"Besides Rs 2,640 per sq meter solatium or no litigation bonus of Rs 1,320 per sq meter will also be given.
"If farmers do not want 5 per cent developed land, they will get additional compensation of Rs 1,100 per square meter. If farmer sells land under this option total compensation of land calculates to Rs 5,060 per square meter," Noida, Greater Noida and Yamuna Expressway Authorities Chairman Rama Raman said.
Other proposals approved by board included modernisation and expansion of existing post mortem house at sector 94A.
The Board has also approved the plan for regulation of rickshaws in the city. Uttar Pradesh industrial city traffic rickshaw control regulations 2014 was proposed for regulation of rickshaws in the city.
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Board also approved Hawkers control regulations 2014 for planned and disciplined control over the hawkers in the city. Vending and non vending zones will be identified and planned system developed so that vendors get livelihood without causing traffic snarls in the city. Presently road side vendors are major cause of traffic snarls.
If farmer do not want developed land then land compensation would be hiked by Rs 1,000 per sq meter. Total land compensation in that case would be Rs 3,500/ sq meter.
Further, GNIDA board approved payment of hiked compensation to farmers whose land was purchased directly. Sirsa and other villges where land was acquired after 1 April 2007 farmers will get the difference and hiked compensation on that amount.