Greater Noida: Investors shocked, farmers happy

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Greater Noida, Jul 8: After the Supreme Court gave its verdict to cancel the land acquisition in Greater Noida, the judgment has made many farmers happy who were deprived of their livelihood for years.

In Shahberi village, Rajpal Arya, a farmer by profession was a happy man after the Uttar Pradesh  government was asked by the Supreme Court to return the 156 hectare land it had acquired.

Arya was shocked to find out that his name was removed from the name of property owners after the land was grabbed. Like many other farmers, Arya wanted his land back and not compensation.

Many investors who had booked houses across the village were upset after the judgement came out.

"I have been getting sleepless nights for the past two months," said Rajiv Agarwal, an IT professional in Noida who booked a flat with one of the developers, Mahagun. According to Rajiv to get back a refund is not easy as it seems.

"No need for investors to worry. We are either going to refund the money or relocate you to a property of your choice," said Amit Jain, Mahagun Director.

The Supreme Court on Jul 6 upheld the Allahabad High Court's order questioning land acquisition and imposed a fine of Rs 10 lakh on the Greater Noida Authority.

The SC earlier blamed the state for being a land grabber and accused it of stripping farmers of their livelihood for years together.

Lands were taken under the pretext of public interest and then were given to builders for building luxurious houses.

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