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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  • Noida: The Noida Authority is exploring the possibility of setting up a financial hub along the lines of GIFT (Gujarat International Finance Tec-City), a finance hub being developed between Ahmedabad and Gandhinagar.

    Read more at:

    Gujarat model for Noida financial hub - TOI Mobile | The Times of India Mobile Site
    CommentQuote
  • Awesome! Great opportunity to change the land use pattern of SEZ land under the garb of financial hub. :D
    CommentQuote
  • I read an article in which how a failure GIFT city is turning out to be. .

    What will noida do...
    CommentQuote
  • Originally Posted by Cookie
    How that is failure?

    Bro..... d reason exact diff to recall.... but read in a newspaper..

    Google may help. But I remember correctly ...
    CommentQuote
  • Noida: Bollywood superstar Shah Rukh Khan was in the city on Friday to launch the country's largest KidZania, the NCR franchisee of a Mexican edutainment chain with units in 20 cities across the globe, including London, Tokyo, Mumbai, Bangkok, Dubai, Singapore and the flagship outlet in Mexico City. The Rs 100-crore franchisee will be a standalone project over 97,000 sq ft, housed inside Entertainment City, the 147-acre development adjacent to Unitech Gardens Galleria.

    Red more at:

    Global edutainment chain brings theme park to Noida - Times of India
    CommentQuote
  • Originally Posted by ssncr123
    Noida: The Noida Authority is exploring the possibility of setting up a financial hub along the lines of GIFT (Gujarat International Finance Tec-City), a finance hub being developed between Ahmedabad and Gandhinagar.

    Read more at:

    Gujarat model for Noida financial hub - TOI Mobile | The Times of India Mobile Site


    Eyeing global markets, banks flock to IFSC at GIFT City - TOI Mobile | The Times of India Mobile Site
    CommentQuote




  • SEZ Land to be converted to MIX USE and Even residential.

    A major chunk of residential is already sold to Some Builders...launch will be before 2017 election

    On the Commercial Mix use front....once again...if the land goes to builders who are allowed mixed use....then expect Projects like unnati, bhasin, airwil to be in forefront again...ruining prime land banks

    Noida authority HAS TO DEAL DIRECTLY With Companies and MNCs and offer them incentives, etc to set up base....

    Unfortunately none will pay commission....

    If all this land also goes to Typical Noida builders....then its further downhill for noida


    The Word MIX USE ...MIX USE...used consistently is giving STRONG indications that land is being prepared for SALE to Third class typical U.P Builders...as NO MNC will be interested to develop land for Mix Use....Only Kabaad builders of Noida can do that " ON PAPER"
    CommentQuote
  • Gift city in Gandhinagar was announced few years back. Currently it is a dead project with just 2 towers built by L&T and Ifsl. Govt has forced the banks to take space in those towers and operate. Other than he sign boards nothing has changed. It needs to takeoff.
    CommentQuote
  • Builders defaulting on land payment/installments........some builders in Noida even defaulting on payment for land allotted to them on installment plan...that is something surprising.........issue covered by NDTV PROPERTY SHOW last week.......if the Noida authority refuse OC for projects by defaulter builders means that home buyers will again be the sufferers in big way .......IF NOT SORTED OUT IN EARNEST BY NOIDA AUTHORITY this issue is going to create a mess in Noida in times to come.......Question is why the buyers should suffer for a issue (payment) which is purely between Defaulter Builders and Noida Authority..........
    CommentQuote
  • Heard TATA is also coming to sector 150...in Lotus Green land.... though unconfirmed.
    CommentQuote
  • Godrej and Tata getting into Noida at the remotest location when there is already an oversupply?
    CommentQuote
  • Originally Posted by ssncr123
    Godrej and Tata getting into Noida at the remotest location when there is already an oversupply?


    That has been the way Tata has been launching projects for sometime now. Look at there project in Bahadurgarh. There is virtually no demand for it and the prices are atleast twice of any comparable project.
    CommentQuote
  • Originally Posted by Cookie
    Even Builders are aware of this very fact.


    I m sure!
    Why are they then buying....is what I am after.
    CommentQuote
  • Conservatively per Master Plan 2031 population of Noida will be 25 Lakh. I can bet anyone it will be over 40 Lakh by then.

    Recently 5-6 years supply has been short of 1 Lakh flats or 4 Lakh people. I can safely say about 10% flats are owned as second investments making this number lower and some outstation and dilliwallas hv bought who will never stay here

    We are essentially seeing a situation where prices are not in tune with demographics not that supply has no takers and that is coupled with negative sentiments towards builders AND a general slowdown in RE market

    Supply itna Zyaada hota to 2012-2013 ke din bhool gaye - projects were sold in days, rates were revised every month- and don't tell me only 'investors' were buying then.

    Abhi we are in a young country which has a long way to go. Urbanisation into select metro pockets will only increase

    Not saying prices will rise or fall - as they are sentiment and emotion (bhedchaal) driven

    But abhi no one should think supply has overtaken demand

    Abhi kahaani shuru hui hai
    CommentQuote
  • seems like a mktg gimmick by Lotus Green
    CommentQuote