The Allahabad High Court struck down acquisition of over 150 hectares of land in Chak-Sahberi village at Greater Noida (dubbed Noida Extension by builders). For the large cluster of housing projects in this area, there seems to be no end to the uncertainty looming over the fate of these projects. If anything, worry lines have deepened with each passing day.
Builders are attempting to put up a brave face to the crisis – some claim the worst is over and that market is getting back on its feet. Others shrug off downcast sentiments as a temporary blip. But brokers and property agents have a different story to tell. A site visit reveals just how unnerved the market is.
Photo & full article directlink: Business Line : Features / Investment World : Land row aftershocks hit Noida
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