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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  • Homebuyers block Noida e-way for 40 mins in protest

    The homebuyers broke past barricades to force their way into the company's office and shouted slogans for putting their hard-earned money at stake in Wish Town, which spans sectors 128 to 134 in Noida.

    TNN | 12 June 2016, 8:12 AM IST


    NOIDA: Nearly 900 homebuyers in Jaypee's Wish Town project blocked the Noida expressway for 40 minutes on Saturday morning in protest against missed deadlines for delivery of flats with delays running into several years.

    The homebuyers broke past barricades to force their way into the company's office and shouted slogans for putting their hard-earned money at stake in Wish Town, which spans sectors 128 to 134 in Noida.

    As tempers flared, officials of the realty firm called the police. The protesting buyers agreed to lift their blockade of the expressway only after SP (city) Dinesh Yadav reached the spot and assured them of a meeting with Jaypee joint managing director Sameer Gaur. "Only 50 of us were allowed to meet Sameer Gaur to make our representation," said Pramod Rawat, president, Jaypee Kensington Boulevard Apartments Welfare Association.

    Gaur, through a written communication, reassured all homeowners, saying Jaypee was "committed to delivering all units of Wish Town". Gaur also wrote that "efforts were being made to mobilise resources necessary for expediting construction work at Wish Town. This is expected to materialise in the next two-three months".

    Nrip Kumar Mehta, who is a coordinator for meetings of homebuyers, said, "We had intimated the developer that homebuyers of all projects had wanted to meet Jaiprakash Gaur (Jaypee founder) more than a month ago to sort out issues of possession and delays. But they refused to meet owners from all the projects together. They wanted homeowners to meet them separately on issues concerning each project. Since all our issues are common, there is no point in meeting them separately."

    Mehta said the homeowners would meet on July 9 and did not rule out a protest on social media on the lines of the action taken by Amrapali buyers.

    The protest began on Saturday around 11am after the buyers found the gates to the company's Sector 128 office barricaded.

    The primary trigger for the protest, said buyers' associations, was the lack of communication from Jaypee's top management. "So far, we have not got any satisfactory answers to our queries," said Dheeraj Mittal, president, Jaypee Klassic Apartments Welfare Association.

    "Our confidence is now shattered and there is fear and uncertainty of losing money," said Vinod Singh, chief of Jaypee Kensington Park Apartments Welfare Association.








    Homebuyers block Noida e-way for 40 mins in protest | ET RealEstate
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  • Don’t pay service tax to builders, Delhi High Court to homebuyers
    The Delhi High Court bench observed that the Rules framed under the Service Tax Act 1994 did not provide for a mechanism to calculate the component of “service” in a contract between a buyer and builder.

    Written by Aneesha Mathur | New Delhi | Published:June 9, 2016 2:52 am
    Delhi High court, home buyers, house service tax, property service tax, real estate, Finance Act, India news, business news The bench has also directed the service tax department to refund the tax charged from the two petitioners. The judgment applies to flats purchased before July 1, 2012.
    In a judgment that could have ramifications for home buyers across the country, the Delhi High Court has held that service tax cannot be charged on property units in a complex, which include builder flats, group housing flats and builder floors. The Delhi High Court bench of Justice S Muralidhar and Justice Vibhu Bakhru in its judgment on June 3 has set aside the provision of Section 65(105)(zzzh) of the Finance Act, 1994, which includes “services” from any person to another person “in relation to construction of complex” within the ambit of service tax. The bench has also directed the service tax department to refund the tax charged from the two petitioners. The judgment applies to flats purchased before July 1, 2012.
    The petitioners, who are senior public sector employees, had purchased flats from Sethi Buildwell Pvt. Ltd in the Max Royal group housing project in Sector 76, Noida. The flats had been purchased in 2010, and the petitioners completed payments in 2012. The petitioners, in their plea filed through advocate Puneet Agrawal, challenged the demand of service tax as well as ‘Preferential Location Charges (PLC)’ which were charged by the builder in addition to the cost of the flat.
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    Till further orders, no coercive action against MakeMyTrip: Delhi HC to Directorate of Central ExciseSC directs Supertech to refund buyersHow to bell the VAT?Relief for home buyers,tax stayedHC strikes down govt’s construction policy for suburbs,extra FSI for a premium outAfter 30 years,I-T dept to pay up interest on refundTill further orders, no coercive action against MakeMyTrip: Delhi HC to Directorate of Central ExciseSC directs Supertech to refund buyersHow to bell the VAT?Relief for home buyers,tax stayedHC strikes down govt’s construction policy for suburbs,extra FSI for a premium outAfter 30 years,I-T dept to pay up interest on refundTill further orders, no coercive action against MakeMyTrip: Delhi HC to Directorate of Central ExciseSC directs Supertech to refund buyersHow to bell the VAT?Relief for home buyers,tax stayedHC strikes down govt’s construction policy for suburbs,extra FSI for a premium outAfter 30 years,I-T dept to pay up interest on refund
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    The provision, which had been added to the Act in 2010 and was amended in 2012, stated that “construction of complex” includes any construction “which is intended for sale, wholly or partly, by a builder or any person authorised by the builder before, during or after construction (except in cases for which no sum is received from or on behalf of the prospective buyer by the builder or a person authorised by the builder before the grant of completion certificate by the authority competent to issue such certificate under any law for the time being in force) shall be deemed to be service provided by the builder to the buyer.”
    The bench, in its judgment, struck down the provision, observing that the Rules framed under the Service Tax Act 1994 did not provide for a mechanism to calculate the component of “service” in a contract between a buyer and builder. In the absence of rules, noted the court, there was no way to distinguish between other components of the cost of the flat, which would include cost of land, construction material and other charges. “Neither the Act nor the Rules framed therein provide for a machinery provision for excluding all components other than service components for ascertaining the measure of service tax,” held the bench.
    Citing Supreme Court judgments, the court held that “the charging provisions as well as the machinery for its computation must be provided in the Statute or the Rules framed under the Statute.” The court also accepted the argument made by advocate Puneet Agrawal that it was not possible to differentiate between the cost of land, cost of construction, labour and other costs, from service costs, as the contract between a buyer and the builder was a “composite contract” that included all costs and payments.
    The tax department had argued that a service tax is only charged on 25 per cent of the gross amount charged by a builder. The revenue department also argued that “the value of the immovable property as well as the property in goods incorporated in the works” was excluded from the ambit of service charge. The court, however, found that “machinery provisions” i.e. the proper mechanism for calculations were not provided.
    “The measure of tax assumes significance in such contracts as a levy of the service tax taking the gross amount charged by a builder for a composite contract would amount to a levy of service tax not only on the service element but also on the immovable property and the property in goods transferred or intended to be transferred to the ultimate buyer,” noted the court.
    Service tax cannot be charged on transfer of property, as it is covered under other laws, including stamp duty charges. The bench has now directed Centre to look into whether the builder had collected service tax from the buyers, and refund the money. The court, however, said tax on the Preferential Location Charges were valid as it was a ‘service’.
    “This judgment will affect all home buyers who had purchased flats in 2010-12 and paid taxes on the flat 25 per cent rate,” said Agrawal, adding that buyers can also claim refund if the builder had not calculated specific value of service tax but had charged on the “presumptive rate.”
    “The 2012 amendment had introduced a rule saying that builders could calculate service tax on the basis of value of labour and services according to their books of account. unfortunately many builders don’t do that and just add the flat rate.” said Puneet Agrawal.
    Tax law practitioner and author Sanjiv Agarwal says that the valuation mechanism of taxing 25 per cent of gross charges had been there “for years,” and the judgment will create a “roller coaster of litigation”.
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  • The Federation of Noida Residents’ Welfare Associations (FONRWA) on Monday protested the 10.5% hike in residential land prices by the Noida Authority.
    N P Singh, president of FONRWA, said, “The land in Noida is either sold out or belongs to farmers. So what land does the authority propose to increase the prices of? When they don’t have land to sell or buy, they have no right to increase the rates. It’s just a ploy to make Noida an expensive city for homebuyers and make money at the expense of its residents,” said Singh.
    According to Singh, the proposed increase will also affect transfer, registry and stamp duty charges, burning a bigger hole in the homebuyer’s pocket. “The common man is already burdened by buying a residential property. How will he arrange the funds to meet such an increase in property prices?” asked Singh.
    His views were echoed by Noida industries since the authority also increased the rates of industrial land. “We are certainly not happy with the hike in industrial land rates,” said Vipin Malhan president, Noida Entrepreneurs’ Association.
    Malhan said any entrepreneur first looks for cheap land to set up an industry and plans to invest in plant and machinery. “But if the land prices will not come cheap, then an entrepreneur will look for other places like Madhya Pradesh, Haryana, to set up industry,” he added.
    The RWA umbrella body was also disappointed at the authority’s complete neglect and apathy towards their longstanding demands for freehold status of all residential properties in Noida, toll-free DND (Delhi-Noida-Driveway) and a representation of a minimum of two members from FONRWA in the authority. “Though we welcome the scheme for farmers and implementation of the UP Apartments’ Act to control the builder nexus, we as residents, are disappointed at the complete lack of interest of Noida Authority in our demands. They don’t want to meet us or even listen to us despite having promised to look into our demands,” said Suresh Tiwari, senior vice-president of FONRWA.
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  • There is a lot of confusion on payment of service tax at present.

    I was watching a show on CNBC Awaaz on Saturday on this issue. Many of the eminent panelists expressed the view that this issue will be in the realm of judiciary now for some time.

    The Govt can go to supreme court to appeal against this Delhi high court ruling.

    The final view emerged that it's better to pay service tax now and claim later.
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  • When new circle rate is going to be effective in Noida?
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  • 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.
    CommentQuote
  • On a lighter vein
    I think some of the builders were clairvoyant, naming their projects aptly
    JP wishtown keep wishing
    O my God don't tell me you were not forewarned
    Mist Avenue everything is hidden behind the mist
    Amarpalli Hanging gardens all left hanging.
    Supertec Czar autocratic functioning created 1000 extra apts
    Grand Venice all under water
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  • Yeah you forget 3C - CRYSTAL CLEAR CHORI
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  • Yes why not may be others have ideas for their projects.
    Infact I was looking for something appropriate for Boulevard, Panache and Zing but couldn't think of something.
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  • Lo Sir:

    Boulevard mein kho kar Lotus hua stale, Zingy they sapne, Panache ne kar diya fail :)
    CommentQuote
  • Originally Posted by dineshsays
    Lo Sir:

    Boulevard mein kho kar Lotus hua stale, Zingy they sapne, Panache ne kar diya fail :)


    I think we are talking at different level , let it be..:-)
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  • Noida to crack whip on homebuyers living in unregistered flats | noida | Hindustan Times
    As per the Noida authority’s estimate, around 50,000 homebuyers have moved into flats without registering them. These homebuyers could not get registration done because their builders had not obtained occupancy certificates (OC). A registry cannot be executed without an OC.
    As per norms, during execution of registry of a property — including flats — a buyer has to pay 5% of the total cost of the flat as stamp duty to the government. If buyers shift in to their new flats without registry, the government fails to get the revenue.
    CommentQuote
  • Noida's slum rehab scheme still has no takers

    Vandana Keelor | TNN | Jun 16, 2016, 09.16 PM IST


    NOIDA: There seem to be no takers for Noida's ambitious slum rehabilitation scheme launched almost five years ago. In a bid to make the city slum-free and attract the sum dwellers, the Noida Authority had in June last year tweaked the cost pattern of the scheme.

    However, as per officials, despite several extensions, only 36% slum dwellers have applied till now. Authority officials have now decided to extend the scheme for one last time till June 30, after which they propose to convert it to Samajwadi Awas Vikas Yogna and open it to the public.

    According to officials, the rehabilitation scheme, which is aimed towards accommodating about 11,565 families, will be able to free land in sectors 4, 5, 8, 9 and 10 in the heart of Noida. The allotment is to be done block-wise and once the land is vacated land it will then be put to various uses, including building parks, parking lots, roads, etc.

    "However, so far we have received only 1195 applications as against the 3,458 flats on offer," said an Authority official. "If we are unable to rehabilitate the entire 3,458 families belonging to the EWS category from G and J Block of sector 8 in the first phase of the scheme, there is no point in shifting only 36% of them as the land will still not be vacated," the official explained. "Hence, this will be the last time that we will extend the scheme till the end of June and thereafter, we will convert it into Samajwadi Awas Vikas Yogna and open it for the public," he added.

    In the 131st Board meeting of the Authority, it had been decided that flats measuring 29 sq m be given to all slum-dwellers. Thereafter, a survey was undertaken by the Gautam Budh Nagar District Administration to identify slum-dwellers. It had at the time found more than 11,000 families of slum dwellers to be residing in sectors 4,5 8, 9 and 10.

    A JJ Dwellers Resettlement Scheme was launched in 2011 and flats constructed by the Authority in Sector 122. These four-level units, of two rooms each have been priced at Rs 4.5 to Rs 5.15 lakhs to be collected in installments over a 20-year period. However, members of the community had alleged that the actual number of families living in slums was much higher and that the scheme had been launched to benefit a few influential individuals. After addressing their objections, it was also decided to waive off a 4% interest rate on installment payments to make the scheme attractive. But the project—which was in the cold storage for almost four years, continues to have no takers.








    Noida's slum rehab scheme still has no takers - Times of India
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  • 30% LESS RENT IN NOIDA ... THAN VAISHALI INDIRAPURAM
    so many families / students shifting from vaishali / Indirapuram to NOIDA,
    VAISHALI 2 BHK rent 16000-23000+ maintenance old construction, no park, club in most of societies.
    NOIDA 2 BHK rent just 8000-12000 new flat / park / best INFra of NCR / near metro.

    SEC 75 76 77 78 137 121 135 168
    NOIDA EXECUCIVES SHIFTING FROM VAISHALI INDIRAPURAM TO NEAR THEIR OFFICE
    135 SEZ TCS, GENPECT, ACCENTURE ETC LIKE 135 TODAY RIDGE RESIDENCY, SEC 137 & 168 PROJECTS

    ADVANT EXECUTIVES PREFER SEC 137,168 , 135 PROJECTS JUST 100 MTR

    SEC 62 61 SHIFT THEIR BASE TO SEC 121 75 76 77 78


    TRANSPORT ALLOWANCE & TIME SAVED + 5000 LESS RENT.
    CommentQuote
  • Originally Posted by ARJUNPUNJABI
    30% LESS RENT IN NOIDA ... THAN VAISHALI INDIRAPURAM
    so many families / students shifting from vaishali / Indirapuram to NOIDA,
    VAISHALI 2 BHK rent 16000-23000+ maintenance old construction, no park, club in most of societies.
    NOIDA 2 BHK rent just 8000-12000 new flat / park / best INFra of NCR / near metro.

    SEC 75 76 77 78 137 121 135 168
    NOIDA EXECUCIVES SHIFTING FROM VAISHALI INDIRAPURAM TO NEAR THEIR OFFICE
    135 SEZ TCS, GENPECT, ACCENTURE ETC LIKE 135 TODAY RIDGE RESIDENCY, SEC 137 & 168 PROJECTS

    ADVANT EXECUTIVES PREFER SEC 137,168 , 135 PROJECTS JUST 100 MTR

    SEC 62 61 SHIFT THEIR BASE TO SEC 121 75 76 77 78


    TRANSPORT ALLOWANCE & TIME SAVED + 5000 LESS RENT.


    This is typical Ads on TV which doesn't give full info. 8k-12k Noida rents are in societies where construction currently going on. So air pollution free.

    Not enough social infra yet on new cheap locations like 137 and next to null public transport. 7x sectors have shared autos but problems are plenty. Mahagun can be called exception there but rent is also 15k+

    Maintenance is paid for 1 year or little less than 2years. After that about 2500-3500 per month maintenance increase on 2bhk itself.

    No access to gym in these Apt complexes unless you pay more. There are exceptions where gym is part of maintenance but in general you have to pay more unlike old apartment complexes of noida, indirapuram etc.

    Lots of apartments with mostly investors so lots of students, bachelors so everyday ka drama e.g. Vivante had major brawl of drunk bachelors and residents forced them to leave. Not possible everywhere.

    Don't forget kaam Wali in these new areas charging 1500+ but in old sectors still 700-900. About Rs5000 on Diwali expense in new aparyments.

    So yes some exceptions but in general if you settled in vaishali, indirapuram or old decent sectors of Noida then just stay there. You will save lot of money.

    Bhai, debated months to decide on new sectors vs old sector so these were my observations.
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