Once again high court of Allahabad has given some set back to Builders, Buyers and UP government after quashing acquisition of nearly 600 hectares of land in two villages in Greater Noida of Patwari and Dewla villages which comes under NOIDA Extension.
Around two lakh residential units in the price band of Rs 10-35 lakh are slots online going to be affected due to this judgment. These were either in the stage of under construction or in the stage of planning.
The land was acquired by the state government through notifications in March 2008 and May 2008 for building residential complexes in Greater Noida area.
Earlier at the begning of this month Supreme Court has passed the ruling against the acquisition of 156 Hect land in Sahberi village of Greater Noida.