Home / Business and Economy / Jewar Airport: Land Riches Fade, Farmers Face Ruin
Jewar Airport: Land Riches Fade, Farmers Face Ruin
4 Feb
Summary
- Farmers received large sums like ₹2 crore and ₹5 crore for land.
- Initial windfalls led to luxury purchases like cars and iPhones.
- Many farmers now face unemployment and financial hardship.
In Jewar, the acquisition of 12,000 acres for India's largest airport initially brought immense wealth to local farmers. Compensation packages, including sums of ₹2 crore and ₹5 crore, dramatically altered lives. These windfalls facilitated significant purchases, from new houses and cars to upgrading to iPhones.
However, the euphoria was short-lived. Years after receiving their compensation, many of these farmers find themselves unemployed and facing severe financial difficulties. This situation raises critical questions about the adequacy of the compensation policy and the lack of financial planning to ensure long-term stability after the initial wealth dissipated.
The story in Jewar highlights a complex transition from land ownership to monetary wealth and its eventual depletion, leaving many in a precarious state. The focus is on how land was converted to money, how this money reshaped lives temporarily, and the potential consequences of inadequate financial foresight.
