Ghaziabad: GDA to recover costs from builders if HC upholds land compensation hike

Dated on: Tuesday 6th June 2023

The Ghaziabad Development Authority (GDA) is potentially facing a significant financial obligation as it may be required to pay an enhanced land compensation amount ranging from Rs 1,000 to 1,200 crore to farmers. This compensation pertains to the acquisition of 1,748 acres of land between 1986 and 1989 for the development of the Indirapuram and Vaishali housing schemes. On July 12, the Allahabad High Court is scheduled to hear the GDA's review petition challenging the court's previous decision in 2017, which set the higher land compensation rate at Rs 297 per square yard.