DDA fast tracks Sanjay Lake View Complex project – ET RealEstate

NEW DELHI: Delhi Development Authority has put its ambitious Sanjay Lake View Complex project, which was on the backburner for the past few years, on the fast track. The project will have highrise apartments with uninterrupted view of the huge waterbody in east Delhi, apart from commercial units like hotels and lakefront plazas, promenades and skywalks.

The complex near Trilokpuri is one of the Transit Oriented Development (TOD) projects planned by DDA along with NBCC. It will come up adjacent to Trilokpuri-Sanjay Lake Metro Station of Pink Line on land measuring 10.3 hectares (25.3 acres).

The change in land use from commercial to residential was approved in a recent meeting of DDA chaired by LG Anil Baijal. “The project shall be developed for mixed use based on TOD norms. It envisions a transformatory role for the area and will enhance the local economy. It will help catalyse change and, eventually, restore a sense of safety and social pride in adjoining Trilokpuri and Kalyanpuri,” a DDA spokesperson said.

The project planned in 2015 included twin corporate towers, green area, studio apartments, old-age homes and hotels. However, the residential area was found to be more viable in the long run. The mixed commercial and residential development will ensure that the area remains active throughout the day, making it safer for women, all thanks to “eyes on the lake”.

This would be the second TOD project to be undertaken by DDA with NBCC after the Karkardooma project, which is bigger in scale and preliminary work on which has started.
DDA fast tracks Sanjay Lake View Complex projectThe TOD policy for Delhi was notified by Centre on December 24, 2019 as part of Master Plan of Delhi 2021. After consultation with various stakeholders, certain modifications were suggested in the policy. These included enabling developers to prepare Influence Zone Plans and integration and development of multi-modal transit hubs. Additional development control norms in terms of ground coverage, active frontage, parking and other building controls were also added.

“The policy envisages sustainability features for development of hubs such as zero waste discharge, 100% treatment and maximum reuse of wastewater, segregation and reuse of 100% green waste, at least 10% of the energy demand should be met through renewable sources like solar, etc,” said the DDA spokesperson.

DDA said people would be able to enjoy the view and amenities at the lake, such as boating, jogging, playing, etc. It believes the attractions would increase footfall, making the area more active round the clock. It added the project would not affect the Sanjay Lake catchment area in any way as no permanent constructions would be undertaken in the green area and only fully permeable and organic materials would be used.



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Lucknow’s Gomti Nagar railway station new design approved: RLDA – ET RealEstate

NEW DELHI: The Gomti Nagar Railway Station, which is being reconstructed by the Rail Land Development Authority (RLDA), will soon be a reality as its design has been approved by the Indian Institute of Technology-Delhi (IIT-Delhi) with RERA registration.

The RLDA is working on the reconstruction of the Gomti Nagar Railway Station in Lucknow in partnership with NBCC on EPC mode.

RLDA’s Vice Chairman Ved Parkash Dudeja said, “Gomti Nagar area in Lucknow is developing rapidly as a commercial and retail hub. The station is strategically located with excellent connectivity to other parts of the city.”

Dudeja said that the commercial space being constructed for lease sale of 60 years is in the close vicinity of Hyatt Hotel and the new DLF shopping cum office plaza.

“The aim of the Gomti Nagar Railway station redevelopment project is to equip it with state-of-the-art amenities to offer convenience to commuters besides upgrading it in line with global standards and to offer commercial space for boosting economic activities in the area. The re-development will boost real estate as well as the local economy,” the RLDA Vice Chairman added.

According to RLDA officials, the total construction cost is estimated to be Rs 360 crore out of which Rs 190 crore is meant for station development and Rs 170 crore for commercial development including two years maintenance.

RLDA officials said that the redevelopment involves two phases. In the first phase mandatory station development comprising station buildings, air concourse, food courts, renovation of platforms and utilities and in the second phase commercial development, including retail, basement parking and external development are being undertaken.

The redeveloped station will be equipped with amenities such as segregation of arrival and departure, basement parking, CCTV surveillance, centrally air-conditioned common spaces, an integrated building management system, treated water for horticulture use, and much more.

Gomti Nagar Railway Terminus (GTNR) is an under-construction railway terminus on the Barabanki-Lucknow Suburban Railway line in Lucknow.

The Gomti Nagar station currently has three platforms, with three more platforms being under construction.

The railways has approximately 38 acres of land at the Gomti Nagar Railway Station, of which eight acres is being utilized for both station re-development and retail and commercial development.

The property has frontage on Gomti Nagar Main Road, which further connects Shaheed Path and Pandera. On the other side, a second new entry Railway Station Terminal building is being developed as a part of the project.

Presently two commercial towers, Block R1 and Block R2 having combined built up area of 4,53,000 square feet are being offered by NBCC as a part of commercial development that will comprise retail outlets, parking etc. The average lease price is pegged at Rs 6,625 per square feet for Block R1 and Rs 5,900 per sq ft for Block R2.

The RLDA is a statutory body under the Ministry of Railways for the development of vacant railway land for commercial use in line with the objective to generate revenue by non-tariff measures.

Currently, Indian Railways has approximately 43,000 hectares of vacant land across the country and the RLDA has over 79 sites in different parts of India for leasing. The eligible developers for each will be selected through an open and transparent bidding process.



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NBCC to raise Rs 300 crore from auction of 4.5 lakh sq ft commercial space in Lucknow – ET RealEstate

NEW DELHI: State-run NBCC (India) Ltd is expected to raise Rs300 crore from a proposed auction of 453,000 sq ft of commercial space to support the redevelopment of Gomti Nagar Railway Station in Lucknow.

The project will also offer residential development of 8.5 acre, which will be leased out by Rail Land Development Authority (RLDA).

The total construction cost estimated for station development is around Rs 190 crore and the commercial development will further cost Rs 170 crore.

The railways has an approximately 38 acre land parcel at the Gomti Nagar Railway Station.

“Gomti Nagar area in Lucknow is developing rapidly as a commercial and retail hub,” said Ved Parkash Dudeja, vice chairman of RLDA. “The station is strategically located with excellent connectivity to other parts of the city. The commercial space being constructed for lease sale of 60 years is in the close vicinity of hotels and shopping complexes.”

Two commercial towers are being offered by NBCC as part of commercial development that will comprise retail outlets and parking.

Average lease price is pegged at Rs 6,625 per sq ft for Block R1 and Rs 5,900 per sq ft for Block R2.

The e-auction for commercial blocks is currently underway with the bidding closing on November 23.

A recent auction of 6,940 sq ft of land fetched Rs5.16 crore.

“The aim of the Gomti Nagar Railway Station Redevelopment Project is to equip it with state-of-the-art amenities to offer convenience to commuters besides upgrading it in line with global standards and to offer commercial space for boosting economic activities in the area. The redevelopment will boost real estate as well as the local economy,” said Dudeja.

RERA registration and approval of the design by IIT Delhi has recently been received, which will speed up the execution.

The station redevelopment involves mandatory station development comprising station buildings, air concourse, food courts, renovation of platforms and utilities.

There is a plan too for commercial development, including retail, basement parking and external development.

The redeveloped station will be equipped with amenities such as segregation of arrival and departure, basement parking, CCTV surveillance and centrally air-conditioned common spaces.



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By October, NBCC to start work on all 19 Amrapali projects – ET RealEstate

NOIDA: The government-backed National Buildings Construction Corporation (NBCC) said on Sunday it had doubled its workforce from 6,000 to 12,000 to expedite the completion of 19 pending Amrapali projects. While work on 17 projects is underway, one more was handed over to a construction company last week. The last one is expected to be handed over to a company by the end of October.

Since these 19 projects are in various stages of completion, NBCC would take from nine to 36 months to finish construction. In total, 43,518 flats are left to be handed over to buyers. The responsibility of constructing Dream Valley Phase 2 was handed over to a firm last week. The 19th pending project — Leisure Valley Verona Heights — is likely to given to a construction firm on October 28.

While the company managing Dream Valley has to construct 8,302 flats, Verona Heights has 4,964 flats pending. In projects that are partly complete and residents have already occupied flats, work on finishing them will go on simultaneously.

“We will be handing over the keys simultaneously and not wait for the entire project to complete. By October, we expect to award the completion of Leisure Valley Verona Heights too. Before Diwali, work on all pending projects should be in progress,” said PK Gupta, the NBCC chairman.
By October, NBCC to start work on all 19 Amrapali projectsNBCC has already handed over Eden Park and Castle projects. In the 17 ongoing projects, the government company has to roughly complete 30,715 flats. In the two other projects in which NBCC has now started work or will do so in a month, it has to deliver around 13,000 flats.On August 7, NBCC had announced it would complete and hand over at least 150 flats every month. On Sunday, the company informed that by the end of September, it had handed over 463 flats. NBCC had started handing over flat keys since July.

“We welcome this announcement by the company. But just as it is pushing for completion, the quality of construction is equally important for us. Attention should be paid to it as well,” an Amrapali buyer said.



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