Ghaziabad Development Authority: GDA to reclaim land for Indirapuram extension and sell for Rs 1,000 crore | Ghaziabad News

GHAZIABAD: The cash-strapped Ghaziabad Development Authority (GDA) is eyeing 60 acres of land in Indirapuram to boost its coffers. The land parcel was a part of the Indirapuram Extension Project, which had to be put on the back burner due to issues related to compensation to farmers. However, the development authority has now reclaimed the land and plans to auction it under commercial and residential categories. That could fetch the authority over Rs 1,000 crore, officials said. “GDA is working on selling and auctioning its properties and has properties worth Rs 1,000 crore in Indirapuram. If we realize even half of that, it will fill our coffers. Indirapuram Ext. The project is also among the properties that the development authority is trying to monetise,” said a GDA official. The Indirapuram Extension Scheme launched in 2004 includes about 92 hectares of land in Mohiuddinpur Kanwani village, for which farmers were compensated. 1,100 per square meter rate. In 2005, 225 farmers who owned about 35 hectares of land obtained an injunction from the Allahabad High Court on increased compensation. Consequently, the GDA could not take possession of the parcel of land and the project has since been defunct. The Act mandated that landlords be compensated four times the market value. With its introduction, the project became financially unviable and, in 2019, the GDA wrote to the state government seeking de-notification of the remaining 35 hectares of land. The format of an order of the Supreme Court involving the Ayodhya Development Authority. “The court, in its order dated May 2022, said that any issue relating to compensation for land that was initiated before the Land Acquisition Act, 2014 came into existence, should be dealt with on the pre-2014 land values. Regardless of the fact that there is no talk of land prices being acquired or not,” the official explained. The GDA has now written to the state government to withdraw the de-notification request from 2019.

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