In a bid to amplify the infrastructure projects in Uttar Pradesh, the state cabinet has nodded for Noida, Greater Noida and Yamuna Expressway Industrial Development Authority (YEIDA) for purchasing lands directly from farmers. By approving the proposal last month, the UP Government significantly tweaked the land acquisition norms of the three areas.
The lands will be accumulated for development across all categories of land like residential, industrial, institutional and commercial segments, said the officials. This will enable farmers to get a much higher rate of compensation and reduces the number of disputes in court, which has been slowing down the real estate sector.
According to the government order last year, the authorities needed to adopt a lengthy procedure for land acquisition. It required the nod of a committee, comprising of district collector and commissioner to pursue land buying from farmers. This, according to the authority would cause delay in setting up the infrastructure projects and other developments.
When asked questions about the land acquisition rates, the authorities revealed that the land within the industrial townships will be acquired at double prevailing circle rates, adding that lands outside the township will be acquired at four times the prevailing circle rates. Authorities expect the move to discourage farmers from selling land to private owners, thereby leading to unauthorized colonies.