On the dusty roads of Noida Extension, property brokers are fast asleep or are playing with mobile phones in their tents. This wasn’t the case last year when tents sprung up everywhere to announce the latest destination for affordable housing. Today, many of the tents are gone. In those that remain, brokers wait haplessly for prospective buyers to arrive and enquire about an upcoming property.
Spotting a Maruti 800, Sanjay Yadav, working for Sang Real Estate Solutions, rushes from his chair with the brochure of a housing project, which is in Haibatpur village. Some from the village, taking heart from the Supreme Court verdict that struck down state acquisition of farm land in Shahberi, have also decided to move the Allahabad High Court.
From their car, an elderly lawyer and his wife enquire about the fate of the housing project. Yadav tries to allay their fears. He tells them that he is from the same village and knows what its residents want. “We have been given 100 per cent compensation... It is unlikely that there will be a stay on the Haibatpur projects. And if a stay does come, all that villagers will possibly ask for is a slight increase in compensation.” Read More
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