YEIDA Authority is getting ready to hand over possession of more than 6000 residential plots and flats in the next three months. Some 3055 allottees have already been issued possession letters by authority in January and February this year. 6,029 plots and flats will located in sectors 18, 20, 22A and 22D. While 435 plots will be handed over in pockets 2A and 2C in Sector 18, 666 plots will be handed over in pockets O and Q in Sector 20. 900 plots will also be given in Sector 22D, while 4,028 flats will be handed over in Sector 22A. They had given possession to 55 allottees holding plots measuring 400 metres in pockets A and B of Sector 20. Elaborating on the plots already allotted. “3,000 plots of 300 metres and 500 metres have also been given to allottees in pockets I and J of Sector 18 and in pockets U and T in Sector 20.”
In principle, approved the distribution of Rs 65 crore as enhanced compensation to farmers whose land had been acquired within another month.
According to YEIDA officials, allottees are facing a delay in securing possession of their plots due to farmer agitations.
Farmers from over 77 villages in the area have been agitating for a hiked compensation of 64.7% for their acquired land. In August 2014, the Uttar Pradesh government had directed YEIDA to pay enhanced compensation to farmers.
YEIDA (Yamuna Expressway Industrial Development Authority) has finally initiated offering possessions letters to plot allottees under residential plot scheme 2009. The first lot of 55 allottees has been issued possession letters by the Authority. Another 1600 plots owners will be handed over possession by mid-2017, another 4800 will receive possession next year.
Firstly, 55 plots, twenty owners of 4,000 square meter plots and thirty-five owners of 2,000 square meter plots in Yamuna Expressway. Authority is trying to hand over possession of 1633 plots, these plots measure 300 and 500 square meters and are located in 18 and 20 sector. Allottees are facing a delay in getting possession of their plots due to farmer agitations. Farmers of nearly 77 villages in the area have been agitating for a hiked compensation which is approved by state government in 2014.
YEIDA indicated about Rs 300 crore has already paid to farmers for land in sector 20 of the YEIDA area. The Authority is in the process of taking over possession of sector 18, which has nearly 7000 allotted plots. As and when acquisition and development of the plots are completed, the allottees will be handed over the possession of the same.
January 9, 2017 /
by Shweta Dixit
/ in demonetisation
, real estate news
, Real Estate News
, Realty Updates
, residential plots