#RealtyNewsRoundUp: Unsold Flats In Noida May Be Given To Agitating Farmers

The unsold inventory lying with Noida builders might be given to farmers as compensation, if the suggestions of the Noida district magistrate are accepted by the Uttar Pradesh government. According to a media report, in a letter to the state chief secretary, DM BN Singh has suggested that the three development bodies in the region — the Noida Authority, the Greater Noida Authority and the Yamuna Express Industrial Development Authority (YEIDA) — should use of the unsold flats and commercial establishment of developers to compensate farmers who have been staging frequent agitations owning to a long delay in compensation.

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The Delhi Metro Network will be starting operations on the Pink Line between Majlis Park-Durgabhai Deshmukh South Campus this week. The commissioner for the Metro Rail Safety has completed the inspection of the 20.6-km section of the line. The start of the line will connect north and northwest part of the city with the southern part of the city and reduce travel time for residents of west and north Delhi to the airport.

Meanwhile, the Noida Metro Rail Corporation (NMRC) is set to begin trials on its 30-km Noida-Greater Noida Metro link in April as the Uttar Pradesh Power Transmission Corporation Limited has started supplying required power to this project.

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Residents of several sectors in Greater Noida have complained about increasing monkey menace in their areas. Nearly 30 cases of monkeys attacking people have been reported in Sectors Alpha 1, Gama 1, Gama 2, Swarn Nagri, Beta 1 and Beta 2 over the past few months. The residents have made several complaints to the Greater Noida Industrial Development Authority about the matter, but no action has been taken so far.

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The Municipal Corporation of Faridabad has issued six letters of intent to farmhouses that have come up in the Faridabad Aravalis categorised as ‘forest’ in government records. These farmhouses and banquet halls also fall in the ‘natural conservation zone’ as defined in the NCR’s regional plan 2021 that lays down strict restrictions on constructions prohibits land-use change. While the municipal corporation has said that these permissions are not final, and that LOIs are subject to fulfillment of terms and conditions.

Source: Media reports