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Home buyers fear builders will transfer extra land cost

Builders in area also welcomed the judgment and said they hoped this would also end further disputes regarding land.

By: Express News Service | New Delhi |
May 15, 2015 2:19:32 am
SC, Supreme Court, builder, delhi builders, indian farmer, land acquisition, housing project, delhi news, local news, city news, Indian Express This order will enable unlocking value for all stakeholders and help customers and developers redeem their capital.

The Supreme Court’s decision to end the uncertainty regarding the fate of hundreds of home-buyers in Noida Extension has come as a timely relief but those waiting for their flats said the next battle for them was to ensure that builders don’t transfer the burden of paying additional compensation to farmers to them. The affected farmers in about 65 villages, meanwhile, said they will approach the apex court for a review of its order.

“The judgment is a breath of fresh air. We were always optimistic and almost sure that the judgment will be in our favour because all the foundation work makes the land barren and unfit for farming,” said Shweta Bharti, general secretary of Noida Extension Flat Owners Association.

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She said that transferring the burden of the extra compensation to buyers will be unfair. “In the name of farmer compensation, labour welfare and water connection, charges have been increased. Noida Extension was supposed to offer affordable housing. We can’t pay additional Rs 2 lakh. We will fight this in the court,” she said.

Meanwhile, farmers in the Noida Extension area voiced their unhappiness regarding the order and said they would be looking for legal options to have the order reviewed. Kisan Sangharsh Samiti president Manveer Bhati said, “We will be holding a mahapanchayat in Noida Extension and all village elders from the villages affected by this order will be attending it. We wish to appeal the order.”

Builders in the area also welcomed the judgment and said they hoped this would also end further disputes regarding land. “There was a cloud of uncertainty looming over the real estate sector for the last couple of years due to multiple cases over land acquisition in Greater Noida. All of these have been settled by today’s order,” said R.K Arora, Chairman of Supertech.

“This order will enable unlocking value for all stakeholders and help customers and developers redeem their capital,” said Manoj Gaur, president of Confederation of Real Estate Developers Associations.

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