…And justice for the farmers
tion, he can’t take any policy decision. So nothing will happen till after the general elections,” adds the investor.
Far mers and their l eaders who claim to be the aggrieved parties as the authority has acquired their land have reason to protest. They argue that in 2007 the Authority took land from them at 800 per sq mt and in 2008 it allotted to the homebuyers in sectors 18 and 20 at 4,750 per sq mt. “Isn’t it unjust? We demand that the authority give us 60% of the cost at which it sells our property to private developers and homebuyers. We will continue to fight till we get justice,” says Manveer Singh Tevatia, a farmer leader.
“The farmers are also divided on political lines and even if one section of farmers agrees to accept the 64.7% of hiked compensation, the other section supported by another political party will come in the way of a peaceful resolution. So unless the Allahabad High Court comes out with a ruling which will be binding on every party, out-of-court settlements will not help,” says a local broker.
So should you invest here? Experts say t his i s t he right t i me t o do a buy property around the Yamuna Expressway as prices are not appreciating for two reasons – one, there is a slump in the realty market and, second, there are legal disputes related to land parcels in the area.“Once the government accepts the proposal to hike the compensation by 64.7%, the land prices are expected to shoot up because most of the farmers are likely to accept the compensation. A small percentage of farmers who will remain dissatisfied will continue to fight the legal battle, but that is not likely to hamper the development work here,” says a local broker.