After Noida Extension Land Mess, Ghaziabad & Gurgaon Tries to Cash

If you are going to be plan to buying a house in Noida? Troubled by the land acquisition row in Noida? Don’t worry because you haven’t run out of options. In fact, property agents from Ghaziabad, Gurgaon, Faridabad and Dwarka expressway are flooding people’s inboxes with promotional mails and SMSes, trying to cash in on the Noida property crisis. With several housing projects in Noida now hanging fire, most property dealers and agents in the National Capital Region (NCR) are now geared up with a different plan. They have started aggressive marketing and are attracting buyers to buy apartments in Ghaziabad, Gurgaon and Faridabad rather than going to Noida.

Going up!
Real estate promoters say enquiries for residential projects in Ghaziabad, Gurgaon and Faridabad have gained substantial spurt. They say the crisis in Noida Extension is beginning to mar consumer sentiment in the adjoining areas as well. Alok Tyagi, Director of ATN Infratech Pvt. Ltd. located at Noida Place said, “We have been closely following the updates on Noida extension as well as Noida sectors. The court has already demanded the return of over seventy per cent land to the farmers. Looking at the current scenario we have decided not to deal with Noida builders. We have totally changed our marketing activities.”

“Now, we are tracking customers who have lost their money in Noida. They are the ones who could easily be persuaded to buy a flat in areas like Ghaziabad, Gurgaon and Faridabad as the investment is safe. Incidents like these bring a bad name to our company. We are now entirely focusing in Ghaziabad, Gurgaon and Faridabad,” added Alok Tyagi.

Cashing in
Even builders are admitting the stock of Gurgaon, Ghaziabad properties have gone up. “Yes we have seen a positive response to residential property in Ghaziabad, Guragoan and Manesar area. This positive sentiment is going to remain till there is some relief for buyers in Noida. Though we are moving aggressively, at the same time we are cautious to avoid a Noida-like situation,” said Mr. S.P.Singh, Managing Director, BCC group.

“While in the month of May we had 125-150 queries for various projects in Haryana, enquiries in June and July got tripled. Till date we have had around 600 people showing interest. Most of them are those who once got flats booked in Greater Noida. Also, the first thing they want to know is the process by which land has been acquired from farmers,” S.P.Singh said.

Major Real Estate project after Noida Extension Controversy!

After the Noida Extension controversy, HDFC PMS and BCC Group is coming with the best project Indraprastha Yojana “Bharat City” in Ghaziabad. Bharat City Ghaziabadis a lovely project with mind blowing amenities located near Hinddon Airbase and proposal metro station.

HDFC Bharat City Ghaziabad

Bharat City Ghaziabad

Bharat City is a township inspired by the philosophy of ‘People First’. A gated community spread over 50 acres, Bharat City is one of the best upcoming townships in Delhi / NCR. This is one of the largest residential projects at Indraprastha Yojana, Ghaziabad and offers 5000 units with multiple options in sizes and layouts to revel in the pure joy of living. Designed as a vital urban center, Bharat City offers the widest range of activities for everyone.

All coupled with the prestigious Bharat Club, Cricket practice pitch, Multi cuisine restaurant, Convenient shopping, Hyper market, large open playing area, Senior citizen park, Sports complex, Jogging track, Sand pit, Amphitheater, Swimming pool, Tennis court, Badminton court, Basketball & Volleyball court, in fact Bharat City is the only complex providing night sport complex in India. Bharat City will be one of the world’s finest continually-evolving urban environments.

Action and demonstration
Meanwhile, the Greater Noida Industrial Development Authority (GNIDA) has issued notices to seven builders, asking them to return the land to the farmers in Shahberi village in line with the court orders. The seven builders are Supertech, Mahagun, Amrapali, Gulmohar, Inder Royal, Panchsheel and Shree G.

GNIDA had earlier issued notices to Shahberi farmers asking them to return the compensation amount so that the land could be given back to them.

Though Authority officials had started measurement of the land, but villagers had stopped them. Realty projects in Noida Extension which comes under GNIDA, including in Shahberi and Patwari villages, have come to a halt after the Allahabad high court quashed land acquisition there. The Authority is now facing a flood of litigation against land acquisition.

“On the high court order on Patwari village, the Authority has decided to move the Supreme Court,” said Rama Raman, Chief Executive Officer, Greater Noida Authority.

In Noida Extension, contractors and labourers held protest demonstration at crossing near Gaur City just across the Hindon Bridge. Farmers too staged protests and burnt effigies as additional police force were deployed in the area. Rapid Response Force team was keeping a vigil in Gejha village where farmers from over a dozen villages participated in a panchayat. The panchayat decided to hold an awareness march in villages and motivate farmers to move the court if the GNIDA did not accept the demands of hike in land compensation, five per cent developed land and ‘abadi’ land regularisation by August 5.

House buyers assembled at several crossings in Noida and tried to take out marches leading to traffic snarls but were soon dispersed by the police.

“Nobody will be allowed to hold foot march and block the traffic flow,” SP (City) Anant Dev said.

Giving in to demands of agitating farmers whose land has been acquired, Noida Authority on Monday promised to give them five per cent of the developed plots from next week and regularise ‘abadi’ or populated sections.

Announcing this, Noida chief executive officer Balwinder Kumar, however, said the issue of higher compensation sought by farmers has to be decided by the Uttar Pradesh Government Kumar, who visited Sorkha and Parthla villages, told the farmers that peripheral road will be constructed around the villages and all ‘abadi’ land as existing today would be regularized.

A mahapanchayat of villages along the Expressway had yesterday set August 5 as deadline for return of the five per cent land developed and threatened to stop construction work on housing projects if the authorities failed to meet their demands. The CEO promised to convey the farmers’ demand for higher compensation to the state government.

Let’s hope all issues will be solved as early as possible and we will see the end of this drama. The judgment should be favorable to all people. And home seekers once again will look the Noida Extension property.

This entry was posted in Ghaziabad Properties, property in noida, Real Estate, Real Estate Development. Bookmark the permalink.

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