Noida Extn: Hopes of `dream home` dashed for many

35-year-old Dhiraj Sharma was hoping to move to his new flat in Greater Noida in a couple of years for which he had paid the initial amount to a renowned builder.

Last Updated: Jul 20, 2011, 21:36 PM IST

Noida: 35-year-old Dhiraj Sharma was
hoping to move to his new flat in Greater Noida in a couple of
years for which he had paid the initial amount to a renowned
builder.

But, his world came crashing down yesterday when the
Allahabad High Court quashed acquisition of nearly 600
hectares of land in two villages in Greater Noida near here.

Still trying to come to terms with reality that his
dream of owning a house will take more time than he expected,
Sharma says he cannot explain in words the trauma he has been
undergoing since yesterday.
"If I cancel the allotment, I will lose my
money.... Don`t know what to do.... And I won`t be able to get
a cheap apartment in the area now," he says.

Left with no option, Sharma says he will try to
persuade the builder to provide him a flat elsewhere at the
old rate.

Sharma is just one among thousands of people who have
been affected by the High Court order. These people have
booked flats in Greater Noida, which has now become a hub of
farmers protest against land acquisition.

Mohit Balla`s story is no different as he is also
wondering what to do next after the High Court`s order. He
says he has no option but to to wait for court`s order on
a petition filed by several organisations against yesterday`s
ruling.

"But one thing is clear. I will never buy any
property in Noida or Greater Noida in the future. There is no
use in buying them here when there is so much of problem
attached with it," he says.
The Noida Extension Flat Buyers Welfare Association
today moved the Allahabad Court pleading the court to hear
them before deciding petitions on land acquisition in the
area. The plea will be taken up on July 26.

The association`s treasurer said they have asked the
people who have invested to wait at least till the Allahabad
High Court takes up their plea.

He said after the court verdict, the association would
again call an open meeting where the investors can share what
the association can do to safeguard their interests.

"Now we will have to wait till next week. After the HC
verdict we will again have a meeting," he said.

Anil Sharma, CMD Amrapali and Vice resident CREDAI,
said: "All developers` credibility is at stake. We are looking
for ways to safeguard the interest of our investors and also
recover our losses."

Most of the projects have been partially affected and
developers involved include Amrapali, Supertech, Panchsheel,
Arihant and Nirala, Sharma said.

Prices of housing units in Ghaziabad and Gurgaon have
already increased in the last two weeks.

PTI