News
UP Govt nods higher compensation for farmers
The UP Government on Friday approved the distribution of enhanced compensation of 64.7 per cent to the 25,500 farmers of 30 villages in the Yamuna Expressway Industrial Development Authority (YEIDA) area, clearing up last of hurdles in the allotment of plots.
According to a published media report, the Authority will disburse the compensation only if 80 per cent of farmers withdraw their legal petitions pending in Allahabad High Court.
The report said, around 21,000 residential allottees are waiting to get possession of their plots, and the process has been hanging fire due to pending petitions in the HC. YEIDA has to disburse Rs 6,000 crore as hiked compensation for land acquisition in the area.
With this, 21,000 residential allottees are likely to start getting possession of their plots by March 2016. The size of the plots ranges from 300 sqm to 4,000 sqm in sectors 18 and 20. The plots were put up for sale in the year 2009. But it faced several delays as farmers from 77 villages, whose lands were acquired, demanded higher compensation.
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News2 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News3 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances