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- Noida's last Metro station is now 'Wave City Center'
NOIDA: The Delhi Metro Rail Corporation renamed the Noida City Centre Metro station as 'Wave City Center, Noida' on Wednesday as part of a revenue-generating move.
Noida-based real estate firm Wave Infratech was awarded the naming rights for three Metro stations in March this year. Two of the stations are in Noida, while the third is in Gurgaon. The name of the second Metro station in Noida, Sector 18, will also be changed shortly, company officials said.
Wave Infratech has been awarded the naming rights for 10 years. The company will enjoy exclusive marketing rights for 500 sqare metres of media space. The colour scheme within the station is also to be determined by the company to reflect its branding.
DMRC had introduced the concept of renaming some stations for a fee in July 2013. Companies had shown interest in four Metro stations - Noida City Centre, Noida Sector 18, MG Road and HUDA City Centre - and three had been awarded to Wave Infratech in March this year. In all, nine stations had been made available for semi-renaming. These were Golf Course, Botanical Garden, Vaishali, IFFCO Chowk and Guru Dronacharya Metro stations besides the four already named above.
All the Metro stations offered for semi-renaming are on the Blue and Yellow lines, which have the highest ridership for Delhi Metro. So far, all the stations bear names based on their location. Rapid Metro in Gurgaon already follows the practice of station branding.
Meanwhile, Noida Metro Rail Company (NMRC) has also decided to auction certain stations along the 28km Noida-Greater Noida corridor for branding. Officials said the auctioning rights to name the stations would soon be announced. Prerequisites for the scheme are being worked out and will be finalized soon, they said.
"Once we work out the details and number of stations that will be auctioned, tenders will be initiated for the scheme. Station branding is successful internationally and we will soon adopt it too," said an NMRC official.
Noida's last Metro station is now 'Wave City Center' - The Times of IndiaCommentQuote0Flag
- Noida Authority vows to put developmental projects on fast track
NOIDA: A slew of projects are on their way to being fast tracked in Noida following a review meeting by Rama Raman Chairperson and CEO (CCEO) Noida Authority on Thursday. Raman has directed that the under-construction multilevel car parking being built to provide respite from congestion in sector 18 be made functional by June 2016. Raman also directed is team of officials to complete the city's first elevated road along Master Plan-2 road by March next year.
Speaking to officials Raman took a complete stock of important infrastructure projects, which are ongoing in Noida. "The engineering department provided status and progress report of the projects," said Saumya Srivastava, Deputy CEO, Noida Authority. "As per the CCEO's directions two important projects, multi-level car parking in sector 18, which will house more than 3000 vehicles will be functional by June next year," he said. "Another important project, which will provide respite to scores of vehicles from traffic gridlocks will also be make operational by 2016," he added. "This elevated road is being constructed from Vishwa Bharti School (Sector 28) and link Shopprix Mall (Sector 61), with an exit at City Centre (Sector 32), Noida. The 4-lane, 6-km stretch will provide respite to thousands of commuters who travel to Delhi, Ghaziabad and Greater Noida," Srivastava said.
Raman also directed officials to spruce up the city before Diwali and provide it with a festive look. "The Chairperson has directed that a joint drive be launched with immediate effect of all the work circles in the city, horticulture department and sanitation cell to dress up the city. Fresh coats of paint, green plantation and cleaning will be undertaken with a view to give Noida a festive look before the festival of Diwali," Srivastava explained.
The CCEO also reviewed designs for Shaheed Bhagat Singh Park proposed in sector 150 and Nalgarah Shaheed Samarak in sector 145. "Some suggestions and amendments were outlined by the CCEO, which will soon be incorporated," the DCEO said. "He also viewed presentations for a handful of mobile apps for online water connections, cleanliness, online property, etc. All these apps are likely to be launched next week to make Noida e-governance friendly," he added.
Noida Authority vows to put developmental projects on fast track - The Times of IndiaCommentQuote0Flag
- Green buildings to get extra FAR in UP
The UP government will be giving extra incentives to builders in order to promote the construction of green buildings. The builders going the “green way” will be allowed five per cent extra floor area ratio (FAR) in areas more than 5,000 sq metre without any additional cost.
The Indian Green Building Council (IGBC)had raised a demand in this regard.
According to state government orders issued to development authorites, green buildings after every five years will have to present green norms fulfillment certificate to the development authority. The orders also permit extra FAR for ongoing construction on fulfillment of green norms.
Green buildings to get extra FAR in UPCommentQuote0Flag
- What about the projects which were given/allowed additional FAR on the name of green building and and Builder sold the project as green project....However later failed to take certification of green building from IGBC after the completion of project because of shoddy work or just that they do not bothered about the customers/authorities.......what action the NOIDA AUTHRITY/ UP Govt takes or will take against such Builders. ..?CommentQuote0Flag
- I read in a newspaper that real estate market is picking up in NOIDA ....Is there any shred of truth in the same ???......Most of the news nowadays is paid news.....CommentQuote0Flag
- No truth here.. rentals are consistently dropping as I have seen in some of the societies in sector-93 and others nearby.... Finding a RTM unit in a newly built good society at a low price may not be that easy.... bot nothing like whole real estate picking up !!! relax :)CommentQuote2Flag
- Originally Posted by Amit2012I read in a newspaper that real estate market is picking up in NOIDA ....Is there any shred of truth in the same ???......Most of the news nowadays is paid news.....
Yes you are right, yesterday I saw one broker eating biscuits at mahagun bakery :DCommentQuote5Flag
- Consumer Court
Can somebody provide exact address of Consumer Court/Forum in Noida.
I wish to file complain against Unitech.CommentQuote0Flag
- Originally Posted by KaamDevYes you are right, yesterday I saw one broker eating biscuits at mahagun bakery :D
Raj nagar extension brokers lurking in Noida 24x7 area to get a taste of it, will keep watching forever.
Hehehe well said:D
Wah ji wahCommentQuote1Flag
- Investors Clinic in talks to raise about Rs 975 crore to fuel growth
Investors Clinic, India's largest online real estate transactions and services platform, is in talks with large private equity funds and foreign banks to raise about $150 million (nearly Rs 975 crore) to fuel its growth
"We want to expand to more than 300 cities in India and 20 locations overseas with highest NRI population to support homebuyers through their dream home journey" said Honey Katyal, founder and chief executive of Investors Clinic, without disclosing the names of the investors.
Investors Clinic, which counts cricketer Yuvraj Singh among its minority shareholders, plans to use the money for expanding its network across India and overseas besides doubling its employee strength.The company currently employs 2,040 people across India, up from 986 in 2011-2012.
"We have significantly invested in technology that has helped us scale up from selling mere 100 units a month to over 15,000 units per annum," said Nishant Singhal, director-strategy, Investors Clinic.
Singhal said the company has been EBITDA and profit after tax positive for the past four years and is completely debt free. The firm is expected to achieve annual gross transaction volume (GTV) of $3 billion (about Rs 19,500 crore) by 2017-18, he said.
The Delhi-headquartered company has executed real estate transactions worth $1.5 billion in the past 18 months and is on its way to achieving GTV of over $1.2 billion (more than Rs 7,800 crore) in 2015-16 The real estate platform has sold over 90,000 homes in the past six years. It has one of the largest interactive voice response platforms and it has managed over 600,000 queries per annum, generating cash flows of more than Rs 180 crore annually for the past three financial years.
"We have more than 50,000 units across over 600 projects in more than 20 cities, at any point of time on our platform. This helps in providing more than 30 handpicked options to any client with detailed market analysis," said Katyal.
Read more at:
Investors Clinic in talks to raise about Rs 975 crore to fuel growth - The Economic TimesCommentQuote0Flag
- Fng eway newsCommentQuote1Flag
- Report on Sec 71-Noida Ext Metro sent to govt for nod
NOIDA: Noida Authority has sent a detailed project report (DPR) to the Uttar Pradesh state government to approve the 14.95 km Metro corridor between Sector 71 and Noida Extension. Earlier, on September 19, a joint board of the Noida and Greater Noida authorities approved the DPR, having received it from Delhi Metro Rail Corporation (DMRC).
According to Authority officials, once the DPR and Metro alignment are approved by the government, it will require a Union ministry of urban development (MoUD) go-ahead. "Once the government clears the project, Noida Metro Rail Company (NMRC) and DMRC will ink an MoU," said Rama Raman, chairperson of the two Noida authorities.
All this could take a few months. "Once the MoU is signed, tenders for civil and other works will be initiated, before barricading and construction can begin," Raman said. "The track is likely to be commissioned by March 2021," Raman added.
As per DMRC's DPR, the proposed corridor will extend from Sector 71 to Knowledge Park V in Greater Noida (west). Officials said cost of construction is estimated at Rs 3,884 crore.
Measuring around 14.95km, the elevated corridor will have nine stations. Noida sectors 122 and 123, Greater Noida Sector 2, 3, 4 and 10 and Ecotech 12 will be other stations on this route.
Report on Sec 71-Noida Ext Metro sent to govt for nod - The Times of IndiaCommentQuote0Flag
- Residents' body writes to Noida on water woes
NOIDA/GHAZIABAD: Amid the ongoing annual desiltation of Upper Ganga Canal, the quality and quantity of water supply has gone down in Noida and Ghaziabad. The RWA federation, in a letter to Noida Authority CEO Rama Raman, has demanded that corrective steps must be taken.
"Quantitative and qualitative deficiencies have been found in the drinking water supplied to residents. The supply has reduced drastically and the quality of water supplied is hard and insoluble, containing high TDS (total dissolved solids) levels," said A N Dhawan, secretary general of Federation of Noida Residents Welfare Associations (FONRWA).
The Ganga water supply to Noida and Trans-Hindon areas of Ghaziabad was suspended from October 22, for the annual desiltation of Upper Ganga Canal after the monsoon. As a result, more than 20 lakh people in Noida, Indirapuram, Vaishali, Vasundhara, Kaushambhi, etc received inadequate supply of potable water, and at times had to depend on groundwater with high TDS levels.
Despite the prescribed supply hours from 6am to 9am, 1pm to 2pm and 6pm to 9pm, the actual supply has been much less. "Water supply has dipped from seven hours to three hours. In most sectors, supply during mornings and evenings is limited to 15 minutes," said Suresh Tiwari, senior vice-president of FONRWA.
The federation alleged that the water contains a lot of sediment with high TDS levels. "While Ganga is being cleaned and supply is temporarily suspended, the quality of water has deteriorated. It is not even fit for cleaning the mouth or bathing, forget drinking," N P Singh, president of FONRWA, said.
The RWA federation has therefore reiterated its demand for immediate water treatment/filtration plants with the Noida CEO.
When contacted, Samakant Srivastava, project engineer (water), Noida Authority, maintained the issue would be sorted out within a week when the supply is resumed. "Ganga jal supply will resume in a week, according to Uttar Pradesh Jal Nigam (UPJN). So there's nothing to worry about," said Srivastava.
Residents' body writes to Noida on water woes - The Times of IndiaCommentQuote0Flag
- 3-km skywalk in Noida's Sector 18 to become a reality soon
NOIDA: Having appointed a consultant for a proposed 3-km skywalk for in and around sector 18 market complex in July this year, Noida Authority has now received a feasibility report for the project. The technical cell of the Authority is now examining the report and its financial viability before finalizing the Detailed Project Report. According to officials, modalities could be in place by the end of the year and the project on track in the New Year.
Officials further said that the consultant will prepare the DPR once the feasibility report is cleared by the Noida chairperson and CEO Rama Raman.
"Thereafter, the final report will be presented before the CCEO and viewed for objections and suggestions. After that the draft report will be amended and a final DPR will be prepared," said SC Mishra, Noida's Project Engineer and Work Circle In-Charge - 2. "The estimate for the project will also be sent to IIT-Delhi for vetting, after which tenders will be initiated to select the agency who will develop the project. We are also considering constructing on Build-Operate-Transfer (BOT) basis," Mishra added.
Mishra said that once everything is in place, construction on the project could start in early 2016. "Once construction commences, work is likely to be completed in about 18 months," Mishra said. "The aim is to provide pedestrians with greater convenience and safety in and around sector 18. The clutter-free elevated walking space will help people move around more easily in the crowded sector 18 area," he said.
3-km skywalk in Noida's Sector 18 to become a reality soon - The Times of IndiaCommentQuote0Flag
- hiOriginally Posted by ThePunjabiThere are only around a dozen protesters in this photo.
No wonder builders treat customers with contempt.
why so now
after all amarpali is greatest builder in this region with maximum projectsCommentQuote0Flag