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Monday 25 July 2011

Allahabad Court Order on Greater Noida Land


Allahabad Court Order on Greater Noida Land

The UPA government is concerned over problems arising out of the Allahabad high court order, asking to hold land acquisition in Greater NOIDA. The court has ordered that the land which has been turned by developers into a realty gold mine should be returned to the farmers.
This has thrown many middle-class buyers from Delhi into a tizzy as they had invested in new homes. The builders are making polite noises about returning the money, and the banks have refused to offer loans.
A senior source in the government said the issue had come up for discussion at a meeting of a group of ministers, and that it was concerned as much for the Delhi home buyers as it was about the farmers who have been short-changed.

Source: http://www.dnaindia.com/india/report_centre-uneasy-over-noida-land-order_1569075



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