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Greater Noida builders ordered to pay the compensation within 90 days

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Claimed sources at www.propertykhazana.com says, the developers who had the ventures in the area have asked the Greater Noida Authority to pay back the reimbursement amount of Rs. 3,500 that was given out to the farmers within three months. In the meeting with developers each of them has to pay an extra amount of Rs. 2,015 per sq meters and authority said that all the notices about the same had sent out by November and the builders must pay additional amount whatever said by January 2012. Now developers can pay the additional amount in three installments and the authority has also decided that the developers must deposit their first installment by the end of this month. So, that authority can start giving out the better reimbursement amount to the villagers as soon as possible.
According to the sources available withwww.propertykhazana.com, about 100 developers are coming up with the ventures in 40 villages across the Greater Noida, and now they will share the better reimbursement for the farmers in the locality. But still the verdict is on either the 30,000 entity plot proprietor who had allotted land by the NA will also have to pay the additional amount or else it will be taken during the Authority’s Board Meeting. Developers are finding difficult to pay the amount which is extra on per sq meters and they have given the option to pay it in installments to the authority and this will be only allowed with three installments.
Source: NIMMA BENGALURU

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