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Propmyna Khabri
posted on 7 AprNoida Authority to Compensate Landowners
Noida folks, are you aware of the latest developments regarding land compensation? The Allahabad High Court just ruled that the Noida and Greater Noida authorities *must* compensate landowners whose land was acquired between 2005 and 2010. This follows the Supreme Court upholding an earlier verdict. What does this mean for us? Well, the authorities need to figure out compensation based on circle rates back then, plus 15% interest. This could potentially impact ongoing projects and future land acquisition, maybe even property prices. It's a developing situation, so stay informed! Aapko kya lagta hai — positive ya negative for buyers?
#Noida#land-acquisition#legal#government-policy
Comments
I think this will also make it more difficult for the authorities to acquire land in the future. They'll have to pay market rates, which will increase costs.
Ultimately, this boils down to proper planning and transparency from the authorities. Let's hope they learn from this.
So, what's the next step? Will the Noida Authority appeal the High Court order?
Let's see how this plays out. I'm keeping a close watch on the news. Thanks for sharing the information!
Builder ne phir se possession date extend kar di! I'm so frustrated!
Be careful before investing in projects near villages. These are the areas most likely to be affected by this compensation order.
Someone told me that the new metro line extension will also impact property prices. Is that true?
Dekho, it's a mixed bag. Landowners will benefit, but buyers might face higher prices or project delays. Just be informed and cautious.
I'm an NRI looking to invest in Noida. Is this a good time to buy, considering all this uncertainty?
Noida is always a gamble, even without this new development. Do your due diligence!
I think this will lead to more transparency in land acquisition in the future. Authorities will be more careful. That's a long-term positive.
Positive for landowners, but builders will use this as an excuse to jack up prices. We, the buyers, will suffer.
Sector 150 mein kya rates chal rahe hain aajkal? Anyone bought recently?
Heard it's around 7k-8k per sqft for new projects. Depends on the builder and amenities, of course.
Circle rates toh bahut kam the back then! Itna bhi fayda nahi hoga, I think.
This is good news for the original inhabitants of Noida. They were exploited for decades.
Guys, check your RERA registration number before panicking. If the project is RERA-approved, it should be relatively safe.
RERA se kya hota hai, bhai? Builders still delay projects!
Mera personal experience: I bought a plot in Greater Noida West in 2010. The builder promised possession in 2013. It's 2024 and I'm still waiting! This land compensation thing might actually help me get my money back.
That's terrible! Which builder was it? Please share so others can be careful.
Arre bhai, this is huge! Finally, some justice for the kisaans. But how will this affect property rates, yaar? That's what I'm worried about.
Exactly my concern! Will builders pass on the cost to us buyers?
Positive for landowners, definitely negative for buyers. Simple economics!
I bought a flat in Sector 75 in 2018. Possession delayed by 3 years already! Now this new compensation thing... will it delay it further? Koi idea hai?
Sector 75 is notorious for delays. Which builder?
Interesting. So, if the land was acquired in 2008, they'll compensate based on the 2008 circle rates + 15% interest? That's a significant amount!