Tag Archives: Mayawati

‘Balanced’ Allahabad HC ruling won’t hurt buyers: CREDAI

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Deola, Shahberi, Asadullapur, Greater Noida, Noida Extension, MayawatiWelcoming the “balanced” decision of the Allahabad High Court to quash land acquisition in three villages in the Noida, Greater Noida and Noida Extension areas of Uttar Pradesh, real estate developers’ body CREDAI claims that home buyers will not be affected by the ruling.

“It’s a balanced judgement by the Allahabad HC. It will allow projects to come up in Noida Extension again. Investors and home buyers who have put their money in the Noida Extension projects will now be safe,” Confederation of Real Estate Developers’ Association (CREDAI) NCR President Pankaj Bajaj said.

“Farmers will now get 1.5 crore per acre after this judgement as against about 90 lakh per acre earlier,” he said.

The Allahabad HC has quashed the acquisition of over 3,000 acres of land by the Uttar Pradesh government in three villages – Deola, Chak Shahberi and Asadullahpur — and has directed the return of the area to farmers subject to compensation amounts already paid being returned.

According to Bajaj, “This will not have any major impact as home buyers of Shaberi village have been already shifted to other projects and there were no projects in the other two villages.”

“It would take another two months to start construction (of the alternate projects), as the HC has directed that approval needs to be taken from the NCR planning board,” he said.

The Noida Extension area is spread over 4,000 acres and an estimated 2.5 lakh houses are being built there. Out of this, about one lakh units have already been sold by builders.

The Allahabad High Court order was passed by a specially constituted three-judge bench comprising Justices Ashok Bhushan, S U Khan and V K Shukla on the writ petition of 491 farmers from more than a dozen villages in the district, who had challenged the acquisition of land by the state government.

In its ruling, the court took serious note of the fact that vast tracts of land in the district were acquired for the purpose of “planned industrial development” by invoking the urgency clause, but were later handed over to private builders for construction of residential complexes.

A number of builders and thousands of flat buyers who had invested in the housing projects had also approached the High Court with the plea that any adverse order would badly affect them for no fault of their own.

HC quashes land acquisition of three Greater Noida villages

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Delhi NCR real estate, Greater Noida, Noida Extension, MayawatiIn a major setback to the Mayawati Government and the developers who have projects spread across Noida Extension, the Allahabad High Court today, September, 21, quashed the land acquisition of three villages in Greater Noida.

Land acquisition has been cancelled in the villages of Deola, Shahberi and Asadallapur by the Court.

The order was passed by a specially-constituted three-judge bench comprising justices Ashok Bhushan, S U Khan and V K Shukla on the writ petition of 491 farmers from more than a dozen villages in the district who have challenged the acquisition of more than 3000 hectares of land by the State Government.

Passing its verdict, the High Court said: “No new construction will be allowed on the land until master plan 2021 comes into effect.”

The Court has also directed the UP Chief Secretary to appoint officers to conduct a probe into the land acquisition.

The Noida Extension area is spread over 4,000 acres and estimated 2.5 lakh houses are being built there. Out of this, about one lakh units have already been sold by builders.

On September 12, the High Court had started hearing on writ petitions challenging acquisition land by the authorities in Greater Noida.

More than 400 farmers from over 12 villages have moved the high court challenging acquisition of their land. The Court had reserved its judgement for today.

Mayawati among Delhi property tax defaulters

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india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, Delhi NCR real estate, Mayawati, Uttar Pradesh Chief MinisterBahujan Samaj Party chief Mayawati and Delhi’s Hotel Taj Palace are among over 6,800 individuals and institutions listed on the New Delhi Municipal Council’s website for default in payment of property tax.

According to the list, a total of 6,816 people or institutions owe property tax amounting to Rs.650 crore to the civic body as on April 1 this year.

The figures were revealed in a Right to Information reply and subsequently posted on the civic agency’s website. According to the list, the State Trading Corporation of India on Tolstoy Marg is the biggest defaulter with Rs.43.60 crore, followed by Hotel Taj Palace at Rs.42.54 crore.

The BSP supremo and UP Chief Minister owes Rs.31.76 lakh to the NDMC as tax on her property on Sardar Patel Marg, while the CPI(M), which owns a property on Bhai Veer Singh Marg, owes Rs.18 lakh to the agency.

Some of the prominent hotels — Maurya Sheraton (Rs.44 lakh), Samrat (Rs.20 crore), Hotel Janpath (Rs.6.9 crore) and Park (Rs.15 crore) – are also in the list.

There are at least 40 defaulters who owe more than Rs.1 crore each to the agency. Gymkhana Club owes Rs.2.65 crore while the Federation of Indian Chambers of Commerce and Industry (FICCI) owes Rs.1.24 crore.

A senior NDMC official said the arrears were cumulative and did not pertain to only a single year. In addition, the majority of cases are under dispute in court, he added.

NDMC spokesperson Anand Tewari said, “The posting of the list on our website is a mere act of putting the information of the accumulated list of property tax defaulters in the public domain as is required under the RTI Act as well. The civic agency’s efforts to recover these arrears, which include issuing notices or through amnesty schemes, are part of a separate administrative process mandated under the NDMC Act.”