Relief for 5,000 Noida Sector 107 homebuyers likely as farmers agree on higher compensation
NOIDA: There may be an end in sight to the long struggle of 5,000 homebuyers who invested in residential projects in Sector 107 five years ago but found the projects stalled as Noida’s land acquisition was challenged in court.
The trust that had challenged the acquisition of 225 hectares of land in Sallarpur village, of which Sector 107 is a part, has agreed to a settlement if farmers are paid an increased compensation of 64.7% and given alternative land. The demand is the same that the Allahabad high court has ordered for other farmers in Noida and Greater Noida who had fought a legal battle against the acquisition of their land.
Maharishi Vidyalaya, the trust, has filed a plea in the high court, saying it is ready to accept enhanced compensation. Pankaj Dubey, the counsel representing the trust and others who have challenged the land acquisition, said, “We have demanded a hiked 64.7% compensation for the land which has been acquired by Noida Authority. If they give us this and 10% land or just alternative land for the area that has been acquired from us, we are ready to relinquish our claim.”
Manish Goel, the advocate representing Sector 107 homebuyers, said, “The affidavit filed by the opposition has agreed to settle for an increased 64.7% worth value of land and 10% land as hiked compensation. This is a great leap in favour of the buyers.”
Homebuyers who have been facing an uncertain future said this had given them hope of a resolution. Most buyers say they have already paid 70-90% of their flat costs. “If the opposing party is ready to settle for hiked compensation, our projects can then be completed,” said Puneet Parashar, who was leading the buyers’ protests.
The Noida Authority had acquired the 225-hectare land in Sector 107 in 2008 and 2009, following which builders on leased it and got necessary approvals before launching projects in 2010-11 and starting bookings. The sector comprises apartments of Lotus 300, Amrapali Heartbeat City and Great Value Sharnam.
But since land was acquired under the urgency clause of the erstwhile Land Acquisition Act, which cannot be invoked for housing projects, it was challenged by farmers in the Allahabad HC in 2011. The builders had then moved Supreme Court, which on August 5, 2013 ruled in favour of the farmers and cancelled the entire notification of land acquisition. The buyers were made a third party in the case.
In 2014, the builders went to the apex court asking for a review. The court accepted the review petition and sent the case back to Allahabad high court for a review. The high court will hear the case next on July 6.