Monday's court order has given both builders and farmers a reason to smile. But homebuyers who could not find any silver lining. In fact, buyers said wait for their dream houses might prolong further.
"The high court gave its order last year. Today it refused to review the matter. Cases will now be heard afresh in the Supreme Court. Even if the NCR planning board approved Greater Noida's master plan anytime soon, housing projects, which have remained stuck because of lack of this clearance for seven months now, may not start," said Abhishek Kumar of a buyers' association.
"In the apex court, farmers will seek their land back. It's back to the square one. The euphoria of the high court last year's order, which allowed realty projects with certain riders, is gone. Hearing in the Supreme Court will take time and the case could go either way. The issue of master plan approval may not be relevant now."
"We had much hope from the authority's review petition, seeking resumption of stuck projects. Its rejection is a huge setback for buyers. We have also moved the high court, seeking an order to the NCR planning for an early approval of the master plan. Hearing is slated for May 16. But since the very allotment of land to builders has now been questioned in the Supreme Court, even the approval may not mean a relief," said Devendra Kumar, a buyer.
Meanwhile, builders and farmers welcomed Monday's order of the high court.
Pankaj Bajaj, president of a builders' association, said, "We're happy the Allahabad high court has upheld its order and refused to set aside land acquisition. We hope the matter ends here."
"The order is in the interest of all stake-holders. We hope the much-awaited approval from the NCR board would come soon and construction would resume," said RK Arora, a prominent builder of Delhi-NCR.
"It's heartening that the court told the authority it would have to give farmers 10 per cent share in developed land. The court also refused to differentiate between native and non-native farmers for rehabilitation benefits," said Parminder Bhati, a lawyer for farmers.
"It's a fresh battle in the Supreme Court now. We're confident we would get either our land back or a better compensation package," said Dushyant Nagar, a farmer in Noida Extension.
Farmers go on rampage
After their review petition was rejected, farmers in Greater Noida went on the rampage, blocked the Noida-Greater Noida road and damaged property in Noida Extension. Police reached the spot and brought the situation under control.
Authority CEO Rama Raman said the NCR planning board would meet on May 22 and the authority would try its best to get the master plan approved. He said farmers were being given additional cash and share in developed land as told by the court.