Board irons out development bottlenecks
Jan 12, 2013, 01.41AM IST TNN

NOIDA: Several development projects were approved in the joint board meeting of the Noida, Greater Noida and Yamuna Expressway authorities on Friday. Even though the main focus remained on boosting connectivity and developing industrial clusters, the authorities even attempted to pacify agitating farmers by amending provisions related to land acquisition.

Noida Authority CEO Sanjeev Saran said rapid population growth has led to an urgent need to improve the transportation system. An additional 170 buses, including 20 semi low-floor buses and 50 feeder vehicles, will be started at the cost of Rs 40.5 crore. "The Authority will develop the city bus terminal in Sector 82 on 3.9 hectare with world-class infrastructure," he said.

Concerned over rampant accidents on Noida-Greater Noida Expressway, an Rs 15 crore Intelligent Transport System (ITS) will be installed to monitor and manage traffic flow.

To counter farmers' agitation, the board passed several amendments in the provisions to sort out abadi regularization, disbursement of developed land, enhanced compensation and inherited and non-inherited property issues.

"The land in Gautam Budh Nagar district was acquired in three phase in 1976, 1979 and 1997. Earlier, those farmers whose land was acquired in 1976 were eligible to get 5% abadi land, while those whose land was acquired between 1979 and 1997 were kept out of pool. The board has approved to grant abadi land to these farmers too," said Rajesh Prakash, administrative officer, Noida Authority.

"The minimum size of developed plots to be given to farmers whose land was acquired will be 40sq.mtr. The 5% developed plots will also be given to those farmers who were found eligible for plots below 40sq.mtr," Prakash added.

Around Rs 650 crore has already been disbursed towards enhanced compensation to farmers and the board has approved another Rs 450 crore. For village development work, the engineering department will not need approval from the land records department now.

The number of highrises in the city is expected to increase in the next two years, so there is a need of updated fire safety infrastructure. "The Authority will buy 72m hydraulic machines in case of fires in highrises," Saran said. A 1MW solar power plant will be developed on a 5 acre plot over the Sector 135-152 irrigation drain mainly for streetlights.

NOIDA: Several development projects were approved in the joint board meeting of the Noida, Greater Noida and Yamuna Expressway authorities on Friday. Even though the main focus remained on boosting connectivity and developing industrial clusters, the authorities even attempted to pacify agitating farmers by amending provisions related to land acquisition.

Noida Authority CEO Sanjeev Saran said rapid population growth has led to an urgent need to improve the transportation system. An additional 170 buses, including 20 semi low-floor buses and 50 feeder vehicles, will be started at the cost of Rs 40.5 crore. "The Authority will develop the city bus terminal in Sector 82 on 3.9 hectare with world-class infrastructure," he said.

Concerned over rampant accidents on Noida-Greater Noida Expressway, an Rs 15 crore Intelligent Transport System (ITS) will be installed to monitor and manage traffic flow.

To counter farmers' agitation, the board passed several amendments in the provisions to sort out abadi regularization, disbursement of developed land, enhanced compensation and inherited and non-inherited property issues.

"The land in Gautam Budh Nagar district was acquired in three phase in 1976, 1979 and 1997. Earlier, those farmers whose land was acquired in 1976 were eligible to get 5% abadi land, while those whose land was acquired between 1979 and 1997 were kept out of pool. The board has approved to grant abadi land to these farmers too," said Rajesh Prakash, administrative officer, Noida Authority.

"The minimum size of developed plots to be given to farmers whose land was acquired will be 40sq.mtr. The 5% developed plots will also be given to those farmers who were found eligible for plots below 40sq.mtr," Prakash added.

Around Rs 650 crore has already been disbursed towards enhanced compensation to farmers and the board has approved another Rs 450 crore. For village development work, the engineering department will not need approval from the land records department now.

The number of highrises in the city is expected to increase in the next two years, so there is a need of updated fire safety infrastructure. "The Authority will buy 72m hydraulic machines in case of fires in highrises," Saran said. A 1MW solar power plant will be developed on a 5 acre plot over the Sector 135-152 irrigation drain mainly for streetlights.
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  • Originally Posted by Quest2012
    Right sir, as you say..

    On the contrast people buy property also as a social security for old times while appreciations adds more interest to it. Once retired, people cant survive staying in rental flat as by that time the rents will be unaffordable (being reitred). for sure they will also need some source of income in old age, wherein addiitional property on rent can be one of their source of funds to survive.
    And there are always people from other places coming to ncr for jobs, for sure who do not plan to buy till they sustain and stabilise in 3-5 years. So definitely in metros demand will remain with years of ups and downs too.
    Price of property will always be demand - supply basis and affordability will always remains issue, wherein desired property will always be a bit away from capacity.


    In an ideal situation you are right: one must buy a house for his requirements as well as investment purposes. However, the earlier post, i think was based in today's context where costs are high, loan rates are high too and house quality is minimal.

    I think you should also consider that a person's rate of saving (though increased income, equity investments etc) may be higher than the rate of growth in house prices, making it more affordable for him to buy a house by retirement. I dont think a boom like the last decade is possible again in real estate - we are slowly but surely moving to more affordable and accountable times.

    Also, the affordability that you are talking about - of wanting to buy a desired property which is a bit away from capacity - is a very different affordability or 'unaffordablility' that was referred to in the earlier post, i think.
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  • Mar 04 2015 : The Times of India (Delhi)
    Rate relief likely in Noida
    Purusharth Aradhak
    Noida:
    
    
    Homebuyers in Noida may not have to pay registration charges according to current circle rates for flats completed earlier if the state government approves a plan to ease this financial burden.
    The district administration has proposed a `zero period' from the date of completion of a flat to the date of registry, which could reduce the quantum of additional charges that homebuyers now need to cough up. If accepted, the proposal will benefit those homebuyers whose flats were completed but couldn't be registered due to the legal process to demarcate an eco-sensitive zone around the Okhla Bird Sanctuary.

    
    
    TOI
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  • Mar 04 2015 : The Times of India (Delhi)
    Rs 7,400cr infra plans for GB Nagar
    Vandana Keelor
    NoidaGreater Noida:
    
    
    Chief minister Akhilesh Yadav will celebrate three years of his government by unveiling an “impetus package“ for infrastructure projects worth Rs 7,400 crore in Noida and Greater Noida.
    According to officials, on directions from the CM's office, a list of projects under the Noida, Greater Noida and Yamuna expressway development authorities has been drawn up. “This list will be sent to the chief minister this week. Once the `impetus package' is approved by the CM, they will be flagged off from Lucknow,“ said an official.

    The CM is likely to lay the foundation stones and dedicate the projects to the public from Lucknow on March 15.Rumour mills are agog that the CM is once again fighting shy of visiting Noida keeping in mind the `Noida jinx', which is often blamed for several former UP chief ministers losing their chairs.

    While Noida has prepared a list of projects worth over Rs 5,000 crore, Greater Noida's list totals projects valued at nearly Rs 1,500 crore. The Yamuna Expressway Industrial Development Authority (YEIDA)'s list includes projects totaling Rs 900 crore.

    In Noida, these projects include eight substations at the cost of Rs 659 crore, an 8,000-vehicle multi-level car parking facility for Rs 750 crore, a proposed super-speciality child hospital and postgraduate institution for Rs 701 crore besides upgrade in traffic and road facilities, including flyovers, elevated roads, bridges and underpasses for Rs 2,033 crore. An elevated Rs 58 crore pedestrian pathway from Botanical Garden Metro station to Sector 18 is also on the inauguration list, as is the long-awaited intelligent traffic management system to be implemented on the Noida-Greater Noida expressway for Rs 43 crore, officials said.

    Officials said major Greater Noida projects include 3,000 multi-storey housing units at Rs 604 crore and a Ganga Jal supply project at Rs 303 crore. Other projects on the list are three sewage treatment plants, power substations, police and fire stations and solar plants.

    YEIDA's projects include two substations of 220kV at Rs 300 crore, besides an information technology hub at Rs 15 crore and housing units under the Samajwadi Awas scheme and MIG scheme at an estimated Rs 500 crore.

    TOI
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  • Originally Posted by ArpanT
    In an ideal situation you are right: one must buy a house for his requirements as well as investment purposes. However, the earlier post, i think was based in today's context where costs are high, loan rates are high too and house quality is minimal.

    I think you should also consider that a person's rate of saving (though increased income, equity investments etc) may be higher than the rate of growth in house prices, making it more affordable for him to buy a house by retirement. I dont think a boom like the last decade is possible again in real estate - we are slowly but surely moving to more affordable and accountable times.

    Also, the affordability that you are talking about - of wanting to buy a desired property which is a bit away from capacity - is a very different affordability or 'unaffordablility' that was referred to in the earlier post, i think.

    the situation assumed by you may occur for short time (few years), but in long term the prices of assets (like property) will outspace the salary growth as well FDs benefit, braodly due to:
    - once incomes increases affordability of people increases hence adds to price increase.
    - as long as India is a developing country broadly assets price will increase as the inflation also.
    - Situation indicated by you is happening in many countries but most of them are either developed country (no growth and ROI is almost zero), or the countries wherein the Governments have a very tight control on all pricces in order to control inflation.
    - Wherever governement is providing social security, therein peopl just buy house for self use, but in India it is very unlikely that Government will come up with any social security for middle class
    Rest time will tell..
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  • RBI has given this 2nd rate cut in last 2-3 months, but till now not a single bank has reduced ROI for any loan.. They are enjoying more margin...So there is no guarantee as if the reduction will be passed to consumers
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  • Stamp duty to remain same - Noida

    Noida plans old registry rates for completed flats - The Times of India


    NOIDA: Homebuyers in Noida may not have to pay registration charges according to current circle rates for flats completed earlier if the state government approves a plan to ease this financial burden.

    The district administration has proposed a 'zero period' from the date of completion of a flat to the date of registry, which could substantially reduce the quantum of additional charges that homebuyers now need to cough up. If accepted, the proposal - made following a TOI report on February 27 on the hike in registration rates due to an increase in circle rates - will benefit around those homebuyers whose flats were completed but couldn't be registered because of the legal process to demarcate an eco-sensitive zone around the Okhla Bird Sanctuary.

    The National Green Tribunal had declared a 10km green zone around the bird sanctuary in 2013 in the absence of an official demarcation, which automatically stopped registration of flats within that area. A new eco-sensitive zone was drafted by the Centre last year. Once the final notification is out, the registrations can begin.

    Explaining the benefits of a 'zero period', an official said if a flat was completed in 2013, but is registered, for example, in July this year, then the cost of registration will be according to the circle rate in force at the time of the flat's completion in 2013. It'll be likewise for a flat completed in 2014. An official said nearly 30,000 flats have been ready for some time and can now be registered.

    "We understand the agony of homebuyers. So, we have decided to take up the issue with the state government for consideration," said SK Singh, assistant inspector general (AIG) of the UP stamps and registration department. "We are formulating a proposal in this regard and will soon meet district magistrate NP Singh to discuss the issue with him," he said. When contacted, Singh said, "We understand the pain of homebuyers near the Okhla Bird Sanctuary. We are looking into the matter and exploring all options to give them some relief."

    The UP stamps and registration department had earlier said old registry rates would not be applicable for properties ready in 2013 but not registered due to the ban on completion certificates till the eco-sensitive zone around the bird sanctuary, in whose ambit these projects came, was redrawn.

    Even those properties that were ready for registry in 2013 will have to be registered in accordance with the fresh circle rates, the department had said. Homebuyers had flayed the move.

    An environmentalist, Amit Kumar, had on July 8, 2013, filed a petition in NGT, demanding that construction work around the bird sanctuary be stopped. The NGT had initially halted construction work in the area but later allowed it conditionally. Uttar Pradesh has since sent its recommendation to the Centre and a draft eco-sensitive zone has been drawn up.
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  • what's going on regarding NGT issue ... anyone have any idea when the final notice is expected ?
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  • 7,400cr infra plans for GB Nagar
    Vandana Keelor,TNN | Mar 4, 2015, 04.07 AM IST

    NOIDA/GREATER NOIDA: Chief minister Akhilesh Yadav will celebrate three years of his government by unveiling an "impetus package" for infrastructure projects worth Rs 7,400 crore in Noida and Greater Noida.

    According to officials, on directions from the CM's office, a list of projects under the Noida, Greater Noida and Yamuna expressway development authorities has been drawn up. "This list will be sent to the chief minister this week. Once the 'impetus package' is approved by the CM, they will be flagged off from Lucknow," said an official.

    The CM is likely to lay the foundation stones and dedicate the projects to the public from Lucknow on March 15. Rumour mills are agog that the CM is once again fighting shy of visiting Noida keeping in mind the 'Noida jinx', which is often blamed for several former UP chief ministers losing their chairs.

    While Noida has prepared a list of projects worth over Rs 5,000 crore, Greater Noida's list totals projects valued at nearly Rs 1,500 crore. The Yamuna Expressway Industrial Development Authority (YEIDA)'s list includes projects totaling Rs 900 crore.


    In Noida, these projects include eight substations at the cost of Rs 659 crore, an 8,000-vehicle multi-level car parking facility for Rs 750 crore, a proposed super-speciality child hospital and postgraduate institution for Rs 701 crore besides upgrade in traffic and road facilities, including flyovers, elevated roads, bridges and underpasses for Rs 2,033 crore. An elevated Rs 58 crore pedestrian pathway from Botanical Garden Metro station to Sector 18 is also on the inauguration list, as is the long-awaited intelligent traffic management system to be implemented on the Noida-Greater Noida expressway for Rs 43 crore, officials said.

    Officials said major Greater Noida projects include 3,000 multi-storey housing units at Rs 604 crore and a Ganga Jal supply project at Rs 303 crore. Other projects on the list are three sewage treatment plants, power substations, police and fire stations and solar plants.

    YEIDA's projects include two substations of 220kV at Rs 300 crore, besides an information technology hub at Rs 15 crore and housing units under the Samajwadi Awas scheme and MIG scheme at an estimated Rs 500 crore.

    TOI
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  • CommentQuote
  • Originally Posted by Cookie
    7,400cr infra plans for GB Nagar
    Vandana Keelor,TNN | Mar 4, 2015, 04.07 AM IST

    NOIDA/GREATER NOIDA: Chief minister Akhilesh Yadav will celebrate three years of his government by unveiling an "impetus package" for infrastructure projects worth Rs 7,400 crore in Noida and Greater Noida.

    According to officials, on directions from the CM's office, a list of projects under the Noida, Greater Noida and Yamuna expressway development authorities has been drawn up. "This list will be sent to the chief minister this week. Once the 'impetus package' is approved by the CM, they will be flagged off from Lucknow," said an official.

    The CM is likely to lay the foundation stones and dedicate the projects to the public from Lucknow on March 15. Rumour mills are agog that the CM is once again fighting shy of visiting Noida keeping in mind the 'Noida jinx', which is often blamed for several former UP chief ministers losing their chairs.

    While Noida has prepared a list of projects worth over Rs 5,000 crore, Greater Noida's list totals projects valued at nearly Rs 1,500 crore. The Yamuna Expressway Industrial Development Authority (YEIDA)'s list includes projects totaling Rs 900 crore.


    In Noida, these projects include eight substations at the cost of Rs 659 crore, an 8,000-vehicle multi-level car parking facility for Rs 750 crore, a proposed super-speciality child hospital and postgraduate institution for Rs 701 crore besides upgrade in traffic and road facilities, including flyovers, elevated roads, bridges and underpasses for Rs 2,033 crore. An elevated Rs 58 crore pedestrian pathway from Botanical Garden Metro station to Sector 18 is also on the inauguration list, as is the long-awaited intelligent traffic management system to be implemented on the Noida-Greater Noida expressway for Rs 43 crore, officials said.

    Officials said major Greater Noida projects include 3,000 multi-storey housing units at Rs 604 crore and a Ganga Jal supply project at Rs 303 crore. Other projects on the list are three sewage treatment plants, power substations, police and fire stations and solar plants.

    YEIDA's projects include two substations of 220kV at Rs 300 crore, besides an information technology hub at Rs 15 crore and housing units under the Samajwadi Awas scheme and MIG scheme at an estimated Rs 500 crore.

    TOI



    Not sure how many of these projects will finally get implemented ...

    however one project which is now being executed at full speed is the elevated Master Plan road from Vishwa Bharti School (sec 28) to Shopprix Mall (sec 61) ... the site near shopprix mall is looking like a war zone and piling work is being done at full swing by reputed contractor - ITD Cementation Ltd
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  • Originally Posted by busmissed222
    Not sure how many of these projects will finally get implemented ...

    however one project which is now being executed at full speed is the elevated Master Plan road from Vishwa Bharti School (sec 28) to Shopprix Mall (sec 61) ... the site near shopprix mall is looking like a war zone and piling work is being done at full swing by reputed contractor - ITD Cementation Ltd

    parallel bridge to kalindi bridge over yumuna river is also going on.
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  • https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=61692
    I saw dis board at kalindi

    Hopefully those pillars r of tgis new bridge only

    But how can b they so fast .....
    Attachments:
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  • Mar 05 2015 : The Times of India (Delhi)
    Unitech booked for cheating homebuyers :bab (45):
    Shilpy Arora
    Gurgaon:
    
    
    Realty firm Unitech and eight of its top officials have been booked for allegedly cheating its homebuyers, police said on Wednesday.
    Three FIRs were filed on Tuesday at Sadar Police Station against Unitech and the eight officials under Sections 420 (cheating) and 120B (criminal conspiracy) of the IPC, following a complaint by three buyers over delayed possession of their flats in ‘The Residences’, an upmarket housing project in Sector 33.

    The investors have alleged that Unitech had collected more than Rs 508 crore for the housing project, which started in 2009 and was supposed to be completed in 2011 as per the agreement. However, till date, only 90 flats have been delivered and 90% of the project remains abandoned, according to them. They have also accused the developer of diverting the money paid by them to its other commercial projects.

    A Unitech spokesperson told TOI that the firm was not aware of any FIR being registered against the company or its officials in the last few days and termed the allegations of homebuyers as baseless.

    “The allegations, being made by certain individuals referred by you in the query are false, baseless and without substance. Unitech is fully committed to handing over all the flats in the said project. Meanwhile, the company will pay penalty to the allottees, as per buyer's agreement, for any delay in handing over the flats,“ the spokesperson said.
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  • 2 major crossings to get underpass
    Vandana Keelor,TNN | Mar 5, 2015, 03.13 AM IST

    Noida Authority to scrap SPV planProtesters plan march to Noida AuthorityNoida Authority fixes days for demolition drivesBJP plans high drama at Noida Authority on Monday in Yadav Singh epis...Noida Authority sends report to ED on Rs 954 crore tenders scam
    NOIDA: With the underpass at the City Centre junction nearing completion, the Noida Authority has started work on two more underpasses to decongest arterial roads in the city.

    On Tuesday, the Authority initiated tenders for the construction of underpass at the NTPC crossing, at the junction of Sectors-25A, 24,33A and 22 on Master Plan-II road. The bids for the proposed project will be finalized this month and the construction is likely to start from April.

    Officials said the underpass will be built at a cost of Rs 44 crore. "The underpass will be located on the Master Plan-II road and will be about 600m long. It will have a total of six lanes, three lanes on each carriageway," said a senior official. The construction will be complete in one year, he added.

    Once in place, the underpass will offer a signal-free ride to thousands of commuters using the stretch.

    "As the vehicular volume is increasing rapidly, the need of the hour is to construct underpasses on this route," the official said.

    The second underpass, proposed under the busy intersection of sectors 31 and 25 also known as the Adobe crossing, is in the last stages of being launched, officials said. Tenders for this project, also estimated at Rs 45 crore, will soon be finalized before construction begins.

    To be constructed on Master Plan Road-II, the proposed project will provide respite to more than 40,000 commuters who use the stretch daily. Motorists travelling to Delhi and Ghaziabad use this route.

    TOI
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