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Situation correctly analysed; I entirely agree with Mr. Desai. These are authorised mafias, with official stamp and power in thier favor, drunk with power. The intoxication of power is much more powerful than the one provided by a strong dose of alcohol or wine (since the latter comes down after a good sleep) as pointed by poet Basava of Karnataka of the twelfth century.Whatever Mr. Desai has stated is not only happening in Noida, but in other states too like Andhra Pradesh. I have read a report in the papers that real estate prices, and prices of even residential apartments have sky rocketted in Hyderabad for exactly the same reasons as pointed out by Mr.Desai. There is opposition to the creation of SEZs in W.Bengal too.

— tbdev

Sir,

For your kind information, here is an analysis, from a well

known source.

Hope you get to read fully, as you may own a place there as

well...

Noida / Greater-noida areas are witnessing a drastic drop in

old price, currently and same potentially in the future, as:

1-

SEZ's -

Local regimes are buying off HUGE tracts of land from farmers.

How? By banning the farmers from selling to anyone else,

except to the regime in question, by invoking 'Security' and

other words in their new rules

Then the same regimes are selling off HUGE PERCENTAGES of

their respective States, by directing dealing with MNC's and

big money holders.

Next, with this kind of money power, MNC's can build big

properties very cheap, due to their economies of scale.

A layman's view to this is:
- you buy 10 bags of cement from the shop, & pay say Rs. 100.
- but MNC buys 10,000 bags of cement direct from the factory,

then they pay say Rs. 50 or even less!

So basically, what is their aim??

a- buy real cheap, HUGE TRACTS OF LAND, by working

hand-in-hand and/or behind the scenes, with the local

authorities, and paying out, virtually pennies on the dollar,

b- build real cheap: buy cement, steel, labor, real dirt

cheap, due to the above detailed layman's view, or whats

commonly known as economies of scale.

Maybe even import containers of cheaper inventory, thereby

eliminating the local shops and factories altogether.

Use the cheap labor and inventory, to build huge properties,

of the scale, which are previously unknown to India.

c- sell the new properties, with huge advertisements, compared

to the poor individual builder/dalal

d- In any case, they stand to reap large profits from india's

lands, and then they route the same, back to their respective

countries of origin.

And what about end-user's property? It's price could literally

collapse, given the huge new supply of properties, created by

MNC's in the market !

2-
Recent events like NITHARI and criminal acts causing

potentially dangerous scenarios for noida areas, as regards

the safety and security of fathers, mothers and boys and girls

alike,

3-
Witness a somewhat exodus of curent and potential families

with children from there, towards other areas like hariyana,

gurgaon, faridabad, ghaziabad, delhi, punjab, etc, as they are

not too far to their jobs/schools, by well-connected

road/metro/train,

4-
Political situation there is highly unstable, per experts

views, and knowing of elections in near future, one cannot say

what will happen.

As seen in the past, changes after elections caused immense

hardships to the end-users.

They keep changing the laws and regulations, read, changing

the goal-posts (or keep moving the wickets, as we say in

cricket terms) which do make big bucks for the regime of the

day, that then exists.

But in return, cause lots of problems to the local end-users

and some unfortunate dalal's/builders.

5-
Dalal's buy form end-users, by comunicating with end owners,

making big promises, then taking off all legal papers from end

owners, and paying just 10%-20% of the market price.

Then dalal's keeping end owners on hold for months and in some

cases years for the balance amounts, till a time when these

real owners get tired of running in courts and between all

sorts of lawyers.

Finally, the same working end owners then settle for very low

amounts and complete the sale to the dalal's, and very low

prices.

So they basically lose big time, not only on the dalal's

agreed to price, but, also months and even years of their

valuable lives' time.

6-
The actual requirement of the daily-working people is low, so

construction of houses was originally at a slow pace.

Now the authorities are forcing in legal clauses, to deadline

the people into constructing houses, by so and so dates.

But even such newly built houses would then be actually empty,

with nobody staying in them.

Then dalal's again come into the picture, with the same old

formula: sell the earlier bare-plots, as, now

plots-with-brand-spanking-new-houses.

7-
If you visited the area well, then you know that, the new

upcoming areas of noida/g-noida are vast, with huge tracts of

land being thrown up for development by the relevant

authorities, despite the low actual requirement by the

end-users, thus these maybe primarily for dalal's/builders,

8-
Huge numbers of these owners are actually dalal's/builders,

who are trying to "hoard" land, and create a monopoly, to pull

out big bucks from any potential real end-users/buyers,

So now, sir, where do you stand?? think !

Regards....

—

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