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
Samtel Avionics MD & CEO, Puneet Kaura takes over as the Chairman, CII Delhi State
-
News2 weeks ago
Office spaces demand move up in Faridabad
-
News2 weeks ago
Floor property prices to shoot up post Haryana Govt’s decision revoke construction of stilt plus four floors
-
Developers Speak4 weeks ago
Mopa Airport is catapulting Sindhudurg into a thriving second home market
-
New Launches3 weeks ago
Magicbricks launches AI powered marketing solution tool, PMS
-
News4 weeks ago
Increased participation of Women needed in Real Estate, Construction sectors for $5 trillion Indian Economy: Naredco Mahi
-
News4 weeks ago
Embassy enters into strategic sale of its partial shareholding in Embassy Office Parks REIT, “Embassy REIT” to Bain Capital
-
New Launches2 weeks ago
CRC launches housing project, CRC Joyous