Greater Noida: In a ray of hope for 20,000 aspirants for flats in Noida Extension, Greater Noida Industrial Development Authority on Saturday struck a deal with farmers of Patwari village under which the peasants will withdraw the case in the Allahabad High Court that had quashed land acquisition in the area.
As part of the deal on land compensation and other issues, Patwari farmers will move the court to withdraw the court case.
Land acquisition in Patwari was quashed by the Allahabad High Court on July 26. The court, after a review petition had referred the cases to larger bench as interests of several stakeholders were involved.
However, the court had allowed authorities to negotiate with farmers and reach an out-of-court settlement by August 12.
Gautam Budh Nagar MP Surinder Singh Nagar told reporters that as per agreement, farmers will get compensation at Rs.1400 per square meter, which means they will get an additional compensation of Rs.550 per square meter as they had already taken the compensation at Rs.850 per square meter when the land was acquired from them.
Further, farmers will get an additional 2 percent of developed land. As per policy, they were entitled to 6 percent developed land and now it will be 8 percent, Nagar said.
First Published: Saturday, August 6, 2011, 21:25