With land becoming scarce in prime localities of Ghaziabad and Noida,Hindon Par is offering new options to builders and developers to come up with their mega housing projects.
Aquiet and dusty area,with heavy traffic,Hindon Par (literally,across Hindon river) along the NH-24 is now considered as a place with potential for real estate development in the future.
The limited land availability in the fast developing areas of Vaishali,Indirapuram,Vasundhara,Kaushambi,and Noida has prompted real estate developers and development authorities to focus their attention upon Hindon Par for mega housing projects.
Real estate experts say that once basic infrastructure like connecting roads,transport,etc,improves,this area will be considered as one of the prime locations to live.To meet the infrastructural demands,a lot of initiatives have been undertaken by the authorities concerned in UP government and the NHAI (National Highway Authority of India).
To ease the traffic snarls,there is a plan to widen NH-24 to eightlanes.Important crossings at the busy NH-24 are getting a makeover to ease traffic bottlenecks.After UP Gate,which is an important Tpoint connected to NH-24 and Dabur Chowk,some of the chaurahas (crossing) where local traffic is highly congested at peak hours,like Kala Pathar,Abhay Khand and CISF Cut,are being renovated.According to the plan,a 20km stretch of the NH-24 up to Dasna Tiraha will also be widened from four lanes to six lanes.
Keeping these in mind,development authority like UP Avas Vikas Parishad have launched a highrise residential township project,Siddharth Vihar Yojna on NH-24,just across Hindon river and adjacent to Antriksh Sanskriti,a joint venture of Raksha Vigyan Soceity.
Vimal Sharma,the joint housing commissioner of UP Avas Vikas Parishad,says: Siddharth Vihar Yojna comes under Self-Finance Multistoreyed Residential Scheme 2011.Although scheme is closed,it is likely to be extended after the assembly elections,as the scheme is expecting more applications.The development authority has received only 250 applications for 1,256 built-up houses till the scheme closed.To complete this project,Avas Vikas Parishad has acquired 700 acres of land.There will be three categories of flats in the forthcoming projects named Ganga,Yamuna and Hindon Enclave.
The Hindon Enclave will have 424 flats,ranging between 66.15 sq metres and 99.36 sq metres and will cost between Rs 27.75 lakh and Rs 39.60 lakh.Yamuna and Ganga Enclave will have a total of 832 flats,coming in sizes of 115.68 sq metres,127.20 sq metres,181.63 sq metres,187.26 sq metres,166.60 sq metres,178.78 sq metres,190.77 sq metres and 268.60 sq metres.The price of these categories ranges from Rs 51 lakh to Rs 145 lakh.The project will also have 8 Pearl penthouses and 12 Ruby penthouses of 181.63 sq metres and 187.26 sq metres,at a cost of Rs 86.85 lakh to Rs 90.85 lakh.In addition to the 1,256 houses for general categories,1,984 EWS houses will also be constructed on the premises of project site, Sharma says.
S V Singh,the deputy housing commissioner of UP Avas Vikas Parishad,says: One of the advantages of this project is that it is just 5km from Delhi and 2km from Noida,on the Delhi-Lucknow Road.A 75metre-wide expressway highway has been proposed,which will connect this residential project to NH-24 and NH-58.These places along the NH-24 used to be deserted with no hint of development;now,they are buzzing with real estate activities and commanding premiums.
Siddharth Vihar Yojna will be a good alternative to the crowded Delhi region and will create an attractive environment for highquality living,work and recreation.A proposed Metro line at CISF and the widening of national highway will provide direct connectivity to the township.The project will have a variety of flats and houses to cater to the needs of a variety of customers,starting from 1BHK,2BHK,2BHK plus study,3BHK and Pearl and Ruby penthouses with spacious and inviting rooms.The project will also have facilities like a swimming pool,a club,a gym,and community centres which assure a decent standard of living,Vimal Sharma says.
Apart from UP Avas Vikas Parishad,private builders like Antriksh,Aditya,Ashiana,Landcraft,Ansal Housing,Mahagun,Wave City,etc,have already launched projects along the NH-24.Antriksh has launched Antriksh Sanskriti.
Rakesh Yadav,the managing director of Antriksh Group,says: Antriksh Sanskriti on NH-24 is the new residential project by Antriksh Group.The project offers 2-, 3-, 4BHK apartments and includes various facilities like a club,open and covered car parking,24hour power backup and parking facility.It promises you a stylish living with quality construction with the best materials.
For NH-24,the real estate revolution started with Crossings Republik and is set to culminate with the development of huge townships like Landcraft Golf Link over 92 acres and Wave City over 4,500 acres.
Landcraft Golf Link of Landcraft Developers Pvt Ltd is a premium integrated township on the main NH-24,Ghaziabad.Golf Link is spread over 92 acres,with the land coming from Mehrauli village.Well planned and superbly designed,the township is being developed with vast green landscapes and sports a peaceful environment,although it is in close proximity to the city.Landcraft Golf Link offers modern amenities like a golf course,swimming pools,a sports club,a gymnasium,parks with jogging track and a childrens play area.
Manu Garg,the director of Landcraft Developers,says: Here,we are offering stylish villas,prime plots and elegant apartments in the sizes of 100-335 sq metres,128-299 sq metres,1150-2370 sq ft,and 2850-5305 sq ft.Four towers,out of 14 multistoreyed towers,are likely to be completed by April 2012. Ashiana Group is also completing its projects in the same township.Ashiana will construct four towers to accommodate around one thousand families.The project is adjacent to Columbia Asia Hospital,which has world-class medical facilities,and is on a 5-minute drive from Raj Nagar,Kavi Nagar and Shastri Nagar.
The proposed Metro station at Mehrauli will directly link the township under construction.Leading schools and colleges are near the township,like Ryan International,Silver Line School,Gurukul School,ABES Engineering College,SIMS Management College,AKG Engineering College,New Era College,etc.
Wave Infratech is also coming up with a mega project,Wave City,on 4,500 acres on NH-24.Wave City will offer all the infrastructure facilities and lifestyle amenities compatible with the modern aspirations of the metro folks,including a proposed mechanized cleaning and sweeping system,closed loop city mass rapid transport system,2-acre parks for every 400 people and a lake spanning 3 acres,etc.
R K Jain,the executive director of Wave Infratech,says: As prices in this stretch are still affordable,people are keen to buy here than in other parts of the NCR,where prices are spiralling out of their reach.The response to the units on this project is heartening.
REAL ESTATE EXPERTS SAY THAT ONCE BASIC INFRASTRUCTURE LIKE CONNECTING ROADS,TRANSPORT,ETC,IMPROVES,THIS AREA WILL BE CONSIDERED AS ONE OF THE PRIME LOCATIONS TO LIVE