logo
20 years gone, Madhuban Bapudham plot allottees told to shell out lakhs

20 years gone, Madhuban Bapudham plot allottees told to shell out lakhs

Time of India5 hours ago

Ghaziabad: GDA has started sending notices to around 1,500 plot allottees in Madhuban Bapudham, asking them to pay additional charges following a court-mandated hike in land compensation to farmers.
Affected buyers now face an average additional cost of Rs 5,175 per sqm, that is Rs 5.17 lakh for a 100 sqm plot and Rs 15.5 lakh for larger plots up to 300 sqm. The plots were earlier sold to them at Rs 11,800 per sqm.
"In case an allottee is not able to pay the additional fee, they will have to surrender the plot, and the initial amount paid will be refunded by GDA. Those who wish to retain plots will be given the option to deposit the additional amount in four instalments," a GDA official told TOI.
Residents have expressed anger over the sudden burden, but the GDA said it was implementing the directive as ordered by the court and has no discretion in the matter. "This is an additional burden on allottees. Many of us have retired and have limited income sources, so managing the amount will be tough," Leeladhar, who bought land in the township. A residential plot scheme rolled out in 2004 near Delhi Meerut Road, Madhuban Bapudham spans over 1,231 hectares and has 2,570 plots under different categories: 254 MLA plots, 762 developed plots earmarked for farmers whose land was acquired, and 1,554 plots for other buyers who will now have to pay the additional fee.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Install the Perfect Pool at Home – Start Here
Backyard Pool | Search Ads
Learn More
Undo
over land belonging to five villages of Sadarpur, Mainapur, Naglapath, Yaqoobpur, and Morta.
In 2004, a group of farmers who had parted with their land (281 acres) in Sadarpur, Mainapur, Naglapath, Yaqoobpur and Morta villages challenged the Authority's land acquisition rates—farmers were offered between Rs 32 per sqm and Rs 123 per sqm for parting with their lands, but the developed plots were sold at Rs 11,800 per sqm.
Currently, the per unit cost of flats under group housing societies in Madhuban Bapudham scheme varies between Rs 50 lakh and Rs 65 lakh.
After they failed to get relief from the high court in 2008, the farmers moved the Supreme Court, which in Nov 2016 directed that revised compensation be paid as per the provisions of the Land Acquisition, Rehabilitation & Resettlement Act, 2013.
"GDA was forced to revisit land rates of plots after a group of farmers moved court demanding higher land compensation. To pay the enhanced compensation to the farmers, the GDA needed Rs 1,100 crore. So, it took a loan of Rs 800 crore. The Authority now intends to recover the remaining amount from plot buyers by loading the extra cost on them with retrospective effect," the official said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Qcomm's worker woes; Capillary's IPO moves
Qcomm's worker woes; Capillary's IPO moves

Time of India

time43 minutes ago

  • Time of India

Qcomm's worker woes; Capillary's IPO moves

Next Qcomm's worker woes; Capillary's IPO moves Want this newsletter delivered to your inbox? Also in the letter: Quick commerce players running out of delivery riders as demand shoots up Tell me more: Recruitment platform Vahan, which works with leading gig economy firms, confirms the pressure. Hiring is getting harder as 'manpower availability is not rising in proportion to demand.' Dark store managers echoed the concern. Several said they need more riders, with daily orders nearing 1,500. Quote, unquote: Ground reality ET spoke to delivery partners in Bengaluru and New Delhi, most of whom said that falling per-order payouts are making the job unsustainable. A Flipkart Minutes rider said promised referral bonuses aren't being honoured, pushing many to switch platforms for better pay. Harsh weather conditions are adding to the strain on operations. Also Read: Loyalty tech firm Capillary Tech files draft IPO papers; eyes Rs 430 crore via fresh issue IPO details: Fresh issue: Rs 430 crore. Rs 430 crore. Offer for sale: 18.3 million shares. 18.3 million shares. Promoter Capillary Technologies Pte, backed by Peak XV Partners and Avataar Venture Partners, will offload 14.2 million shares. JM Financial, IIFL Capital, and Nomura are book-running lead managers. Second attempt: Objectives: Cover its cloud infrastructure costs. Invest in product and platform R&D. Fund inorganic growth through acquisitions. The funds will be deployed between fiscal years 2026 and 2028. Foxconn plans to make iPhone enclosures in India Foxconn India footprint: iPhone assembly unit at Sriperumbudur, Tamil Nadu. New facility in Devanahalli, near Bengaluru. New AirPods assembly unit in Hyderabad. Progress so far: Quote, unquote: Tariff troubles: Applied Materials says Bengaluru chipmaking centre to rake in $2 billion Other Top Stories By Our Reporters Fresh exits at Krutrim: Groww to apply for corporate bond trading licence: AI, automation, geopolitics in focus at TCS AGM: Insurtech firm Renewbuy bags $10 million: Global Picks We Are Reading Happy Friday! Quick commerce platforms are facing challenges in hiring and retaining delivery drivers amid rising competition. This and more in today's ETtech Morning Dispatch.■ Foxconn expands in India■ Krutrim exits, layoffs■ Groww expands offeringsIndia's booming quick commerce sector is grappling with a critical operational challenge: hiring and retaining delivery partners . As demand for rapid deliveries surges, incumbents are scaling up and new players are joining the race. But recruitment has struggled to keep pace with growth.'Bikers are getting more demanding for all of us. It's becoming tough to hire and retain. These aren't good signs. It's reasonably acute, though not unmanageable yet,' said an executive at a quick commerce Reddy, founder, Capillary TechnologiesCustomer engagement and loyalty tech provider Capillary Technologies India has filed its draft red herring prospectus (DRHP) with Sebi for an initial public offering (IPO), joining a growing list of new-age companies eyeing the public company initially filed its DRHP in December 2021, but the proposal did not receive Sebi's nod. ET had first reported in November that Capillary Technologies was reviving its IPO plans and was aiming to file this Technologies will use the proceeds from the fresh issue to:Apple's largest supplier, Foxconn, is setting up a unit in Oragadam, Tamil Nadu, to manufacture iPhone enclosures, as ET first reported on September 25 last year. The move is part of the Taiwanese contract manufacturer's broader efforts to expand and diversify its operations in has commenced at the ESR Industrial Park in Oragadam, close to Foxconn's upcoming display module facility, according to one person aware of the developments."This gives Apple more leverage and also provides Foxconn with ease of integration and boosts value addition," said Neil Shah, vice president, Counterpoint Research. "This improves supply chain effectiveness for Foxconn as well as Apple."Apple is keen to move iPhone production to India to avoid potential US tariffs on Chinese-made devices. However, US President Donald Trump has threatened a 25% duty on devices made overseas. Despite this, Foxconn is pressing ahead with its expansion plans for Rengarajan, head of semiconductor products group, Applied Materials IndiaAmerican chip equipment manufacturer Applied Materials plans to establish a chip manufacturing centre in Bengaluru for $400 million over four years, Suraj Rengarajan, managing director at Applied Materials India, told ET. The company expects the plant to attract investments up to $2 Aggarwal, founder, KrutrimThree senior executives heading engineering and AI product execution at Bhavish Aggarwal's Krutrim have left , as the company laid off over a dozen people from their linguist teams across multiple languages early this week, sources familiar with the matter told Groww is planning to seek Sebi's approval to offer trading in corporate bonds through its mobile application, according to two people in the Consultancy Services (TCS) will focus on four strategic pillars: establishing a large pool of AI agents to work alongside the human workforce, delivering solutions for a human-plus-AI model, investing in AI data centres, and partnerships, said director Keki Mistry during the company's 30th annual general meeting (AGM).Insurance broking startup Renewbuy has secured $10 million (approximately Rs 86 crore) in a funding round from its existing investors, London-based Apis Partners and 360 One (previously IIFL Wealth).■ How much energy does AI use? The people who know aren't saying ( Wired ■ Samsung is desperate to compete on chips. Workers say it comes at a cost. ( Rest of World ■ I tried the future of smart glasses at WWDC. They weren't made by Apple ( CNET

Govt keen on promoting farm mechanisation
Govt keen on promoting farm mechanisation

Hans India

timean hour ago

  • Hans India

Govt keen on promoting farm mechanisation

Nellore: Scarcity agriculture labourers when the farm operations are picking up is giving impetus to farm mechanisation in the district. Shortage of labourers, apparently due to majority of them taking up works under National Rural Employment Guarantee Scheme (NREGS) is forcing more farmers to adopt farm machinery. According to sources, around five lakh farmers in the district have taken up paddy cultivation in about five lakh acres during the monsoon season. Famers observe that thousands of labourers migrated to other States as house construction workers, coupled with introduction of NREGS, lack of laborers has become a huge problem as majority of them are preferring to take up works under the job scheme than working in the fields. To overcome this problem, the State government is proposed to sanction nine varieties of instruments like rotators, cultivators, mould board ploughs, seed-cum-fertiliser drills mini tractors, inter cultivators, plant protectors etc. These instruments would be provided under cultivation budget, Rastriya Vikas Yojana, at 70 percent subsidy. Apart from this, 50 percent subsidy would be provided by the Central government while 20 per cent will be provided by the State government. As part of this initiative, district Collector O Anand has distributed 142 types of various farm instruments worth Rs 6.8 crore under farm mechanisation scheme at a programme at Acharya NG Ranga Agriculture University and Agriculture Research Station (ARS) in Muthukuru Road in the city on Thursday. Speaking on the occasion, Collector Anand has said the aim of the government in encouraging farm mechanisation is to ease the farmers from the burden of labour and securing better profits with less investments. District Agriculture Officer P Satyavani has said under these schemes farmers should farm groups to purchase heavy instruments like paddy translators, harvesters, power weeders, brush cutters etc as the government is keen on providing farm instruments at very low cost offering subsidies in a big way.

Canada Post reaches deal with rural union after 18-month standoff as talks stall with 55,000 CUPW workers
Canada Post reaches deal with rural union after 18-month standoff as talks stall with 55,000 CUPW workers

Time of India

timean hour ago

  • Time of India

Canada Post reaches deal with rural union after 18-month standoff as talks stall with 55,000 CUPW workers

After 18 months of tense negotiations, Canada Post has reached an agreement with its second-largest union, which represents roughly 8,500 members, bringing much-needed relief to rural postmasters and assistants across the country. Yet the larger and more fraught negotiations continue with the Canadian Union of Postal Workers ( CUPW ), which represents 55,000 urban and rural mail carriers. The latest contract by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read Now Undo The freshly inked contract with the Canadian Postmasters and Assistants Association (CPAA) runs from January 1, 2024, to Dec 31, 2026. It guarantees an 11 percent wage increase over three years, divided as 6 percent in the first year, 3 percent in 2025, and 2 percent in 2026, with full retroactive application to January 2024. CPAA members, representing 8500 members and largely based in rural communities, say the raise recognizes the unique challenges they face, including isolation, limited resources, and underused offices that remain vital lifelines in their towns. Live Events 'This means I can think about repairs or extending hours without fretting about finances,' says rural postmaster Rachel Dalton, who oversees a post office in northern Ontario. 'It may not sound glamorous, but for our community, it matters.' Canada Post credits progress to intervention from a federal arbitrator, which centered on a stern Industrial Inquiry Commission report outlining the corporation's financial pressures . Still, that same report also guided discussions with CUPW. Canada Post formally requested last month that CUPW members vote on its final offer under Section 108.1 of the Canada Labour Code. Tensions remain high. CUPW has imposed an overtime ban since May 23, citing stalled talks as their reason. Urban mail carriers report mounting stress: slower deliveries, weekend backlogs, and surging public frustration. Canada Post reports losses of over $1 billion since 2018, including $4.9 billion in labor costs vs $6.9 billion in revenue in 2023. With parcel delivery costs topping benchmarks, the corporation insists it can't afford unsustainable wage hikes.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store