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Old 31-08-12   #3401
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Default DND flyway revamped for better security

NOIDA: Security arrangements at the DND flyway are getting upgraded by the Noida Toll Bridge Company Ltd to not only assist the administration in case of any untoward incidents, but also as a precautionary measure. New high definition CCTV cameras are being put up on all the lanes between Noida and Delhi and a new enhanced control room is being made to monitor all activities on the flyway.

The new cameras capture quality images, including the number plate of each vehicle passing the toll plaza, the movement of the toll attendant at the time and even the image and movements of the passengers in the rear seat of the vehicle.

The move comes after a recent road rage incident on the flyway wherein an MNC executive was beaten up by some unidentified youth. The DND authorities claim that while even at the time all lanes had CCTV cameras in place and that the footage of the incident has already been provided to the police, it has nevertheless decided to "transform its surveillance operations as a preventive measure."

"We have installed high definition CCTV cameras on all the 31 lanes between Noida and Delhi to monitor all activity on flyway. One high-definition camera has been installed on the Ashram side as well to monitor the traffic situation, especially during peak hours, and regulate traffic on the flyway accordingly," said Anwar Abassi, spokesperson of the toll company.

"The new cameras have been installed in addition to the existing Pan-Tilt-Zoom ones. These have a range of about 50 to 60 metres and capture very high quality images. The whole upgrading exercise has been taken up to ensure security of all commuters, to regulate vehicular movement on the flyway and to be of assistance to the police and the administration, if required," he added.

The server room or the control centre on the flyway has also been upgraded. The entire information relayed through the different cameras converges in the central control centre where officials constantly monitor the images. In addition to this, two security vehicles, an ambulance and patrolling staff on each lane are deployed at all times on the flyway. The upgrading exercise on DND began last week and many of the security arrangement have already been put in place.









DND flyway revamped for better security - The Times of India
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Old 01-09-12   #3402
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यूपी में निवेश की अपार संभावना : मुख्यमंत्री
जागरण ब्यूरो, लखनऊ : मुख्यमंत्री अखिलेश यादव ने प्रदेश में निवेश की अपार संभावनाओं पर फोकस करते हुए निजी क्षेत्र के सहयोग की अपेक्षा की है। उन्होंने संभावित योजनाओं का जिक्र करते हुए कहा कि आगरा-हाइवे लखनऊ की परियोजना के साथ 26 मुख्य सड़कों को चौड़ा कर उनके किनारे औद्योगिक कलस्टर्स बनाए जाने की कार्यवाही चल रही है। सूचना प्रोद्योगिकी नीति को शीघ्र लागू किया जाएगा। लखनऊ के निकट आइटी सिटी का निर्माण होगा तथा ग्रेटर नोएडा इंडस्टि्रयल हब बनेगा। मुख्यमंत्री शुक्रवार को शास्त्री भवन में ग्लोबल इंवेस्टर्स कांफ्रेंस के प्रतिनिधिमंडल को संबोधित कर रहे थे। उन्होंने पूंजी निवेशकों को आश्वस्त किया कि सरकार निवेश के क्षेत्र में आने वाली हर दिक्कतों को दूर करने का प्रयास करेगी। प्रतिनिधिमंडल के सदस्यों ने सूबे के विकास के लिए ऊर्जा व अवस्थापना के क्षेत्र में निवेश किए जाने की इच्छा जताई। मुख्यमंत्री ने कहा कि चिकित्सा एवं स्वास्थ्य के क्षेत्र में भी अवस्थापना सुविधाओं के लिए पीपीपी आधार पर ट्रॉमा सेंटर, सर्विस डिलीवरी सिस्टम, मोबाइल यूनिट, मेडिकल इमरजेंसी तथा डायग्नोस्टिक सेंटर आदि की स्थापना किए जाने का निर्णय लिया गया है। अखिलेश ने प्रदेश सरकार की प्राथमिकताओं में बिजली, सड़क, उद्योग, चिकित्सा एवं स्वास्थ्य, कृषि, पर्यटन और सूचना प्रौद्योगिकी के क्षेत्र में सुधार और हो रहे विकास कार्यो का ब्योरा दिया। ऊर्जा के क्षेत्र में सुधारों की चर्चा करते हुए उन्होंने कहा कि करीब 1500 मेगावाट विद्युत उत्पादन की परियोजनाएं निर्माण के दौर में हैं, जिनका लाभ हमें एक वर्ष में मिलने लगेगा। ओबरा, हरदुआगंज व पनकी पावर प्लांट से भी विद्युत उत्पादन बढ़ाने का कार्य प्रगति पर है। उन्होंने बताया कि पीपीपी मोड के आधार पर हाइड्रो इलेक्टि्रसिटी के क्षेत्र में भी छोटी परियोजनाओं और सौर ऊर्जा के उत्पादन पर भी कार्य हो रहा है। अखिलेश ने कहा कि दसवीं पास छात्रों को टैबलेट व इंटर पास छात्रों को लैपटाप वितरण से सूचना प्रौद्योगिकी क्षेत्र में अभूतपूर्व क्रांति होगी। भूमि अधिग्रहण किसानों की सहमति से उचित मुआवजे के आधार पर किया जाएगा। उन्होंने कहा निर्माण व रोजगार के क्षेत्र में भी ध्यान केंद्रित किया गया है। इस अवसर पर राज्य योजना आयोग के उपाध्यक्ष एनसी वाजपेयी, प्रमुख सचिव मुख्यमंत्री राकेश गर्ग, औद्योगिक एवं अवस्थापना विकास आयुक्त अनिल कुमार गुप्ता, प्रमुख सचिव चिकित्सा संजय अग्रवाल, सचिव मुख्यमंत्री आलोक कुमार और ग्लोबल इंवेस्टर्स कांफ्रेंस के सह संस्थापक रामदेव अग्रवाल समेत कई प्रमुख लोग उपस्थित थे।

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Old 01-09-12   #3403
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A mall near your home?
Homes are valued on the basis of conveniences close by. If you live in a busy area near schools and shopping malls, the price of your property should appreciate fast

Most of us know exactly what we want when it comes to our homes – the look, the facilities, the accessories, etc. This does not mean, however, that a home which meets all these requirements is ideal. To judge whether a new residence will be a real asset in the long run, we must consider many variables. Paying attention to these will not only ensure maximum comfort and convenience when you move in, but also maximum resale value in the future. Community infrastructure The ultimate worth of your home is twofold – the comfort and joy of living there and its resale value. The perfect home calls for proper communal infrastructure. Ensure the availability of shopping and grocery outlets, basic entertainment and transport facilities, schools, medical establishments. Friendly neighbours are also very important for peace of mind.

While it is obvious that schools are an integral part of our family system, this may not be a decisive factor if you don’t have children – or are single. However, availability of schools in the neighbourhood is still important from the resale value point of view. The same applies to most other conveniences like public transport, postal facilities etc. Appreciation potential Remember that property rates are not decided on the basis of land value — it is the infrastructure that adds to the value of a location. If you have chosen your location well and are in a progressive and developing neighbourhood, your home will appreciate in value over the years only because of the overall conveniences it will provide to future buyers. Do not think of your needs alone. You may not see the necessity of public transport facilities if you own a family car and scooter. Similarly, a post office may seem unimportant if you are a regular email and courier user. You may not need shopping facilities close by because you buy everything at your favourite mall and don’t mind driving all the way on weekends … but a future buyer of your home may need these facilities, and will judge the value of your residence on the basis of these factors. Decisive factors The eventual resale value of a home matters a great deal Proper community infrastructure is a must to make a resale home appealing Ensure availability shopping, entertainment, medical and transport facilities Schools nearby are very important from the resale value point of view It is the surrounding infrastructure that adds to the value of a location Homes appreciate in value by the overall conveniences provided to future buyers A future buyer may have different needs

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Old 01-09-12   #3404
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लखनऊ विकास प्राधिकरण बनाएगा 4,500 सस्ते मकान

सस्ते दाम पर आशियाने की चाह रखने वालों को उत्तर प्रदेश की अखिलेश यादव सरकार ने एक तोहफा दिया है। प्रदेश की राजधानी में विकास प्राधिकरण रियायती दरों पर 4500 मकान उपलब्ध कराएगा। लखनऊ विकास प्राधिकरण शहर में दो प्रमुख स्थानों पर नई आवासीय योजना की शुरूआत करेगा। इसके अलावा सरकार ने लखनऊ में एक और इंटीग्रेटेड टाउनशिप परियोजना को भी हरी झंडी दिखा दी है।
आज मंडलायुक्त की अध्यक्षता में हुई लखनऊ विकास प्राधिकरण (एलडीए) बोर्ड की बैठक में उक्त योजनाओं को मंजूरी दी गयी। प्राधिकरण अपनी पारा रोड योजना में कबीर नगर के नाम से एक नई आवासीय कालोनी विकसित करेगा जबकि अलीगंज में अल्प व मध्यम आय वर्ग के लिए 500 फ्लैटों का निर्माण करेगा। कमिश्नर संजीव कुमार मित्तल के मुताबिक कबीर नगर आवासीय योजना में दुर्बल आय वर्ग के लिए 2150, अल्प आय वर्ग के लिए 350 जबकि 1500 सस्ते फ्लैट बनाए जाएंगे। हालांकि इन मकानों की कीमत का खुलासा अभी नहीं किया गया है, लेकिन प्राधिकरण अधिकारियों का कहना है कि सस्ते मकानों की कीमत के लिए मानक पूर्व की सुलभ आवास योजना को बनाया जाएगा। सुलभ आवास योजना में विकास प्राधिकरण ने दो बेडरूम के घर 9.50 लाख रुपये की कीमत पर उपलब्ध कराए थे। दुर्बल आय वर्ग के मकान भी 5 लाख रुपये से कम कीमत पर ही उपलब्ध कराने योजना है।
प्राधिकरण बोर्ड ने फैजाबाद रोड पर एक और इंटीग्रेटेड टाउनशिप परियोजना को हरी झंडी दे दी है। इसका का निर्माण एएनएस कंस्ट्रक्शंस कर रही है। इसके लिए कंपनी फैजाबाद रोड के बाघामऊ गांव में 187.89 एकड़ जमीन का अधिग्रहण करेगी। इसमें से 87.89 एकड़ जमीन पर मकान बनाए जाएंगे जबकि 100 एकड़ क्षेत्रफल में जनसुविधाएं व ग्रीन बेल्ट होगा।

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Old 01-09-12   #3405
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Realty, construction offer glimmer of hope amidst growth gloom

At a time when other sectors are facing gloomy prospects, the real estate and construction sectors are under the spotlight for showing promising growth in the GDP numbers released on Friday.


While the country’s growth was at its lowest ebb in three years in the quarter ended in June, at 5.5 per cent, both these sectors have shown an upswing, with real estate growth pegged at 10.8 per cent and construction at 10.9 per cent.


Industry analysts and market players say that this growth can be attributed to two key reasons – execution of delayed projects and real estate being considered a safe investment in times of economic crisis.


Pradeep Jain, CMD, Parsvnath and Chairman, Confederation of Real Estate Developers’ Associations of India, said execution of existing projects would have added to the numbers despite not many new projects coming up.


With high inflation cutting into household budgets, consumers have tightened their purse strings. However, real estate is one asset class which was possibly growing due to the “emotional security” that it provided to investors, said DLF’s Executive Director, Rajeev Talwar.


Industry players also give some credit to the Government’s efforts of working to reduce the costs of funding in the realty sector.


Arvind Nandan, Executive Director, Consulting, Cushman and Wakefield, noted a marginal rebound in the market. “Occupancy is improving and construction activity is in sync with the demand. There is early indication of recovery and this could have shown in the GDP numbers,” he added.


Developers, by and large, have realised that the way to ease the liquidity situation was to continue with development. Amit Bhagat, CEO, ASK Property Investment Advisors, said there was is an over-leveraging situation.

“Developers are spending on construction and focused on timely deliveries. Hence, there is more supply and it’s turning into a buyers market from a sellers market,” he added

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Old 01-09-12   #3406
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Default UP to link its growth with future e-ways

NEW DELHI: Uttar Pradesh plans to link industrial development with the state's future expressway projects. The new government will soon come out with the industrial policy and it would be linked to expressway projects, a top state government official said.

This means a major shift in the UP government's policy to make the fresh projects financially viable for private developers. The state's first greenfield (new alignment) expressway - Yamuna Expressway - was bid out to Jaypee with the provision of five land parcels as sweeteners. Market analysts said this would mean the developers might get some land patches for industrial development to make these projects viable.

"Everyone should wait for the industrial policy to be out. Rushing to conclusions now would be premature," Mukul Singhal, CEO of state highways authority and UP Expressways Industrial Development Authority (UPEIDA), said on the sidelines of a Fiinfrastructure summit in the capital on Friday.

UP has finalized the alignment of Lucknow-Agra expressway and this will be the second such project by the state government. Singhal told private developers that the government plans to complete the tendering process for this project by October 2013. "It will then depend on the developer to complete it. We will set a target of three years for completion," he added.

Private developers are keen on this project since the state government has complete control over land acquisition and procedural clearances would be faster in comparison to any other mega highway project that passes through different states.

Singhal said the state has also drawn up a plan to convert all district roads to at least four lanes to improve mobility and accelerate economic activity. "We have the target to award at least 3,000 km in build-operate-transfer (BOT) mode by 2016. Every year, we will complete feasibility study of at least 1,000km," Singhal said.

In case of BOT projects, Centre will give financial assistance to the state - half of the viability gap funding (VGF) - to make these projects financially viable.






UP to link its growth with future e-ways - The Times of India
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Old 02-09-12   #3407
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Default Core infrastructure growth slows to 1.8%

New Delhi: Weighed down by negative growth in crude oil, natural gas and fertiliser, the eight core sector industries grew at a rate of 1.8 per cent in July, the lowest in the last nine months.

The growth in key infrastructure industries was 8.2 per cent in the same month last year. The previous lowest expansion was 0.4 per cent in October last year.

For the April-July period, the growth has slowed to 3.2 per cent from 6 per cent in the same period last year, according to official data released today.

Natural gas and crude oil production contracted by (-) 13.5 per cent and (-) 0.7 per cent, respectively in July.

Fertiliser output also shrunk by (-) 2.2 per cent in the month under review.

Steel and coal production slowed to 4.5 per cent and 2.1 per cent, respectively. In the comparable month, it was 16.5 per cent and 2.5 per cent in that order.

Cement, petroleum refinery and electricity output slowed to 3.8 per cent, 3.6 per cent and 2.2 per cent against 13 per cent, 3.7 per cent and 13 per cent, respectively.

The eight core sector industries have a weight of 37.9 per cent in the overall Index of Industrial Production (IIP).

The growth in core sector industries in May and June, too, had moderated to 4 per cent and 3.6 per cent from 5.9 per cent and 5.6 per cent.

Need to change our approach towards infra development

Given that a number of infrastructure projects getting delayed, there is a need to change the way we approach infrastructure development in the country, a report by FICCI and Ernst & Young said today.

According to the report titled 'India Infrastructure Summit 2012: Accelerating implementation of infrastructure projects', jointly prepared by Ernst & Young and FICCI, nearly 78 projects were delayed in the road and transport sector followed by 47 in power and 31 in oil and gas.

"There is a need to change the way we approach infrastructure development. The change required is needed across planning, bidding and execution of infra projects," Ernst & Young Partner Abhaya Agarwal said.

"More thorough and forward-looking project preparation and a sound land-acquisition process can go a long way in facilitating successful implementation of projects. Similarly, enhanced dispute resolution and regular monitoring will increase the confidence of the private sector to invest in infrastructure projects in the country," Agarwal said.

According to the report, "Infrastructure facilities like roads, railways, and ports under-achieved their investment targets in the 11th plan by 11 per cent, 23 per cent and 54 per cent, respectively. Overall investment targets have been achieved only due to strong performance by telecom (34 per cent) and oil and gas (655 per cent) sectors,".

The report cited few roadblocks affecting timely execution of projects including land acquisition, regulatory approvals, funding, lack of skilled manpower and shortage of construction equipment.

Referring to shortcomings in railways, the report pointed out that the share of passenger movement by rail declined from 74 per cent in 1950s to present levels of 13 percent, and for the same period, the share of freight movement dropped from 86 per cent to 39 per cent.

The Indian railways has added only 1,750 km of new lines, from 2006 to 2011, while China for the same period has added 4,000 km, excluding a high-speed network of around 10,000 km, it said.

It further pointed out that there was a need for strengthening national highways, which only constitute around 1.7 per cent of the road network, but carry 40 per cent of the total road traffic.

"Yet, only 24 per cent of the country's national highways are four-lane and meet the required standards," it said.






Core infrastructure growth slows to 1.8%
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Default Unitech eyes Rs 400 crore sales from new housing project at Noida

NEW DELHI: Realty major Unitech expects a sales realisation of Rs 400 crore over the next 2-3 years from a new premium housing project in Noida.

Unitech, the country's third largest realty firm, launched a seven-acre housing project 'Exquisite' in Noida last week.

"We will develop 312 luxury apartments in this project. We expect to generate sales-booking of Rs 400 crore over a period of 2-3 years from this project," Unitech Vice President (Corporate Planning) R Nagaraju said.

The price of apartments would be about Rs 1.2 crore, he said, adding that the sizes of the flats would be ranging from 2205-2450 sq ft.

He said the demand for luxury homes has been rising in Noida because of good infrastructure and better connectivity to the national capital.

During April-June quarter, Unitech sold 1.51 million sq ft of area, out of which 59 per cent was contributed by Noida and Greater Noida where it is constructing about 10 projects including a 350 acre township.

In value terms, Unitech sold properties worth Rs 701 crore during the first quarter of this fiscal, of which housing contributed sales of Rs 607 crore.

"We are currently focusing on execution of projects," Nagaraju said.

On debt, he said the company is continuously reducing the debt from internal accruals. In last fiscal, Unitech cut its consolidated net debt by Rs 325 crore to Rs 5,399 crore.

Last month, the company reported a 53 per cent decline in its consolidated net profit at Rs 45.88 crore for the quarter ended June 30 against Rs 98.36 crore in the year-ago period.

Total income fell by 36 per cent at Rs 442.28 crore in the first quarter of this fiscal as against Rs 686.83 crore in the corresponding period of last year.






Unitech eyes Rs 400 crore sales from new housing project at Noida - The Economic Times
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Old 03-09-12   #3409
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Now, small buildings can go for green stars


NEW DELHI: The focus of energy efficiency has usually been large buildings, whether residential or commercial. Now, there is a project that will help smaller buildings reduce their carbon footprint. An offshoot of GRIHA — the green rating for integrated habitat assessment — SVAGRIHA has been conceptualized especially for buildings that are less than 2,500 sq m.

The project was launched earlier this year by The Energy and Resources Institute (TERI) and new and renewable energy ministry. According to Mili Majumdar, director of TERI's sustainable habitat division, the cumulative contribution of energy guzzling small buildings to climate change is quite large which is why the need was felt to draw up a focused programme for this kind of architecture. "Unlike GRIHA where a building is evaluated on 34 criteria, SVAGRIHA will evaluate buildings on 14 parameters. Once a building has been planned, the SVAGRIHA team will step in to advice on energy efficiency measures that can be adopted. People can also put up information about their buildings online and will get a list of steps that they can adopt suiting their needs," she said.

In India, about 30% of the energy consumption is attributed to the buildings sector, out of which residential and commercial buildings contribute 24% and 6% respectively, says TERI. While GRIHA with its complex system of analysis was created for large establishments, there was a need to simplify the process for smaller buildings and also bring builders of tier 2 and 3 towns under the green rating umbrella. The cost of registration and evaluation for the projects will be between Rs 60,000 and Rs 1,00,000.

The process for getting a SVAGRIHA rating includes registering with ADaRSH (Association for Development and Research of Sustainable Habitats), submission of calculations that determine possible energy efficient methods, drawings and other documents as required. The calculations, available on SVAGRIHA website, will use data like area under construction and quantity of material used. It will also provide recommendations to improve the environmental performance of the building.

The submissions will be reviewed under SVAGRIHA parameters and a site visit will be carried out post construction to determine how and what measures have been put in place. Finally, a GRIHA certified evaluator will assess the building and award the rating.
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Default LIC HF plans to increase loan disbursal to developers

LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC) plans to disburse around 8-10 percent of its total loan portfolio to developers by the end of this fiscal, a top company official said.

“Presently, around 6 percent of our total loan portfolio constitutes of developer loan. We plan to increase it to 8-10 percent in the current financial year,” Director and Chief Executive Officer of LIC HF, V K Sharma said.

He, however, said the housing finance firm would not aggressively push this portfolio in this fiscal though there is an uptick in the loan disbursements to developers.

By the end of June quarter, LIC HF’s outstanding loan portfolio was at around Rs 65,650 crore, which was a 24 percent growth over the same period last year.

While individual loans constituted 94-95 percent of the portfolio, developer loans comprised 5-6 percent of the total amount.

Earlier, the housing finance company had said that low developer loan portfolio had put margins under pressure and higher disbursals would increase the margin level.

Sharma also said respite in interest rate is necessary to boost the overall housing finance industry and to reduce the cost of borrowing for the housing finance companies.

Talking about the overall growth projection, he said,” Overall growth in loan portfolio is likely to be around 20 percent in the current financial year,” he said.

He also said there is no concern on the asset quality of the NBFC.

“There is no concern on the asset quality front. We have a total NPA of only around Rs 400 crore,” he said.

Sharma, however, said that the real estate sector was not growing in the country with subdued activity in metro centres like Mumbai, Hyderabad and Bangalore.

“Growth is pretty subdued in the metro centres like Mumbai, Bangalore and Hyderabad. However, there is a demand in tier-II and tier-III cities,” he said.

LIC HF posted a 11 percent drop in its net profit to Rs 228 crore in the first quarter of current financial year on the back of higher interest cost.

During Q1, it sanctioned Rs 4,900 crore loans to individuals, a growth of 33 percent over the same period last year.

It also sanctioned around Rs 410 crore loans to builders during this period, as against Rs 5 crore in the corresponding quarter of the previous fiscal.






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