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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  • Sec-18 multi-level parking sees green light

    : Having missed its deadline countless times in the past two years, work on the multi-level parking lot in Sector 18 is at last set to take off. The Noida Authority has finally initiated tender proceedings for the construction of the parking lot. Bids for the parking lot were invited on January 18 this year and the tender formalities will be wrapped up by February 8 following which work on the project will begin.

    As per the detailed project report approved by IIT Delhi in November, the parking lot will be constructed across eight storeys. While two storeys of the parking lot will be underground, the topmost level will also have an open terrace with landscaping and a coffee house. The parking lot will accommodate about 4,000 vehicles. The parking lot will be ready within a year's time.

    In October this year, the Authority had finalised DPR for the multi-level parking lot and other redevelopment work in the Sector 18 market and had also appointed the Delhi School of Planning and Architecture as its consultant for both. It decided to construct the parking lot following repeated demands from traders in the area. The Authority has fixed a budget of Rs 149 crore for the parking lot and another Rs 300 crore for the redevelopment work.

    "The project was delayed initially as we had to change the location. We then approved the plot opposite the Radisson Hotel for the parking. Then the project was further postponed due to the elections earlier this year. However, we have finally invited bids for the project and it will not be delayed any further," Rajiv Kumar, chief project engineer, Noida Authority, said.

    Meanwhile, the authorities have also forwarded the design and cost details of the proposed parking lot at the Botanical Garden Metro station to the CEO for formal approval following which DPR and tender formalities will be initiated.

    According to senior officials of the Authority, the multi-level parking lot at the Botanical Garden Metro station will accommodate 4,000 vehicles. The decision to construct it was made following the Authority's decision to expand the existing Metro station to cater to the projected increase in footfall once the Botanical Garden-Kalindi Kunj metro link is complete. It has decided to construct a second Metro station close to the existing one and since the existing parking lot at the station can accommodate just about 500 vehicles, the Authority has decided on the new parking lot.

    It has already received permission from the State environment ministry to use about 10 acres of Botanical Garden land for the second station five acres of which will be used to construct the parking lot.



    Sec-18 multi-level parking sees green light - The Times of India
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  • Noida Inc: Metro extension not enough

    Recent decision by Noida and Greater Noida board to connect Greater Noida with metro and to increase the metro penetration in Noida has brought little cheer to industries of these two twin cities. Even after the proposed extension, there would be a lot of industrial sectors far away from a metro station.

    The proposed metro line will be extended to Sector 62 from Noida City Centre and in the other direction to Knowledge Park VI in Greater Noida

    "We are happy with the announcement of expansion of metro line to Sector 62," said Vipin Malhan, president of Noida Entrepreneurs Association (NEA). "We have been hearing about the extension for quite some time now, finally there is some movement in this aspect."

    However, Malhan said that the route to Sector 62 should have been extended till Sector 65. This would have helped employees of numerous manufacturing units and companies. "Employees working in Sector 65 have to go all the way to Sector 62 to board the metro. The two sectors are quite far apart."

    Areas covered include, Sector 32, Sector 51, Sector 83, Sector 101, Sector 143, Sector 147, Knowledge Park 2, Pari Chowk; and Sectors, Alpha and Delta. The proposed line will terminate at Knowledge Park 4.

    AD Pandey, chairman, Indian Industries Association - Greater Noida Chapter, echoed similar feelings about the route selected for Greater Noida. "If you look at the proposed route, it is serving only educational and residential sectors. Not many industrial sectors are touched by the current proposal."

    "According to the route proposed, the metro line would run parallel to Noida-Greater Noida expressway. Industries would have benefited more if it would have touched Phase II. The future route should complete the loop by taking the line through Phase II."

    Industry bodies also fear that, despite the impressive track record of Delhi Metro Rail Corporation, completion of this project could get delayed because of the uncertainty in Noida Authority. "So many changes are happening at the top management in Noida Authority," Malhan said, referring to the removal of Noida Authority CEO Sanjiv Saran last week. "A common CEO for Noida and Greater Noida Authority might not work out well for Noida," he cautioned.


    Noida Inc: Metro extension not enough - The Economic Times
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  • Yet another Metro to Noida

    The west-east connector will impact property prices only in areas that were not able to reap the benefits of phase II

    The 36.5-km Janakpuri West-Botanical Garden corridor, will pass through some of the busiest areas of Delhi, including Janakpuri, Vasant Vihar, Munirka, RK Puram, IIT, Hauz Khas, Panchsheel Park, Chirag Delhi, GK Enclave, Nehru Place, Kalkaji, Jasola Vihar and Kalindi Kunj and finally Botanical Garden in Noida.


    This connection will have a 23 km underground stretch and a 12-km elevated stretch. The number of underground stations is 15 and elevated stations is 10. It will intersect with line III at two places, line II and line VI.
    Areas that were previously in the three to four km radius of Metro stations that came up during phase II and that will get new stations as part of Phase III now may not see much difference in property prices except a marginal increase of about 5%, sufficient to bring the prices in tune with those of existing areas closer to the Metro.
    The impact on property prices in developed/mature areas such as Janakpuri, Kalkaji, Greater Kailash Enclave etc will be relatively lesser. A marginal increase of 5% to 10%, over and above the year-on-year increase, will be seen in these places.
    Metro connectivity in new medium to high density areas like Munirka, with major concentration of middle-class families and working groups will see better appreciation.
    According to Nitin Kumar of SRK Properties, this Metro connection will not have much impact on property prices in Janakpuri area as prices have already appreciated in the locality that already has a Metro station. “Whatever appreciation had to happen has taken place following operations of the Vaishali-Noida-Dwarka line,” he says, adding prices have already peaked in the area.
    Property brokers in Kalkaji and Greater Kailash Enclave point out the third phase will not have much impact as there are already stations existing within a 2 to 3 km radius of the area. “If appreciation has to happen, it will be in the region of 10% to 15% but only after the Metro becomes operational,” says Ramesh Gulliya of Shivalik Associates.
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  • R5000 crore , 30km link between NoidaGreater Noida

    26 Jan 2013Hindustan Times
    R5000 crore , 30km link between NoidaGreater Noida


    CEO of Greater Noida and Yamuna Expressway authorities, Rama Raman, has recently taken additional charge of Noida. He shares details of the decisions taken at the 178th board meeting of the Noida and Greater Noida authorities on the Metro projects that wi

    Noida-Greater Noida Metro line The authorities have approved the R5000 crore 30 km link between Noida and Greater Noida. The Expressway line will be extended from Noida City Centre It will pass through sectors 50, 51, 81, 83, 101, 137, 143, 144, 147, 149, 153 in Noida and Knowledge Park 2, Pari Chowk, Alpha 1, Alpha2, Delta, Knowledge Park 4 and culminate at Bodaki. The cost of this project will be R5500 crore. Over 60,000 passengers are expected to use the link every day. “The Noida Authority has given its approval and we will be sending it to the state government for approval,” says Raman.
    This line was in the backburner for quite some time as “we were trying to examine if we would want to construct it on a PPP mode or get it done from DMRC but after almost one-and-a-half years we have decided that we will get it done through deposit works. Our funds and our resources will be utilised to construct the line. This is what the board has decided. The funds will be shared by both the Noida and the Greater Noida authorities,” he says.
    The PPP model experience is not yet established, especially in case of the Metro as running it is not a profitable venture. Developers will always ask for additional sops to meet the viability gap and place more demands. Noida has enough funds to invest in such a project. Therefore, we do not have traction to go in for the PPP mode, Raman says. Janakpuri-Kalindi KunjBotanical Garden line The Janakpuri-Kalindi Kunj-Botanical Garden extension has been approved by the Noida Authority board and sent to the state government for approval. There are a few issues that need to be sorted out. One concerns the issue of property development. DMRC has asked for about 2 lakh sq ft of space. Noida Authority is planning to take up the issue with DMRC.
    Though an MoU to this effect has to be signed but DPR and alignment issues have been agreed upon. Work on the bridge across the Yamuna is already in progress. The Metro has taken up the project and we only have to give our contribution, says Raman. Noida City Centre to Sector 62 line The present Noida City Centre line that terminates in Sector 32 will be extended to Sector 62. This was also approved in last week’s board meeting. The cost of the project is expected to be about R1800 crore. As for the funding, Noida Authority will be investing in the line. If it has to cross over to NH24 into Ghaziabad, then GDA will have to contribute its share.
    “We will take it up with the state government for its approval,” Raman says.
    Studies for the line have been completed. The alignment had to be finalised but there are a few issues with regard to the Sector 71 interchange alignment. It was also not clear whether it would pass through the central verge or the green belt. Another problem was related to an underpass and a flyover expected to come up in the area where the interchange had been proposed in Sector 71. All the issues have now been sorted, explains Raman.
    The line will be linked with Greater Noida or Noida Extension through Sector 71. DMRC has said that it will prepare the DPR of the line only after a sizeable population moves into Noida Extension.
    “We will discuss the density issue with the DMRC chief again. The density logic does not really stand as over 2.5 lakh flats are expected to come up in the area that are under construction at present. It will take nearly two more years to construct these houses and in three years people will settle in the area. Besides, there are enough people living in villages close to this area and the facility can be used by farmers. I feel that the ridership of this line will bypass the ridership of the Pari Chowk extension. I’m hopeful all apprehensions that DMRC has will disappear after we hold discussions with its officials and dispel their doubts with facts and figures. After this, they will be called to conduct a feasibility study,” he says. Increased FAR along the Metro corridor The board approved the Noida-Greater Noida line with the rider that FAR be increased and a mixed land use approach adopted along the Metro line to enhance ridership and ensure that economic activity develops alongside so that people are encouraged to live in that area. The authority has also constituted a committee to study other areas too to see what can be done for mixed use, increase FAR and density. “Right now there is no clarity. We are going to study the different possibilities related to the width of the corridors etc. This will also enable Noida and Greater Noida authority to generate additional funds by selling extra FAR. The incremental realisation through this should be able to fund the project,” Raman adds. Plans for Bodaki As per Delhi Mumbai Industrial Corridor (DMIC), a multi model station at Bodaki has been proposed and a big station on the lines of the Anand Vihar terminal is expected to come up in the area. Besides the Metro station, an ISBT is also in the pipeline in the area. DMIC is also working on the DPR for the area
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  • Just saw news on TV that Noida authority is coming with 12,000 affordable flats near Greater Noida, Yamuna e-way
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  • Noida denim makers see bright future

    With denims being a fashion statement amongst youth, domestic market is proving enough as the industry grows at 15 to 20 per cent, reports ET.

    Though the economic slowdown has had an impact on many sectors in India, the denim industry has been able to ward off major dent, owing to the rising demand in domestic market. Denim manufacturers and exporters in Noida say that the industry will be able to continue on the growth path on the back of domestic demand.
    "The business is doing great nowadays. Denim is a fashion statement," said Ajit Nigam, head of denim business at Shri Lakshmi Cotsyn, one of the major players in the region." He added optimistically that the denims market will further grow. Shri Lakshmi has its corporate and marketing office in Noida.

    According to Nigam, the industry has experienced a growth rate of roughly 15 to 20 per cent. "Even the production capacity in India has jumped up by almost 100 percent in the last 5 years. Players say that this growth rate is in extreme contrast with denim industry in other parts of the world where most of them have either stagnated or going downhill.

    Indian denim industry, as per Denim Club of India, will touch production capacity of 1.2 billion meters by 2015. The industry at present is producing around 1 billion meters of fabric. "The gulf between demand and supply is still huge with demand increasing at a rapid rate," said Rajesh Dudeja, founder of Denim Club of India. "Almost everything that is produced in India gets consumed, mostly at home turf with a little through exports." Denim Club India is a social and professional networking place for professionals involved in denim related activities.

    Experts believe that not just has the improving capacity of Indian companies a good sign, they have also been able to capitalise on the falling capacity of industry abroad.

    One of the main reasons for the bright prospects of denim industry in India is the increase in demand domestically. "Along with the capacity building of local companies, even the demand for denim has increased," said Nigam. "The Indian denim consumption per person is still low in comparison to its western counterparts, but it is catching up fast," he added.

    Dudeja of Denim Club of India cited the changing consumption trend. "When the production was 500 million, the fabric exports stood at nearly 200 million meters. After five years, when the production capacity is a billion meters, the export still stands at similar figure," he said.

    The main reason that Dudeja attributes to this is the swelling of demand for denim domestically. "There was no reason for the producers to go outside India anymore. Even the profits were better for them if stuck to India."

    There are many reasons for the increase in demand for denim. First and foremost is the demographic of India. Almost 50 per cent of Indian population is between the age of 15 and 35, which is the biggest consumer. And, this segment of consumers' disposable income is rising.

    Nigam said that for them, ratio of their domestic and export business is 90:10. He opined, "The price realisation that the manufacturers get also is much better in domestic market than in exported ones." Sri Lanka, Bangladesh and Guatemala are the main countries to which Shree Lakshmi Cotsyn exports its major denim products.

    He said NCR is an important market for all manufacturers. "There are nearly 6 manufacturers in a radius of 200 km, but most of the major players have their office in NCR since it is the largest market."

    However, he said that are certain bottlenecks that the industry has to deal with before it can reach an optimum performance level. "There are no good washing laundries in India which is a major factor when it comes to quality. A good laundry will help us improve our quality and range further."

    A denim product essentially goes through three stages of production before it hits the store. First is production of the fabric. "Though there are no mills at present in NCR, I believe a few players will enter the region soon," said Dudeja. He said that North India overall will become a major centre for denim fabric production as it has good production of cotton, which is the main raw material. The second stage involves stitching and garmenting and the last, and very important step, is washing.

    It is the washing that gives all the effect like fading, scratched, torn to a denim garment. "India is way behind countries like Turkey when it comes to washing and it needs to automate to be in the competition," Dudeja said.
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  • DND: Noida to Delhi to remain toll free till Feb 22

    Noida Toll Bridge Company Limited (NTBCL) today made the DND flyway toll free during peak hours till February 22 for people moving towards the national capital from Noida, following a request by the police in this regard to prevent long traffic jams.

    NTBCL, which manages the Delhi-Noida Direct (DND) flyway, after a discussion with Noida police made the announcement.

    "For Noida to Delhi route, toll will be free from 9 AM to 10 AM and 5 PM to 7 PM," NTBCL spokesperson said.

    DND flyover will be toll free for commercial vehicles, they, however, will have to pay the MCD toll, the spokesperson said adding, "Toll from Delhi to Noida will be charged as usual."

    The toll free schedule on Noida to Delhi route will remain effective till February 22, he said.

    The decision was taken as the Kalindi Kunj Yamuna Bridge has been closed on Noida to Delhi route for repair work till February 22, forcing the authorities to divert the traffic to DND flyway which led to long traffic jams at Noida toll plaza and in the city.

    Police had yesterday requested the DND flyway operator to make it toll free during the peak hours.



    DND: Noida to Delhi to remain toll free till Feb 22 - The Times of India
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  • Read an article on today Economic Times
    "Correction in Real Estate market around the corner"
    Attachments:
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  • ग्रेटर नोएडा में मेट्रो की पहुंच दो तरफ से होगी। एक्सप्रेस-वे की तरफ से जाने के साथ मेट्रो ग्रेटर नोएडा वेस्ट होते हुए भी बोड़ाकी तक जाएगी। प्रथम चरण में नोएडा के सिटी सेंटर से होकर नोएडा-ग्रेटर नोएडा एक्सप्रेस-वे होते हुए परी चौक, बोड़ाकी रेलवे तक मेट्रो जाएगी। द्वितीय चरण में नोएडा सेक्टर-71 होते हुए ग्रेनो वेस्ट, 130 मीटर चौड़ी सड़क के बराबर बोड़ाकी तक मेट्रो जाएगी। दोनों फेस के मेट्रो का निर्माण एक साथ शुरू कर तीन वर्ष में पूरा करने का लक्ष्य निर्धारित किया गया है। यह घोषणा रविवार को ग्रेटर नोएडा प्राधिकरण के 23वें स्थापना दिवस पर सिटी पार्क में आयोजित समारोह के दौरान प्राधिकरण के मुख्य कार्यपालक अधिकारी (सीईओ) रमा रमण ने की। उन्होंने कहा कि मेट्रो परियोजना शहर के विकास में प्राथमिकता से शामिल है। 11 जनवरी को हुई बोर्ड बैठक में निर्माण को लेकर फैसला हो गया है। दिल्ली मेट्रो रेल कारपोरेशन के साथ जल्द बैठक कर निर्माण की कार्ययोजना तैयार की जाएगी। मेट्रो के आने से ग्रेटर नोएडा में विकास को तेजी से गति मिलेगी। साथ ही अन्य शहरों के लोगों को ग्रेटर नोएडा से सीधे जुड़ने का मौका भी मिलेगा।.... Dainik Jagran....
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  • Builder's borewell dismantled in Noida

    The task force, set up by Noida Authority to stop extraction of groundwater by builders, inspected several sites of private developers on Sunday and found a project in Sector 93B flouting the National Green Tribunal's order. Late in the evening, the task force dismantled the borewell used by the developer.

    The tribunal recently banned extraction of groundwater for construction activities in Noida and Greater Noida till the next hearing on February 8.

    The task force has been visiting several sites along Noida-Greater Noida Expressway since Saturday. "The task force on Saturday found a borewell at the site in Sector 93B. The developer's staff had promised to dismantle it immediately. However, even on Sunday, the task force found the borewell running," said Manoj Rai, nodal officer to the task force. "Our task force dismantled the borewell and strictly alerted the developer not to repeat the violation," Rai said.

    Despite several attempts, the developer could not be contacted.

    The four-member task force, which includes an engineer and a police official, has been randomly visiting construction sites, making videos and taking photos to establish whether groundwater is being extracted.


    Builder's borewell dismantled in Noida - The Times of India
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  • Rise in multi-use residential and commercial projects at Noida

    Sectors 18, 25A and 32 of Noida have seen development at a fast clip making them hotspots for residential and commercial activity.

    These sectors enjoy great connectivity with Delhi, being only 3.5km away, and offer a huge potential for real estate development. No wonder that world-class multi-use residential and commercial projects, existing and developing, have changed the face of these sectors.

    Surrounded by green areas and huge open spaces, these sectors are some of the finest integrated developments ever built in the Delhi NCR region.

    At present, a major commercial complex is operational in Sector 18, which has been developed as sub-district commercial centre. Noida’s Master Plan 2031 proposes a city-level commercial centre in Sectors 32-25A, and has allocated about 98 hectare for its development. Other commercial centres have also been proposed along the Noida-Greater Noida Expressway and major arterial roads across different places in the city.

    The proposed city centre in Sectors 32-25A, located in the central part of the city, is going to be an important commercial-cum-residential hub. Developing sectors like Sectors 18, 25A and 32 have excellent connectivity like the Metro link and direct road connectivity with Delhi, Ghaziabad, and Faridabad, and have the potential to emerge as the residential and commercial core of Noida.

    According to the master plan, these sectors will house leading shopping and business establishments, hotels, service apartments, offices, and commercial and housing projects. These sectors are also designed to provide space for different cultural activities.

    Realty projects in Sector 18

    Sector 18 is located in the heart of the premium central business district of Noida and is developing fast. A number of existing and forthcoming entertainment zones, commercial complexes, shopping malls and restaurants are promising to provide local residents and visitors the same feel as Connaught Place.

    Looking at the potential of this commercial hub, top-notch developers like DLF, Wave Infratech, Unitech, 3C Group, etc, have moved into the area with ambitious projects. A recent addition to this area is the announcement of Wave Group’s Wave Vertica, a 48-floor mixed-use development with 3 million sq ft.

    After successful launching Centrestage Mall (shopping-cum-multiplexes mall at Noida ), Wave Infratech has recently opened Wave Silver Tower and launched Wave Vertica, one of the tallest commercial-cum-residential project offering retail, office space, residential and serviced apartments and a 5-star hotel.

    The retail space has been designed keeping the high street concept in mind where prospective customers can walk into a store directly. The recreation spaces in this project have been designed by FORREC Ltd. Wave Vertica will have six screens and a seating capacity for nearly 1,500 viewers with the largest screen sizes.

    Wave One, another major project of Wave Infratech near Centrestage Mall and Radisson hotel, will be an ultramodern commercial building with offices, retail space and a multiplex. This stateof-the-art 41-floor building will have 2 million sq ft of commercial space on offer. With better access and connectivity from Delhi, Mayur Vihar and Greater Noida, Wave One will have huge catchment area in terms of footfalls.

    DLF, another top reality player, is going to launch Mall of India near hotel Radisson in Sector 18. This mall is has a built-up area of nearly 27,07,575 sq ft and a gross leasable area of 16,00,000 sq ft. Mall of India is expected to become operational by the middle of this year, and the developer says it is India’s first mall to offer six floors of shopping and entertainment.

    Multi-use residential and commercial projects in
    Sectors 25A and 32

    Developers like Wave Group and Logix are developing some of the largest multi-use residential and commercial projects here. Wave Infratech is developing a world-class leisure and residential community over 152 acres, roping in international consultants like SOM, IMXD, FORREC, AECOM, ARUP and NOSTRI. The project offers 20 lakh sq ft of mall area while 4 lakh sq ft has been dedicated to indoor entertainment facilities like a snow park, a water park and a theme park.

    R K Panpalia, the MD of Wave Group, says: “Sectors 32-25A and the surrounding areas have a high density of residential communities and Wave City Center is easily accessible to these places. The first phase of this project has 9.5 million sq ft of development including studio apartments, high street shop condominiums, an office block, 1,400 residential apartments and a business hotel, all slated for delivery by 2016. Under Phase 1, Wave City Center has launched Wave Amore and Wave Trucia, premium serviced residences in 2-, 3- and 4BHK format.”

    “In addition, we have recently launched Eminence. This project will offer 240 exclusive ultraluxury serviced residences, coming in luxurious floor areas of 3,073 sq ft and 4,261 sq ft. Located in Sector 32 and 25A, Noida, these residences are located in close proximity to Delhi, Noida City Center Metro station, Sector 18 market, DND toll bridge and Noida golf course,” Panpalia said.

    Another world-class project by Logix Group, Logix City Center, is also coming up in Sector 32, Noida. Logix Group is developing this mega commercial project on 6 acres and this is one of the first mixed-use commercial projects planned in the heart of Noida city. The Logix City Center will have over 7 lakh sq ft of retail and entertainment, over 4 lakh sq ft of premium corporate office towers along with a 250-key 5-star deluxe hotel and a 150-key business hotel by Hilton Garden Inn. Shakti Nath, the CMD of Logix Group, says: “Strategically located at the City Centre, Sector 32, Logix City Center is one of the largest green integrated commercial destinations with retail, hospitality and corporate offices.

    “To provide a complete entertainment package, we will bring the largest PVR entertainment city hosting a 28-lane bowling alley by BluO, a 15-screen state-ofthe-art multiplex by PVR, lavish food court by Food Union with casual dining restaurants. “The project will also offer Excelsior Apartments, which are fully integrated with all recreational and leisure amenities and offer the best in design and quality.”

    Source: Times Property, The Times of India, Delhi/NCR
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  • मार्च में टेंडर जारी, डेढ़ साल में पूरा होगा काम!

    Jan 28, 2013, 08.00AM IST
    एनबीटी न्यूज ॥ नोएडा
    सेक्टर-94 में प्रस्तावित अंडरपास के डिजाइन को इस हफ्ते आईआईटी दिल्ली से अप्रूवल मिलने की उम्मीद है। इसके बाद अथॉरिटी सेक्टर-35 और सेक्टर-94 के अंडरपास के टेंडर मार्च में एक साथ जारी करने की प्लानिंग कर रही है। अथॉरिटी अफसरों का कहना है कि टेंडर जारी होने के डेढ़ महीने बाद दोनों अंडरपास बनकर तैयार हो जाएंगे। बता दें कि सेक्टर-35 चौराहे के अंडरपास की डिजाइन को चार दिन पहले ही आईआईटी दिल्ली से अप्रूवल मिला है।
    तीन अंडरपास बनाने की है प्लानिंग
    अथॉरिटी अफसरों के अनुसार कालिंदी कुंज टु ग्रेनो वेस्ट तक के रूट को सिग्नल फ्री बनाने की प्लानिंग के तहत 3 अंडरपास बनाने का निर्णय लिया गया था। इसमें से दो को तो लगभग ग्रीन सिग्नल मिल चुका है। वहीं सेक्टर-71, 72 में प्रस्तावित तीसरे अंडरपास की प्लानिंग में बदलाव किया गया है। अब यहां अंडरपास के साथ फ्लाईओवर बनाने की योजना है। जानकारी के अनुसार सेक्टर-35 अंडरपास का निर्माण करीब 50 करोड़ रुपये की लागत से किया जाएगा।
    सेक्टर-94 अंडरपास बनेगा 35 करोड़ में
    अथॉरिटी के वर्क सर्कल-9 के इंचार्ज मुहम्मद इशरत ने बताया कि सेक्टर-94 और सेक्टर-35 अंडरपास के टेंडर एक साथ जारी करने की योजना है। फिलहाल सेक्टर-35 के रिवाइज्ड डिजाइन को आईआईटी दिल्ली ने अप्रूवल दे दिया है। वहीं इस सप्ताह सेक्टर-94 अंडरपास के डिजाइन को अप्रूवल मिलने की उम्मीद है। इसके बाद टेंडर की प्रक्रिया शुरू की जाएगी। उन्होंने बताया कि सेक्टर-94 अंडरपास को करीब 35 करोड़ रुपये की लागत से बनाया जाएगा। पूरा रूट होगा सिग्नल फ्री
    मुहम्मद इशरत ने बताया कि सेक्टर-94 अंडरपास को सरिता विहार फ्लाईओवर के पैटर्न पर बनाने की योजना है। इसमें सरिता विहार, कालिंदी कुंज से आने वालों को सेक्टर-94, 124 साइड जाने के लिए रोड के नीचे अंडरपास की शेप में बने क्लोवर लीफ से जाना पड़ेगा, जबकि ऊपर से कालिंदी कुंज से सीधे ग्रेनो वेस्ट तक जाने में केवल सेक्टर-71/72 के सिग्नल पर रुकना पड़ेगा। यहां अंडरपास और फ्लाईओवर बनाने की प्लानिंग है। इसके बनने के बाद यह पूरा रूट सिग्नल फ्री हो जाएगा।
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  • Affordable housing draws realty investors to Noida

    Delhi/NCR

    The fast developing city of Noida is a good place for investment. Improving infrastructure, fast connectivity and rise in demand of affordable, mid- and luxury-housing segments continue to attract buyers despite the health of the economy.

    Knight Frank India, a real estate advisory firm, says in its Investment Advisory Report that with property options ranging from Rs 3,200 per sq ft to Rs 15,000 per sq ft and investor returns in the range of 18.6-29%, Noida and its surrounding areas will emerge as a promising asset class for the next five years.

    Noida has become a focal point for the real estate owing to its close proximity to Delhi and enhanced connectivity with the rest of the NCR through a strong logistic network. With a lot of developmental initiatives being undertaken by the Noida authority, the city is being considered as the second wellplanned city after Chandigarh. The demand for residential and the commercial property in Noida is increasing every year at a very fast rate. Recent reports suggest that amongst all the property markets the appreciation of Noida property is one of the best in the NCR region. It is not merely the end users who are interested in buying properties in Noida but also investors.

    Earlier, most of the investors had difficulty in choosing between the properties of Noida and Gurgaon. The comparison between the real estate of Noida and Gurgaon takes into account many factors, but Noida has an edge when it comes to the pricing factor. The working class is increasingly seeking out Noida as the best destination for investment as the area gives them a very good return on investment (ROI).

    For example, some of the housing projects like Unitech Grande, JP Wish Town, Amrapali’s Heartbeat City, Hanging Garden, Antriksh Golf City, ATS Pristine, Supertech’s Supernova, Paramount Floraville, Ajnara Daffodil, Prateek Edifice, Logix Blossom Greens, Gulshan Ikebana, etc, on the Noida Expressway have gained an appreciation of about 20-25% within eight months of their launch.

    Noida, which was established under the UP Industrial Act of 1976 to set up an industrial town and provide residential units, has undergone a paradigm shift in the last few years. Noida is a well-planned township with more than 5,000 industrial units and a population of over 6 lakh. Good planning has made Noida a nerve centre of investment; a large chunk of IT industries, all the major IT companies included, are eyeing this city to set up their development centres. HCL, Logix, Wipro, Accenture, Adobe, Birlasoft, Patni Computer Systems, CSC, , Sapient Corp, IBM, Opera Solution, NIIT, SG Micro, etc, have already set up their IT units here.

    New projects

    The frenetic rate at which major builders and developers are launching large housing and township projects tells the whole story of the fruitful investment opportunity in Noida. Experts, analysts, developers and even buyers are agreed that Noida is a great place to invest in real estate owing to its rapid connectivity with the rest of the NCR, improving infrastructure, etc. The demand for residential and commercial property in Noida is increasing by the year at a very fast and impressive rate owing to all the above mentioned reasons. Job opportunities, businesses, migrations, investment avenues, etc, are expected to double in Noida by 2014, experts say.
    Amit Yadav, an NRI, says: “I have booked a flat in Sector 143 on the Noida Expressway. The existing residential project has created a stir in the market by getting more than 80% booking applications in the first three days of its launch, which clearly indicates that along with the facilities offered by the project, location too plays a very important role.”

    Gursimer Singh Bindra, the director of Key Real Estate Services, says: “Noida is showing 30% appreciation in property prices annually, thereby earning large capital returns for investors and raising demand for property here.”

    Connectivity with Delhi

    The existing DND Flyover, Noida-Greater Noida Expressway and the recently-operational 165km-long Yamuna Expressway (Noida to Agra) provide very fast access to South Delhi, Faridabad and Gurgaon. The Metro rail-link (from City Centre Sector 32, Noida to Dwarka) has boosted the profile of Noida because it provides a rapid link to East Delhi and Central Delhi. Noida-Greater Noida Expressway is a six-lane highway connecting Noida to Greater Noida, another developing suburban city. The total length of the expressway is around 23km, with 3km in Greater Noida and the rest in Noida.

    Under the Noida Master Plan 2021, 40 new sectors have been planned along the expressway, which have been further divided into four zones. The existing expressway is undergoing an extension up to Yamuna Economic Zone and the proposed international airport and aviation hub at Jewar along the Yamuna Expressway. The recently inaugurated Yamuna Expressway connects two important destinations of national and international importance, the national capital Delhi and the world-famous tourist centre Agra. Both these places have high potential to generate traffic and economic development. Vijay Gupta, the chairman of Orris Infrastructures, says: “The Yamuna Expressway will accelerate the overall development of the region, as it is coming up along the proposed Yamuna Economic Zone and the Taj International Hub Airport.” Vineet Gupta, the director of Ajnara Group, says: “The huge urban areas of Noida and Greater Noida are now assured of easy accessibility with Aligarh, Mathura and Agra.

    Safe and shorter travel time in the region will accelerate land development along the Yamuna Expressway in a planned manner for commercial, industrial, institutional, entertainment and residential purposes. Thus, projects along the Yamuna Expressway are a great investment opportunity.”

    Anil Sharma, the CMD of Amrapali Group, says: “Noida will have more townships, commercial headquarters, shopping malls, worldclass theatres, and infrastructural development. Also, there are a number of tourism and entertainment projects under development here. All the above factors make Noida an affluent, self-sufficient city and a great investment spot. Prices of Noida property are on an upswing, thus making it the right time to invest in different real estate projects to ensure higher returns.”

    Rakesh Yadav, the MD of Antriksh Group, says: “With improving infrastructure and increasing demand for affordable housing segments, Noida is fit to deliver on all these expectations. For developers and builders like us, Noida has always been a focal point of all our developments. Noida has still a huge scope for new developments and with the Metro expanding its network inside Noida, things can only look up further.”

    Source: Times Property, The Times of India, Delhi/NCR
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  • सेक्टर-35 में परेशानियों के कई घर

    स्थानीय लोगों का कहना है कि सिटी सेंटर मेट्रो स्टेशन के पास चल रहे एक बिल्डर के काम से काफी दिक्कत हो रही है। तेज हवा चलने पर साइट पर मौजूद रेत व मिट्टी घरों में उड़कर आता है। उड़ती मिट्टी व रेत के बीच वहां से पैदल चलने वालों को भी दिक्कत होती है। लोगों ने बताया कि हम लोग शुरू से ही मांग कर रहे हैं कि रोड की साइड से इस एरिया को नेट से कवर करते हुए यहां कंस्ट्रक्शन का काम किया जाना चाहिए। पिछले दिनों कुछ दिन के लिए ऐसा किया भी गया था, लेकिन अब फिर पहले जैसा हाल है।
    ओपन नाला नहीं हो रहा कवर
    सेक्टर की दूसरी साइड में ओपन नाला है, जिससे निकलकर हवा में घुलने वाले केमिकल का लोगों के स्वास्थ्य पर खराब असर पड़ रहा है। इस नाले को कवर कराने का प्रपोजल कई साल से फाइलों में अटका है। इतना गंभीर मसला होने के बाद भी इस पर ध्यान नहीं दिया जा रहा है।
    डंपिंग ग्राउंड भी जी का जंजाल
    सेक्टर-35 की तीसरी साइड का हाल और बुरा है। यहां लोगों के घरों के सामने डंपिंग ग्राउंड बना हुआ है। इसमें कई सेक्टर का कूड़ा इकट्ठा करके फेंका जाता है। जरा सी हवा चलते ही इन डंपिंग ग्राउंड की बदबू लोगों के घरों में जाती है। इससे लोगों का जीना मुहाल हो जाता है।
    सेक्टर की परेशानी, खुद लोगों की जुबानी
    कं स्ट्रक्शन साइट पर शुरू से ही नियमों की अनदेखी कर काम चल रहा है, लेकिन नोएडा अथॉरिटी इस मामले में गंभीर नहीं है। इस काम से लोगों को बहुत दिक्कत हो रही है।
    -पंकज नागपाल
    अक्सर ऐसा होता है कि सुबह-शाम ऑफिस के टाइम भी यहां की सड़क पर ट्रकों की लाइन लगी रहती है। इस वजह से आने-जाने वाले लोगों को देर तक इनमें फंसना पड़ता है।
    -निपुण गुप्ता
    ओपन नाले से स्वास्थ्य को नुकसान पहुंचाने वाली गैस निकलती है। इससे एसी व बिजली के उपकरण भी जल्दी खराब हो रहे हैं साथ ही लोगों के स्वास्थ्य पर भी इसका खराब असर पड़ रहा है।
    - महिपाल सिंह
    लोगों के घरों के सामने डंपिंग ग्राउंड स्थित है। इससे लोगों को काफी दिक्कत होती है। जरा सी हवा चलते ही बदबू निकलने लगती है और लोगों का सेक्टर में रुकना मुश्किल हो जाता है।
    - एस . के . त् यागी


    सेक्टर-35 में परेशानियों के कई घर - Many of the problems in the home sector -35 - Navbharat Times
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