Two High Courts have reached opposite conclusions on the issue of taxing compensation received by people whose land is acquired under different statutes. It’s now the legislature’s duty to clarify the position and mitigate the feeling of being hard done-by
The land parcel is expected to have a saleable area of 5.42 lakh square feet, with a gross development value of around Rs 700 crore, Puravankara has said
One of the plots meant for group housing is on the Golf Course Road and the other in Sector 39, close to the Delhi-Jaipur highway
According to the officials, of the total 6,065 hectares, 4,076 hectares will be acquired through land acquisition process and 1,609 hectares will be purchased directly from farmers through mutual agreement while 380 hectares will be reclaimed as it is the government land.
Yamuna Expressway Authority will develop a multimodal logistics park near Noida airport in Tappal region. A total of 950 hectares has been earmarked for the logistics park but the first phase of the project will be developed in 200-hectares of land.
This deals marks Oberoi Realty’s foray into Delhi NCR. According to real estate sources, the company is planning to develop a luxury group housing project on this land. The development potential of the land is estimated to be around 2.6 million square feet.
The Yamuna Expressway Authority will acquire the land from 40 villages including Tappal-Bajna (771 hectares), Karauli Bangar (250 hectares), Muradgarhi (336 hectares), Rabupura (994 hectares), Tirthali (479 hectares), Mayana (252 hectares), Kallupura (218 hectares) and Mudrah (290 hectares) among others.
The Maharashtra State Road Development Corporation is looking to acquire around 40-48 hectares of land across four locations for the construction of amenities like restaurants, auto workshops, toilets, fuel stations, etc.
The airport is expected to open in September 2024. The airport’s proximity to the Yamuna Expressway will facilitate tourist travel to Agra, Mathura, and Vrindavan, as also boost industry in the area.