Plot Buyers & Investors are happy by the announcement of YEIDA ,to have possession by next year July.

Arvind, Gurgaon

25th November 2014

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Replies (2)

Hi Arvind,

As per my knowledge, farmers who withdraw their legal petitions get the hiked compensation. YEIDA authority had notified and acquired 40 villages in the first phase. And there are some pending issues are with the farmers. Now authority are taking up farmers issues phase-wise. In the first phase they have entertained issues of Raunija and Nilauni Shahpur.

Ishika, Gurgaon

25th November 2014

Comment

There are some misleading informations are floating in the market that the authority has to pay, four times compensation to the farmers, however the new land acquisition act will be implemented in those cases in which the authority has acquired after January 1, 2014. Till now YEIDA authority has distributed around 15 to 20 crore to farmers & have taken possession of around 54 hectors.

Seekha, Gurgaon

25th November 2014

Hi Arvind,
There is good news for buyers of plots ,investors along the Yamuna Expressway as the Yamuna Industrial Development Authority (YEIDA) announced on November 21 that 21,000 allottees will get possession by July next year. After long waiting & many farmers issues , YEIDA has finally announced this news.

Arun, Gurgaon

25th November 2014

Comment

The size of the plots ranges from 300 sqm to 4,000 sqm in sectors 18 and 20. The plots were put up for sale in the year 2009. But it faced several delays, however, as farmers from 77 villages, whose lands were acquired, demanded higher compensation. The plots were then priced at Rs 4,750 per sqm and were allotted through a lucky draw.

Meenakshi, Gurgaon

25th November 2014

In August this year, the Uttar Pradesh government directed YEIDA to pay an enhanced compensation of 64.7% to the farmers. Earlier this month, YEIDA disbursed an enhanced compensation, by distributing cheques worth Rs 2.89 crore to farmers and took the possession of the land. Officials said they held camps to expedite the process.

Johnathan, Gurgaon

25th November 2014