About 440 residential plots up for grabs near Jewar airport – ET RealEstate

GREATER NOIDA: Those looking to own a house close to the upcoming international airport in Jewar can now do so as the Yamuna Expressway Authority has launched a residential plot scheme.

Taking note of the demand for smaller plots, the Authority has floated a total of 440 residential plots measuring about 300 sqm. Earlier this week, the Authority launched some 367 industrial plots.

Officials said people will have time up to March 30 to apply for the residential plots. “Post-applications, the documents will be scrutinised. Allotment will be done through a draw of lots on May 5,” said YEIDA CEO Arun Vir Singh.

Sharing more details, the Authority officials said that the maximum number of plots (117) launched in the scheme admeasure 120 sqm. While plots measuring under 200 sqm will be available at the rate of Rs 16,870 for a sqm, the bigger ones will be offered for Rs 16,550 per sqm. The plots will be situated in sectors 17, 18, 20 and 22D along the Yamuna Expressway.

The industrial plot scheme will draw to a close on March 20 and allotment will be done through a draw of lots on April 15.

Industrial plots are being offered in Sector 33 for toy manufacturers, handicraft, handloom and furniture companies in Sector 29 and general industries or startups in sectors 32 and 33. Industrial plots will be allocated at the rate of Rs 6,670 a sqm.

While 24 plots are being offered in Sector 33 for toy manufacturers, YEIDA has earmarked 47 plots in Sector 29. Maximum number of industrial plots (296) will be available in sectors 32 and 33 to open general non-polluting industries.

YEIDA will develop the area and apart from constructing external and internal roads will also provide electricity connection, water connection, sewerage line and drainage system in the locality.



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Noida: Elegant Ville’s builder puts stickers over lift cavities to make the area safe – ET RealEstate

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GREATER NOIDA: Around 150 families residing at Elegant Ville in Noida Extension woke up to a surprise as the builder responded to their appeals for a second lift by sticking a life-size ‘lift’ sticker to cover the gaping cavities residents had pointed out were a safety hazard.

Around 600 flats in the project are incomplete and out of six towers, the project has only three complete towers. The three towers of the project where buyers have got possession are currently serviced by only one lift each tower. The project consists 750 flats of which around 150 are occupied since 2017 — the residents are currently living without completion certificates.

The project is also under construction and has inventory waiting to be sold. Residents claimed that they moved in because of “dual pressure of rent and home loan instalments.” With safety compromised, residents have been flagging the dangers of open lift cavities of the buildings as potential ‘accident zones.’ The project was initially sold over in 2010-11 and was supposed to be complete by 2015. The current group of residents only got their flats in 2017 and claimed that despite a large part of the project being incomplete, they moved in because they were ‘financially hard-pressed’.

“The project was supposed to be complete by 2015, they offered us possession in 2017 and said that all pending work would be complete in three months, but so far nothing has been done. At least 20 buyers have also made appeals with UP Rera seeking refund,” Sachin Gupta, a resident told TOI.

According to Gupta, the club, facilities like swimming pool, park, fire safety, STP, parking facilities are all incomplete at the project. The project had also reported a case of fire outbreak in February last year because of faulty electrical panels.

“The builder has put up stickers to cover the lift cavities to make the area safe and prevent accidents and also to give an aesthetic appearance,” said Arif Khan, administration officer at Elegant project.

In response to the complaints about the lift sticker, UP Rera officials on Wednesday said that they will look into the matter in details. “We will look into the lapses of the builder and the buyers’ complaints,” Balvinder Kumar, a member UP Rera, said.

The residents have been posting pictures of the life size ‘lift stickers’ on social media platforms since Wednesday morning.



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Greater Noida authority to build 10,000 flats under PMAY – ET RealEstate

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GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has decided to build 10,000 affordable homes for the economically weaker sections and low income groups under the Pradhan Mantri Awas Yojna (PMAY). These houses would measure between 245 sqft) and 323 sqft and would be built in sectors 1, 2 and 3 of Greater Noida

Officials said a survey to select beneficiaries would be conducted from February 1. The state government has given a target to build 50,000 such houses to the three authorities. It has also decided to allow builders to allot 10% of the land use for commercial purposes against an earlier rule of 1% to attract more developers to build these affordable housing.

“We have earmarked sectors 1, 2 and 3 for the affordable houses. They will be built with public-private collaboration under the PMAY scheme. For this, a survey of the beneficiaries will begin on February 1,” said Narendra Bhooshan, the CEO of GNIDA.

With an incentive to allow 10% of the land use for commercial purposes, builders will also be chosen to develop the houses. “The 10% land use for commercial purposes is a great incentive for the developer. The land can be used for building shops and market complexes,” said a source in the Authority.

Under the PMAY scheme, the builder will get a grant of Rs 2.5 lakh for every flat. Of this amount, Rs 1.5 lakh will be given by the Centre and the remaining money will be borne by the state government. The cost of each flat will range from Rs 6 lakh for the EWS and LIG categories. “According to the PMAY scheme, a minimum of 250 flats or 35% of the total number have to be delivered by the builder under the EWS category,” an official said.

The Noida Authority and Yamuna Expressway Industrial Development Authority (YEIDA) will also build flats under the PMAY scheme. Sources said while sectors 145, 152 and 154 may be shortlisted in Noida for such homes, Sector 18 off the Yamuna Expressway is being considered by YEIDA.



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Over 5,000 pending Amrapali flats up for grabs in Noida – ET RealEstate

NOIDA: State-run construction company NBCC has put up for sale over 5,000 unsold flats at various Amrapali projects in Noida and Greater Noida to help generate revenue for completing the different pending projects of the real estate group in the twin cities.

The sale of 5,229 unsold flats will be conducted by Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE), a company floated by NBCC to complete the pending Amrapali projects, under the supervision of the Supreme Court-appointed court receiver. And the sale date is expected to be announced through the website of the court receiver — www.receiveramrapali.in — and nbccindia.com, TOI has learnt.

In Noida, the flats put up for sale are from Sapphire I, Sapphire II, Silicon City 1, Silicon City 2, Princely Estate, Crystal Homes (Sector 76), Heart Beat City 1 & 2, Platinum and Titanium, and Zodiac. In Greater Noida, the units put up for sale are from Castle, Leisure Valley Villas, Leisure Valley-Adarsh Awaj Yojna, Leisure Valley-Verona, Leisure Park phases 1&2, Leisure Park-River View, Golf Homes, Kingswood, Centurian Park-O2Valley, Terrace Homes, Tropical Garden, Dream Valley-Villa and Enchante.

Amrapali’s various projects have a total of 46, 575 flats, of which some 8,416 units are currently getting registered. At present, NBCC is in the process of constructing 38,159 flats, of which 5,229 units are still unsold. And of the total that NBCC has to deliver, 1,031 units have already been completed. Unused floor area ratio (FAR) of the projects are also set to be put up for sale.

NBCC has so far completed and delivered Eden Park (Noida) and Castle (Greater Noida). The entire Amrapali project is slated for completion and delivery by December 2023. “The construction of all Amrapali projects are in progress and we are working simultaneously at many sites. At this stage, we are planning to sell the unsold flats to infuse funds. The buyers are also urged to pay up their dues on time,” an NBCC official said.

The commercial units of Amrapali, too, are likely to be put up for sale soon and include shops, nursery schools, nursery homes and milk booths, officials said.

NBCC has officially engaged over 15,000 workers and more than 100 engineers from its executing agencies, and 70 of its own engineers are also deployed at the Noida and Greater Noida project sites. The company has also installed 19 anti-pollution guns at different project sites to mitigate dust pollution. The projects are being executed under the supervision of the court receiver.



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