Nearly 4,000 constructed flats lying unsold at Mandola housing project, says UP Housing Board | noida | Hindustan Times
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Nearly 4,000 constructed flats lying unsold at Mandola housing project, says UP Housing Board

Officials of UP Housing Board - the agency developing the project – said, since December last year, nearly 550 buyers have taken back their booking amount and the board had to return nearly Rs 36 crore to them. The main reason officials said is farmers’ demand for hiked land compensation

noida Updated: Jul 05, 2017 22:49 IST
The housing project is spread over 2,610 acre of land on state highway 57 and intended for development of 12,000 housing units.
The housing project is spread over 2,610 acre of land on state highway 57 and intended for development of 12,000 housing units.(Sakib Ali/HT Photo)

Around 4,000 flats constructed under the Mandola housing scheme near Delhi border here in Loni are unsold because of the farmers’ protest over increase in compensation, UP Housing Board officials said on Wednesday.

Officials of UP Housing Board - the agency developing the project – said, since December last year, nearly 550 buyers have taken back their booking amount and the board had to return nearly Rs 36 crore to them.

“Apart from the cancelled bookings, we also have nearly 4,000 conctructed flats which are unsold. The primary reason being the farmers’ agitation who demand increase in the compensation but their petitions were dismissed by the high court. The administration has deployed nearly 200 police personnel to keep a vigil and prevent any disruption in the ongoing work,” said Mahendra Prasad, deputy commissioner, UP Housing Board.

Attempts were made by the administrative officials to pacify the farmers but certain “elements indulging in local politics have kept the pot boiling”, an official said.

The housing project is spread over 2,610 acre of land on state highway 57 and intended for development of 12,000 housing units. Of 12,000, a total of 4,000 flats were given for occupancy but bookings for 4,000 constructed flats are still awaited. At present, nearly 2,300 acre out of 2,610 acre is acquired and farmers have taken up their compensation as well before giving compensation.

“It is because of the tag of farmers’ protest that the scheme is facing issues. They have been clearly told that for any compensation hike, they will have to move to the Supreme Court. As a result of cancelled bookings and lack of buyers, there is price escalation of an average of 9-10% in the cost of flats,” Prasad added.

The land acquisition proceedings for the project started in 1998 after imposition of the emergency clause and land was acquired at the rate of Rs 1,100 per square metre. However, the farmers continue with their demand for hiked compensation despite their petitions being dismissed.

The district administration had also intervened and held meetings with farmers’ groups. During the meetings a lot of issues were discussed and sorted out. However, the entire scenario has hindered the overall progress of the project.