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After a long agitation of Farmers, the Greater Noida Authority has finally managed to strike deal with the farmers of Patwari village by hiking compensation for them by Rs. 550 per sq metre.The farmers were earlier given Rs. 850 per sq metre.
“They will also get 8% of the developed land back instead of 6%,” said Rama Raman, CEO of the Greater Noida Authority.
The extra burden of Rs. 550 per sq metre will have to be paid by all allotters of the land, including developers & individual plot owners after the court’s final judgment.
Officials have acquired more than 3600 hectares of land in and around 10 villages to build the five-kilometre circuit, with seating for 150,000 spectators.
It has cost more than £200 million ($303 million) to acquire the site and build the venue, but villagers say the construction firms have profited from their land.
Virender Tada, a local farmers' leader, said many had their land seized and received £11.65 per square metre in compensation.
Builders later sold on the same land for £70.78 per square metre, he said.This acquisition of land was challenged by famers of village near Noida Extension.
The supreme court in May had upheld an Allahabad High Court order, which had upheld quashed the acquisition of land.
On July 19, the Allahabad High Court had quashed the acquisition of land; ask the state government to return the land to framers.
Later, the court gave an option to the Greater Noida Authority & farmers in Patwari village for an out-of-court settlement in the land acquisition issue by August 12.
The Court will hear the case of Patwari Village & other cases in the area together on August 17.
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