Allottees want YEIDA to roll back additional land premium

GREATER NOIDA: Industrial allottees who had purchased land near the Yamuna
Expressway have recently written to the local development authority to rollback an additional
amount it had added to the land premium to pay up farmers.
In December last year, the Yamuna Expressway Industrial Development Authority (YEIDA) had
asked industrial plot allottees, who applied for its one-time settlement scheme, to pay a “no
litigation incentive” along with the adjusted premium.
The “incentive” was being charged by YEIDA for the 64.7% additional compensation it had to
pay to convince the farmers who had parted with their land off the Yamuna Expressway to
withdraw a court case and accept an “out-of-court” settlement.

Being coaxed to pay up dues till December 31 last year, hundreds of allottees, who have been
given land in Sectors 32 and 33, sent individual letters to the YEIDA to reconsider its decision of
levying additional money on the land premium to pay up farmers.