Real estate developers, who had bought land a few years ago anticipating rapid development due to the ambitious small car project, are now expecting the development to be much slower.
As a result, land registration deals have slowed to a trickle.
Singur locals fear the worst, both in the short term and beyond. Most of them had sold their land to the developers, hoping to use the proceeds from the sale in start-up ventures that would ride on the expected surge in the pace of development around the car plant.
"Our families were looking at four income options from the plant," said Jayanta Mandal, a supporter of the ruling CPI (M) in Singur.
Image: Tata Nano | Photograph: Getty Images
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