renegotiate with the authority under the new acquisition policy and it must be implemented immediately said vikram singh kasana a farmer leader under the new acquisition policy farmers who dont wish to claim the compensation in cash will have an option of 16 plus 7 for pustaini ancestral land of the total area of the acquired land to be given back free of cost after development such land would be transferable fifty per cent of the developed land given to the landowner would be earmarked for residential use and 50 for nonresidential use like industrial institutional commercial or mixed use the body undertaking or authority concerned would itself determine the relative percentage of nonresidential use for every acre of land acquired a farmer would be given back 931 sq metres at the present rate of rs 20000 per sq metres at which the authority sells the land the value of compensation would be rs 186 crore besides this a farmer would also be given an annuity at the rate of rs 23000 per acre per year for 33 years the amount of annuity would be increased by rs 800 per acre every year a landowner who does not want to take annuity would be given rs 276000 per acre in lump sum as rehabilitation subsidy in addition there would be 175 reservation in any residential scheme launched by the developing authorities landless farming families would also get a special package such families will get a onetime financial help equal to 5years minimum agriculture labour charges krishi mazdoori for livelihood for projects related to agriculture and nonagriculture labour the affected families would get a onetime financial help equal to 625days minimum agriculture labour charges krishi mazdoori for livelihood the projectaffected families would also be entitled to rs 3000 as financial assistance for cattle sheds if the farmers do not want 16 of the acquired land as compensation they will get rs 1050 per sq metre but farmers in noida extension are asking for the current market rate rs 11000 per sq metre against this the last compensation which the court has asked to renegotiate was rs 850 per sq metre while only 7 of the land acquired from the developed land was given to farmers the new compensation will give a huge benefit to farmers noida extension which is a part of greater noida comprises sector 1 2 3 4 16b 16c 10 12 tech zone knowledge park 5 etc of greater noida it was developed as a hub for affordable and luxury housing in the ncr more than 60 builders have been allotted land here for constructing residential units commercial and corporate activity is also planned for the area as rates are less compared to the developed sectors of greater noida and noida noida extension extends over approximately 3635 hectares 8980 acres the area consists of 13 villages namely khera chauganpur khairpur gujjar tushyana amnabad shahberi saini bisrakh patwari haibatpur etehda roja yakubpur chipyana khurd