People locked up their life’s savings and mortgaged their future freedom to banks believing they were getting a gilt-edged deal as the government itself had played a role in land acquisition.
True and one of the reason why , the trend has made home buying a fraught affair in the suburbs, as exemplified by the Noida Extension crisis that started two years ago.
There are many lands which are taken from farmers, in terms to make the land available for affordable housing but it has also laid a legal minefield with villagers increasingly going to court on the terms of compensation and the legality of land acquisition, sometimes years after the process is completed.