Noida housing projects reserve plots for over 350 farmers

09 Feb 2024 CW Team

The Noida Authority has made the decision to assign residential plots to more than 350 farmers in various sectors, following its existing policy that provides 5% residential plots. A total of 268 plots will be designated in Sector 146, with 42 plots in Sector 43, and an additional 42 plots distributed across various sectors.

This decision has been prompted by the ongoing protests from farmers who are currently demanding 10% of abadi plots in return for the land that was acquired from them.

Initially, the Authority had planned to allocate land parcels to group housing projects in Sector 146. However, this plan was abandoned due to the protests by farmers, who pointed out the Authority's failure to provide residential plots as per the guidelines. The current decision is aimed at meeting the longstanding demand of farmers from more than 10 villages.

As per the Authority's guidelines, 5% of the total acquired land is designated for affected farmers as part of rehabilitation initiatives. In cases where farmers are unable to receive residential plots, they have the option to choose monetary compensation, which amounts to Rs 22,000 per square meter.

The Authority's procedure involves initially attempting to allocate plots in villages or sectors located within a 3km radius of the farmer's village. If land is not available in these areas, plots are then allotted in other sectors.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..