NBCC assures monitoring after Amrapali residents raised safety concerns – ET RealEstate

NEW DELHI: State-run NBCC (India) has assured the homebuyers of Amrapali of proper monitoring of ongoing construction work after residents complained of safety issues.

NBCC had started construction of over 16,000 flats of Amrapali in the last week of August while work on eight projects in Noida involving 11741 units in Silicon-1&2, Silicon-Crystal Homes, Sapphire I &II, Princely, Platinum/Titanium and Zodiac and three projects in Greater Noida- Centurian Park-Low rise and Valley, Leisure Valley Villa and Dream Valley Villas involving 2666 units are in progress.

Residents of Sapphire I, where over 90% of the flats are occupied, met the NBCC CMD on Thursday to complain about the safety issues while executing the work.

“We are not bothered about the how building will look but concerned about the safety issue. Primary concern is fire safety measure and seepage, which is making the structure weak,” said Preeti Kaushal, treasurer of the society.

Residents highlighted the poor workmanship of the contractor, lack of proper monitoring, safety and ecurity norms followed by NBCC contractor. The residents also highlighted need for an urgent rectification work in basements and shafts.

“Residents have requested for additional monitoring and we will post two more senior staff for the monitoring of ongoing construction work. The residents were assured that NBCC is following all due process,” said P K Gupta, CMD of NBCC.

In terms of monitoring residents requested that ED should monitor this project on monthly basis and should undertake surprise inspection of the site.

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

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Smartworks leases four lakh sq ft in Bengaluru and Mumbai – ET RealEstate

BENGALURU: Smartworks Coworking Spaces has taken more than 400,000 square feet of office space in Bengaluru and Mumbai on a long-term lease spread over 15 years in a bid to use the Covid-19 crisis as an opportunity to grow in a less competitive market.

With this deal, financial details of which were not disclosed, the Noida-based co-working spaces operator’s footprint has expanded to more than 4 million sq ft, with a total investment of Rs 250 crore so far.

“We are very bullish on scaling our business in the existing cities. We have leased over 1 lakh sft in Bengaluru alone in the last two months to clients across IT-ITes/BFSI and manufacturing,” said founder Neetish Sarda.

Smartworks has been growing in southern and western India since early 2019 and is expected to expand its workplace portfolio to 4.5 million sq ft by 2020-end.

“Smartworks has clocked over Rs 100 crore in revenue and has been profitable for an entire year at the corporate level,” said Sarda.

Currently, the company has 70, 000 seats spread across 31 centres in nine cities, including the National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad, Pune, Chennai and Kolkata. “We are growing as per our clients’ requirements and are seeing demand from large companies,” said Sarda.

In October last year, Singapore-based Keppel Land had invested US $25 million in Smartworks Coworking Spaces for a minority stake. The company plans to enter cities such as Bhubaneswar and Ahmedabad with small-format facilities in coming years.

It has a presence in nine major Indian cities – Delhi, Noida, Gurgaon, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai and Pune. Many large companies and e-commerce firms are likely to adopt a mix of core workplaces and external flexible options post COVID-19.

Co-working has been among the fastest-growing segments for the past three years. However, the segment saw a huge contraction in business due to the global outbreak of COVID-19.

According to the latest report by Knight Frank, smaller co-working space operators are expected to find it very difficult to weather the COVID-19 storm with around 3.2 msf of flexible space anticipated to be vacated by these operators in 2020.

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Land acquisition for Jewar airport hits roadblock – ET RealEstate

NOIDA: Going smoothly so far, the land acquisition process in the Jewar Bangar village to relocate over 3,600 people directly affected by the Jewar international airport project has now hit a roadblock, with 164 of the 224 plot owners raising objections.

While four of them have been dubbed as genuine concerns pertaining to incorrect entry of birth record, value of assets such as borewell or boundary wall, the remaining are over the rate of compensation being awarded. Instead of Rs 2,680 for a sqm, these land owners are demanding a minimum of Rs 3,180 a sqm, citing the additional Rs 500 per sqm being given to the residents of six villages affected by the airport project.

The development of a township over some 48 hectares in Jewar Bangar is the last task for the district administration in order to rehabilitate the 3,627 families affected by the airport project. In the absence of any resistance, the administration had declared the process of handing over award to the landholders on August 21 under the land acquisition act. Some 224 title holders were identified for compensation in lieu of land.

But now 164 of them have raised objections. The logic behind this demand is proximity to the 48.1-hectare land in Jewar Bangar to the urbanised Azad Chowk, the sub-division’s commercial hub.

Sarpanch of Gopalgarh village, Yogesh Talan, said,

“The circle rate of Jewar Bangar area was last revised in 2013-14. Moreover, the prevailing market rates hover close to Rs 20,000 for a sqmt in Azad Chowk. Also we are entitled to additional compensation of at least Rs 500 per sqm. We will launch an agitation if the administration does not increase the amount by at least Rs 500 a sqm.”

“The government can only take a call on the additional Rs 500 per sqm. We have offered them the highest rate as per the norms,” additional DM (land acquisition) Balram Singh said.

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NMRC to construct metro from Greater Noida to Botanical Garden by 2023 – ET RealEstate

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NOIDA: The route for the crucial second arm of the Aqua Line that will connect it directly with Delhi Metro at Botanical Garden has been finalised by the Noida Metro Rail Corporation (NMRC).

The 11.5km section will branch out from the existing Sector 142 station on the expressway and run straight to Botanical Garden, where it will have an interchange with the Blue and Magenta lines.

The line will significantly cut travel time between Greater Noida and the Noida Expressway sectors and Delhi because the Aqua Line currently takes a detour and terminates at Sector 51 where passengers have to get off and walk to the Blue Line to catch another metro to Botanical Garden.

The new line will also ease travel to IGI’s domestic airport for residents of Greater Noida and the expressway sectors because they can travel between their home station and the airport without having to leave the metro system and by changing trains just once (Magenta, at Botanical).

Aqua Line currently has no interface with Delhi Metro, affecting both its viability and ridership, which is why the need for this line was felt so strongly. The detailed project report (DPR), which the NMRC has finalized, will now be vetted by its board before being sent to the Centre for approval.

According to the DPR, the new Aqua Line section will be built on standard gauge with 11 elevated stations, including one at Botanical Garden. The targeted completion year is 2023. “The stations that are going to come up on this stretch will provide ample proximity to local residential hubs apart from bridging the gap with the Blue Line,” an NMRC official said.

Other than Botanical Garden, the other stations will be Sector 94, Sector 125, Sector 126, Sector 97, Sector 127, Sector 98, Sector 93, Sector 91, Sector 136, and Sector 142.
NMRC to construct metro from Greater Noida to Botanical Garden by 2023NMRC has two more extensions of the Aqua Line in the pipeline — from Sector 51 to Knowledge Park and from Depot to Bodaki in Greater Noida. These two lines are crucial to Noida’s urban expansion as well because they will cater to housing hubs like Greater Noida West, whose population will grow manifold over the next few years as developers hand over thousands of pending flats.

Tenders are likely to be floated for the construction of the Botanical Garden arm once the Centre gives clearance. NMRC had recently floated tenders for the construction of the Sector 51-Knowledge Park section but cancelled the tenders due to lack of adequate response. Officials said the Bodaki extensions was still being discussed and no timeline for construction has been decided.

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