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SC ruling against Gurgaon builders, indicts Hooda

The Supreme Court heavily came down on the previous Hooda-led Congress Government in Haryana for a 1500 cr land acquisition fraud and restored the scrapped acquisition of 688 acres of land in Gurgaon. The SC decision will affect the corrupt builders who, in cahoots with government functionaries, illegally acquired the land. The case involved the state industries department issuing a notification about the government’s decision to acquire land in Gurgaon which later was withdrawn. This led to builders amassing a fortune as the notification triggered distress sale to builders who promptly stepped in to offer rates higher than what the farmers would have got as compensation. The builders forced the land owners to sell 400 acres at a throwaway price of Rs 100 crore, while the market price of Rs 1,600 crore.
The bench severely indicted the builder-Hooda government nexus and ordered that the 688 acres of land, which was notified to be acquired but was later scrapped, is now deemed to have been acquired by the Haryana State Industrial Development Corporation (HSIDC) and Haryana Urban Development Authority (HUDA). The builders will get interest-free refund from the government at the rate at which they had purchased the land from the farmers and the amount they had invested to develop the land. The land owners who lost land would be entitled to initiate proceedings for enhanced compensation that is over and above the price for which they had sold their land to builders. Any extra compensation decided by the trial court would be paid by the State Government.