As protests against the proposed waste to energy plant in Noida Extention's Sector 123 continue, local builders have now started to feel the pinch as property rates have dipped in the area. While residents of Sectors 123, 120, 121 and nearby villages have refused to pay heed to local administration's repeated appeals to end their agitation, several housing projects in the locality are now staring at an uncertain future.
Builders claim that the property market has crashed due to the proposed waste site by 20 to 30 per cent, a report in Times of India said. Top housing projects of the area like Cleo County, Amrapali Zodiac, Amrapali Platinum, Prateek Laurel, Ajnara Homes 121 have been affected the most by the agitation.
Earlier, residents of these societies and villages like Parthala, Behlolpur, Garhi Chaukhandi and Sokha decided to boycott the meeting called by the district administration to discuss the issue.
Villagers under newly formed 'Kooda Ghar Virodh Sangharsh Samiti' decided to boycott the meeting with DM B N Singh, SSP Ajay Pal Sharma and other officials.
While the district administration claims that the work of the waste site will go on as per the orders of the National Green Tribunal, locals complained that it would be a serious health hazard for thousands of families of the area.
Last week, the Noida Police had arrested nearly 40 people after the protest at the waste dumping site in sector 123 turned violent.