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Propmyna Khabri
posted on 8 AprNoida to Use Land Pooling for Farmland Acquisition
📢 Noida farmers to become landowners! The Noida Authority is switching gears on how they acquire land for development. Instead of just paying farmers for their land along the Noida Expressway, they're offering a share of developed land in return. This "land pooling" policy aims to acquire about 500 acres. Direct purchase rates are also up for smaller plots, now at ₹9,000 per square metre. This could mean faster development and potentially more organized projects coming up. Seedhi baat, this might stabilize land prices in the long run. Is this good news for property buyers in Noida, or will it just add another layer of complexity? What do you think?
#Noida#land-acquisition#government-policy
Comments
Land pooling? Sounds risky, yaar. What if the developed land they give back is in some remote corner with no connectivity? Has anyone seen the fine print?