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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Greater Noida authority to auction 12 commercial plots with reserve price of Rs 370 crore – ET RealEstate

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NEW DELHI: The Greater Noida authority has come out with the auction more commercial plots and expects revenues of Rs 370 crore from 12 commercial plots it plans to auction by the end of the month.

It has already generated Rs 94 crore from two commercial plots.

The plots ranging from 2356 to 12,000 square metres in size have reserve prices between Rs 10 crore and Rs 75 crore.

“Builders, developers and investors, who are willing to invest in Greater Noida, can apply for these commercial plots. The plots are free of any hindrance and are acquired by the authority, and we also have lease plan ready,” said Narendra Bhooshan, CEO, Greater Noida Authority.

The selected developer will have to pay 30% at the time of lease while the rest 70% can be paid in four years.

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Greater Noida development body launches scheme for commercial plots – ET RealEstate

GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) on Thursday launched 14 commercial plot schemes and 11 fuel petrol/diesel/CNG/electric vehicle charging) station plots including space for retail outlets and ATMs.

A commercial plot scheme has been launched for interested builders, developers and investors which will be allotted by E-auction. This scheme will be floated monthly on an online/continuous basis from month to month basis. Under the scheme there are two kinds of plots 2 FAR (floor area ratio) and 4 FAR,” said Narendra Bhooshan CEO GNIDA.

While the first lot of 14 such plots are set for E-auction, there are five plots of 2 FAR plots which will be E- auctioned at Rs 46,190 sqm. These plots are available in sectors 36, Gamma II, Eta 1 and Knowledge Park 2. The size of these plots range from 2,356 sqm to 9,468 sqm.

Also, there are nine plots of 4 FAR which will be E- auctioned at Rs 66,000 sqm. These plots are available in sector 10, Ecotech 12, Delta 1 and Alpha 2. The size of these plots range from 2,500 sqm to 12,000 sqm.

Apart from this, under the fuel petrol/diesel/CNG/electric vehicle charging station plots including space for retail outlets and ATMs scheme, GNIDA has set aside 11 fuel station plots of 2,000 sqm which will be allotted in sectors 12, 20, Techzone 7, Eta2, Ecotech 1 Extension, Theta II, Xu 1, Mu 1 and Agricultural Green near Sport City. These allotments are set at reserve prices of Rs 44,250. “These fuel station plots will also have the facility of petrol/diesel/CNG/electric vehicle charging station facilities as well as space for retail outlets and ATMs,” said an official from GNIDA.



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Greater Noida residents seek clarification over multiple RWAs – ET RealEstate

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GREATER NOIDA: Can more than one RWA be allowed to function in a single colony? Residents of the city have demanded a clarification from the Greater Noida Industrial Development Authority (GNIDA) on the issue, with the latter initiating the registration process of multiple RWAs in each colony to offer them more rights.

Earlier this month, GNIDA floated the idea of setting up multiple RWAs in one colony.

The proposal was sounded out before the office-bearers of the residents’ associations through social media platforms. But the residents have upped the ante against the development authority for such a move.

Kailash Bhati, president of Sector 36 RWA, said, “Since the move to hand over the sectors entirely to RWAs has flopped, GNIDA has come up with another formula to weaken the residents’ groups. All this while sectors such as Alpha 1, 2, 3, Beta 1, 2, 3, Delta 1, 2, 3 and so on are being governed by a single RWA. Now, the Authority wants to divide them further into blocks.”

“As per their vision, A, B and C blocks in Alpha 1 can have different RWAs. The same model will be implemented in other sectors as well,” he added.

GNIDA, on its part, maintains that the unique plan has been proposed to manage the localities and residential blocks in a better manner. Officials said they had studied the model being followed for municipal governance in industrial townships across developed countries and found it highly successful.

“We will organise discussions with RWAs in the next few days to exchange notes on this aspect. The idea is to improve urban services and delivery within the sectors. Final decision will be taken only if residents are on board with the idea,” said Greater Noida Authority CEO Narendra Bhooshan.

Residents, however, feel that Authority has been looking for ways to pass on financial liabilities over to RWAs for the past few months.

Alok Nagar from Delta 2 RWA, said, “Even villages which have a population of 4,000 to 5,000 have only one pradhan. Creation of multiple RWAs will lead to animosity, factionalism and bickering among groups. Hence we are opposing the proposal. We will present local governance models of successful townships before Authority officials to put the point across.”



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