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don’t run on pages on this domain’ and then click ‘exclude’ on the pop up


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Mozilla and AdBlock Plus (ABP) users

1.Press the ‘ABP’ icon in your toolbar

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Internet Explorer and AdBlock Plus users

1.Press the ‘AdBlock Plus’ icon in your status bar at the bottom of the screen

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Safari and AdBlock users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don't run pages on this domain’ and then click 'exclude'


chrome