The builder’s bulldozer

July 26 2011

The PIL in the court regarding the land in Greater Noida has the builder group apart from the Congress involved. The group is said to be close to the chief minister. The court’s bulldozer on the builders just before the UP elections seems to have created havoc in the political echelons. One lakh flats have been canceled after the court’s orders and more than 5,000 hectares land has been freed. The farmers are ecstatic and are telling the builders to buy land from them but the real estate prices are soaring sky-high and the builders’ coffers are empty. What can the poor builder do, how do they buy the land and return money to the investors?

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