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Two cities of Delhi faces fly hike in land prices

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With the increase of migrants from rural area to cities it changes the prices ranges of the land and properties both at Noida and Greater Noida. Already we witnessed many controversies regarding the farmland acquisition matter and now more land is on hunt by the developers to construct their new residential and commercial project. Demand for the land is still in the pace of growth and creating more chaos in the city urban areas.
According to the various sources, around the sub urban areas of Noida an estimate number of 10000 odd farmers is willing for a developed site whereas another number of 4500 farmers of 11 villages have launched a campaigning for their land that was acquired before 1997. But the situation is bit different in Greater Noida as two court cases has ordered for a immediate action for a forcibly land acquisition matter of around 750 hectares of land at two rural areas. Looking to these consequences the villagers of the other near by areas affected by land acquisition has made a walk to the court and their agitations are in process for final verdict. So a new trend of settling the issues out of the court and lawyer is on the full swing as a part of mutual agreement so that everything goes well without the intervention of the court judgments. Any how if with any mutual settlement between the two groups takes place, real estate prices are sure to go up if the developer has to pay a huge portion to the respective owners of the land. And incase there is no results comes out after the mutual compromization about the attainment then the proposed property will be at the hand of the Government according to the recent acquisition policy.
Source: NIMMA BENGALURU

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