In another jolt to Noida Extension builders, the Allahabad High Court on Tuesday annulled the land acquisition of Patwari and Dewla villages.
The high court quashed acquisition of 589 hectares of land in the Greater Noida for Industrial development.
Around two lakh residential units in the price band of Rs 10-35 lakh are going to be affected due to this judgment. These were either in the stage of under construction or in the stage of planning. The ruling could also have wider implications as it could affect investor/buyer sentiments.
The project of affected builders are Supertech, Amrapali, Ajnara, Arihant, and Patel.
On July 7, 2011, the Supreme Court had quashed the acquisition of 157 hectares of agricultural land to build luxury flats in the Noida Extension area in the National Capital Region.
Earlier, the Allahabad High Court on May 30 quashed the acquisition of 170 hectares of land at Gulistan village in Greater Noida for industrial development.
The order was passed by a division bench comprising Justice Sunil Ambawani and Justice Kashi Nath Pandey on a petition filed by landowners and farmers challenging the government notification for land acquisition issued on September 5, 2007 under section 4 of the Land Acquisition Act depriving the aggrieved persons of filing their objections on the ground that the matter was urgent.
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