India property Prices Set to Rise in Noida, Greater Noida Cities, farmers are paid more

In Indian,  lands in Noida and Greater Noida will make houses costlier in both cities. Out of 55 villages in Noida, 40 have been agitating for plots for years. So, more land is still required. There will be no land left for allotment to developers.

Demand for land is continuously  increasing; land prices are go up. Apart from 10,000 odd farmers who are seeking developed land plots, about 4,500 farmers in 10 villages of Noida, whose land was acquired before 1997 have also launched an agitation.

 In order to meet the demand the option of raising floor area ratio that allows construction of big buildings. But this alone can not  solve the problems. The land  prices have to go up.

In Greater Noida, the situation is vary. Here, two court decisions have quashed forcible acquisition of about 750 hectares of land in two villages. Other villages have also moved court.

The process of out of court settlement  is on. If the farmers are paid more, land prices automatically will go up. If there is no out of court settlement, land has to be reacquired under the state’s new acquisition policy, which leaves less saleable land.

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