Jewar airport in mind, YEIDA readies 20-year master plan – ET RealEstate

GREATER NOIDA: How much population will settle down along the Yamuna Expressway in the coming years? For the first time, the Yamuna Expressway Authority will have a realistic population estimate as it is getting its master plan ready to meet the region’s future demands, keeping in mind the Jewar airport project.

YEIDA’s present master plan is drawing to a close since it had been prepared to handle the needs of the city up to 2021. Preparing for the next two decades, the Authority will shortlist a town planner and an architectural consultancy firm next month to prepare Master Plan 2041.

Established in 2001, YEIDA launched its first plotting scheme in 2009. Sitting over the largest land bank spanning across six districts at that time, the then town planner had estimated that by the end of 2021, about 21 lakh people would settle down in the colonies and apartments being developed along the expressway.

However, only a handful of apartments remain inhabited and a residential colony is yet to be developed. The present urban population staying under YEIDA’s jurisdiction is estimated to be under 25,000.

Officials said the failure of the Jaypee Sports City and delayed payment by the group took a toll on the long-term planning of the area. However, the buzz around the Jewar international airport has reignited the hopes of the Authority.

YEIDA’s CEO Arun Vir Singh said, “Developers who had been allocated land along Yamuna Expressway to develop apartments did not pay up their dues. Without money, development work came to a halt and projects floated by the Authority had to suffer.”

“Since land had been allocated, the population estimates for 2021 were based on the timeline of such projects. But things have been moving at a fast pace due to the Jewar airport. Our residential and industrial schemes floated in the past are nearing completion,” he added.

Singh said that the planning division of the Authority has been asked to sit together with the consultancy firm for a detailed discussion before finalising the population estimates for 2041.

According to officials, the focus will be on developing the land between Chola railway station to focus on promoting logistics and warehousing activity. YEIDA will also ask the consultant to make transport nodes and roads to boost the connectivity of Jewar airport to neighbouring districts as well as Haryana.

Source link

Smart water meters in Greater Noida in a year – ET RealEstate

GREATER NOIDA: Gearing up for 24/7 water supply, the Greater Noida Authority has decided to install smart water meters in households and other establishments across the city. More than 38,000 units will be covered under the project, of which 90% will be domestic connections, officials said.

To meet the needs of 10 lakh residents, the Authority has to augment the daily water supply to 210 million litres within a year. Water is supplied twice a day in Greater Noida, at present — three hours in the morning and three hours in the evening. Extracted from the ground, the treated water is stored in the reservoirs before being transferred to overhead water tanks in various sectors.

For a long period, residents groups had been petitioning the Authority to press water charges as per usage and consumption. Currently, the authority levies fixed annual charges as per the size of the plots. The charges vary between Rs 1,284 and Rs 14,892 for plots measuring between 60 sqm and 1,100 sqm, respectively.

GNIDA’s additional CEO Deep Chandra said, “The process to select an agency interested in installing smart water meters was initiated on November 11. By December 15, we are hoping to select the agency.”

Officials confirmed that the meters will be also placed in the 84 apartment complexes and 63 group housing projects developed by the Authority in the city. However, each apartment complex will be treated as a single unit and a bulk metre connection will be provided to them.

The Authority will also cover some industrial, IT, commercial and institutional establishments under the project. However, initially only a semi-bulk metre connection will be provided for an entire block instead of individual connection, officials said.
Smart water meters in Greater Noida in a yearThe Ganga jal supply in Greater Noida will begin in April next year and post that smart meters will also be installed. Officials said that the cost estimates will be finalised once the agency selected to execute the project provides the quotation for providing meters to a domestic, institutional, IT, industrial or apartment user.

However, the president of Federation of Residents Welfare Associations of Greater Noida, Devendra Tiger, said, “Greater Noida was supposed to be the smartest city in the entire NCR. But we are nowhere close to it. Ganga jal was to be supplied to households in 2013-14. Every few months, officials of the Authority issue fresh deadlines for the Ganja jal project.”

Source link

NBCC kicks off construction at Amrapali Dream Valley-II – ET RealEstate

File photo

NOIDA: In a major relief to Amrapali buyers, NBCC on Wednesday kicked off construction work at Dream Valley Phase–II, a stalled real estate project where the government-backed construction company has to complete 8,302 flats.

NBCC has awarded the project to Girdhari Lal Constructions and Altis Holding Corporation joint venture. A ‘bhoomi pujan’ was conducted at the project site on Wednesday.

Meanwhile NBCC officials told TOI that at present construction activity is in progress at 18 Amrapali projects in Noida and Greater Noida. The completion dates for a total of 39,017 residential units in these projects range from nine months to 36 months.

“So far, 695 units have already been handed over and around 2,500 more are likely to be given to investors by March 2021. The construction work at 18 projects are in full swing and to maintain the speed of construction, the homebuyers should promptly pay their dues,” NBCC senior executive director RK Aggarwal said.

NBCC has engaged 15,000 workers, over 100 engineers and 70 senior engineers for the completion activity, company sources said. “To help dust mitigation at project sites, we have installed 19 anti-smog guns. The entire construction process is being supervised by court receiver, R Venkatramani,” Aggarwal said.

“In addition to these projects, the tenders for Greater Noida projects — Leisure Valley-Varona Height 1 & 2 comprising 4,964 units — are likely to be awarded soon. Similarly, the tender process for Heart Beat-1 & 2, comprising 1,976 residential units, is in process,” the NBCC official said.

Source link

Amrapali homebuyers allowed to sell flats after clearing dues – ET RealEstate

File photo

NEW DELHI: Homebuyers seeking an exit from Amrapali Developers’ projects will now be able to do so as the court receiver has issued guidelines for resale of flats.

Some 40,000 apartments across Amrapali’s housing projects remain incomplete due to financial mismanagement. About a quarter of these homebuyers want to sell their yet-to-be-ready apartments but had not been able to do so as there was no clarity on rules.

As per the court receiver’s guidelines, they will have to clear all the dues and pay an additional Rs 200 per sq ft to be eligible for resale of their flats.

“Many homebuyers were not willing to take their flat even after the assurance of state-run NBCC (India) to complete the stuck housing units as per the schedule. To provide them a solution, a guideline has been prepared, where the buyer can sell the flat if he is fulfilling all the conditions,” said an NBCC official.

NBCC is involved in the completion of 23 housing projects by Amrapali. The estimated cost of completing these projects is about Rs 8,500 crore.

“To mitigate the problem of certain Amrapali homebuyers, it has been decided to allow the pre-registration stage transfers on a specific request made by any concerned Amrapali homebuyer. The facility is, however, not available for contractors, investors, financiers and ex-employee of Amrapali,” the guideline says.

The committee has decided to levy Rs 200 per sq ft as administrative charge, if the property lies in Noida or Ghaziabad, and Rs 150 sq ft if the property is in Greater Noida.

Homebuyers of Amrapali have started paying the outstanding amount from August, as per the latest payment schedule prepared by NBCC.

The state-run company has divided the stuck Amrapali projects into three categories and delivery of flats will start within six months.

As per the schedule, accessed by ET, over 10,000 homebuyers, who will get the possession by June 2021, will have to pay the remaining amount in four installments of 25%. The rest of the homebuyers are allowed to pay in 10 installments of 10%, as per the delivery schedule.

Source link