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Over 500 farmers on Wednesday approached the district authorities seeking return of land sold to Anil Ambani-controlled Reliance [ Get Quote ] Power, but expressed inability to repay the compensation in one-go, a government official said. The farmers’ claim follows the High Court order that quashed a portion of the state government’s 2004 notification for purchase of land for Reliance Power’s Dadri power plant. “As many as 566 farmers have applied today… we are yet to calculate the quantum of land claimed by them, but it could be around 600-700 acres… the process will continue till January 18,” Additional District Magistrate (Finance) Sarvajeet Ram told PTI over phone. The farmers wanted the repay the compensation amount in instalments, saying they had spent the money, Ram said, but added there was no specific direction in the December four Allahabad High Court order about instalments and a view would have to be taken by the administration. Reliance Power has since filed a special leave petition in the Supreme Court, appealing against the High Court order. A Reliance Power spokesperson said the matter is before Supreme Court and is sub-judice and declined to comment. The Anil Ambani [ Images ] group company had acquired 2,200 acres of land for the Rs 10,000 crore (Rs 100 billion) project. Appearing for the farmers, advocate Ashish Pratap Singh claimed that he filed the objections on behalf of 1,500 farmers before the Additional District Magistrate Sarvajeet Ram and requested him for time for return of the compensation amount. Source- Rediff.com MUMBAI: A property exhibition at Navi Mumbai not only drew in huge crowds but also did big business—about 5,000 flats were sold in three Initially, most Navi Mumbai builders were reluctant to participate in the three-day exhibition because of the recession. By Monday, they were buoyed by the unexpected response. “According to rough estimates, the overall transactions were well over Rs 1,000 crore,’’ said Suresh Haware, chief of the Maharashtrian Builders Forum. “We are still in the process of calculating the number of flats sold. But it was most likely over 5000.’’ A senior office-bearer of the Builders Association of Navi Mumbai said over one lakh people visited the 3-day property exhibition, while 60 builders from Navi Mumbai, Mumbai, Thane and neighbouring areas exhibited their properties. Last year, the response was very poor as the exhibition was held just after the terror attack on November 26. The builders found that there was more demand for flats in Kharghar, Panvel, Khandeshwar and Kamothe. Besides flats, there was a huge demand for shops too. “Surprisingly, we found that there were no takers for big flats—as a result, very few flats of 3,000 sq ft or more were sold. Flats between 600 and 800 sq ft were the most in demand,’’ Haware said. He and the other builders’ optimistic reading of the response to the fair is that the recession in the real estate sector is coming to an end. Ghaziabad Development Authority has announced another round of Madhuban-Bapudham Residential plots and flats scheme. It is an idea of the Ghaziabad Development authority and the Government of Uttar Pradesh, to makes the dreams of own house come true for the middle and lower class section. The reservation category (as recognized by the state Government), if selected in the draw, will have an attractive registration fee which is only half the amount general category applicants pay. Ghaziabad is the fastest growing city in the NCR with a reach of just a 20 minute drive from Delhi, 15 minute drive from Noida. The city has top class medical facilities, has many well recognized educational institutions and is largely pollution free. 60 sq mt (Area) – 50 (number of plots) – Rs.7,78,800 (Cost of plot) 90 sq mt – 100 – Rs.11,68,200 150 sq mt – 50 – Rs.19,47,000 200 sq mt – 50 – Rs.25,96,000 450 sq mt – 25 – Rs.58,41,000 (1 sq mt = 10.76 sft) The registration fee is 5% of the total cost of the plot (plus Rs.50) for applicants under reserved category and is 10% of the total cost (plus Rs.50) for all other applicants. Interested people can get the application forms at Rs.1100 from recognized branches of Vijaya bank/Punjab National Bank/Central bank of India inUttar Pradesh. The scheme open on 15 January 2010 and closes on 15 February 2010. After filling the applications with full details, they can be deposited/submitted at the same bank branch. The draw is likely to be held in the month of June 2010. Source – Siraj.com |
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