Friday, 15 May 2015

Big Booster for Greater Noida West Home Buyers !

The Supreme Court on Thursday upheld Allahabad High Court verdict in the Greater Noida and Noida Extension land acquisition case.

A bench headed by Chief Justice H L Dattu dismissed a batch of appeals filed by farmers as well as Noida and Greater Noida authorities against the high court's October 21, 2011, verdict.

This latest order by the SC brings major relief to lakhs of home buyers who have bought apartments in Noida Extension and other surrounding areas in Noida and Greater Noida but were uncertain about their future. There are close to 100 projects in the area, many of which are at an advanced stage of construction.

The 22,000 hectares of land was acquired by these two authorities in 2006.

"This Judgment will give booster dose for Noida Real Estate Market, As Noida Greater Noida Metro Link and planned elevated Roads will change the scenario and give a huge profit to Investors and Buyers in this Area." said Mr. Chaudhry Director of ACE Group.

Granting a virtual go-ahead to builders to carry out construction without worrying about the fate of the land acquired

The judgment relates to 65 villages – 42 in Greater Noida and 23 in Noida Extension. Most of these villages run parallel to the Yamuna Expressway.

5 comments:

  1. I would like to thanks for sharing us this update.!

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