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Farmers To Profit From Land Acquisition Scheme, GNIDA Proposes To Disburse of Rs 4,500 cr By smith, Section Noida Real Estate
The Greater Noida authority's decision to acquire 5,000 hectares from 15 villages for carrying out development projects is likely to make a large number of farmers billionaires in no time. The GNIDA proposes to disburse a whopping sum of Rs 4,500 crore as land compensation to those whose land will be acquired.
The GNIDA is preparing to launch two residential schemes. A total of 44,000 hectare is proposed to be acquired in 124 villages. The GNIDA has so far acquired 24,000 hectares in these villages. The 5,000-hectare land to be acquired falls in villages along the GT Road, railway lines, Hindon river and in many villages in the Dankore area. For the first stage, land in six villages has been identified along the railway line and the Hindon river where residential, industrial and IT projects are proposed to be located. It is learnt that its proposal is being given finishing touches before being sent to the government for approval. According to the GNIDA sources, out 7,000 hectares acquired last year, 3,500 hectares have already been allotted. Houses and industries are proposed to be located on the remaining land. By the end of this year a low-income housing scheme of plots and flats will be brought. According to Addl CEO, GNIDA, Sudhir Kumar, the survey in the remaining area will start from the next week. The land in Bilaspur village in Dankor is also included in this acquisition plan which will be completed by month end, he said. Source: Tribune News Service June-06-2008
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