Wednesday, 19 February 2014

Ajnara Le Garden – Perfect Low Budget Homes



Budget is different as per different home seekers. If you are planning to purchase a residential property in delhi ncr and that is within 30 lacs, you must be getting confused where to buy the dream home. To answer all your anticipations and queries ajnara group have come up with one of their iconic project Ajnara Le Garden at noida extension. Ajnara le garden would be suitable for all your needs either its an investment or a house for living purpose. Its location, flat layouts, payment options and prices give it an edge on other projects in noida extension.

Location of ajnara le garden is one of the most perfect, it is just adjacent to the second roundabout which is having proposed metro station and huge commercial belt. Project main opening road is 45 meter wide and connecting the whole sector 16 of noida extension. Adjacent development is also spectacular, like residential development of supertech, rg homes, panchsheel, nirala and many more. Plot is corner and having direct access from all the three side having main roads on all the sides.

Flat sizes are the special attraction as having the most well designed and economic layouts. Minimum size units of 880 sq.t. is any day better bet and would be suitable for the masses. In spite of being economical it is having all the features of a more open and eco friendly home.





Tuesday, 18 February 2014

Metro link, industrial township top projects for twin cities in 2014


NOIDA: State infrastructure and industrial development commissioner (IIDC), Alok Ranjan, said on Friday that Rs 13,000 crore would be spent on infrastructure projects in Noida and Greater Noida this year. State government officials said that work on the Metro line expansion from Noida to Greater Noida would begin within three months.

Talking to TOI, Rama Raman, chairman of the Noida, Greater Noida and Yamuna Expressway authorities, said that he expects to lay the foundation stone of the 30km-long Metro link between Noida City Center station to Bodaki in Greater Noida by next year.

Earlier, Noida Authority had announced the formation of the Noida Metro Rail Corporation (NMRC) at a cost of Rs 1,000 crore to expedite the project with all formalities related to its formation.

“We are simultaneously working on forming the NMRC and pitching in the DMRC as a consultant for the project. The central government has already asked the NMRC to be formed while the proposal to form it with 100% equity by UP only is pending with the state government. We hope to get the green signal soon. Our intention is to start work for the Metro link next year. We are likely to decide the date of foundation stone laying ceremony soon. We are on way to complete the official paper work required to do so,” he said. Earlier, former Delhi CM Sheila Dixit had opposed the DMRC working outside the capital but officials are now hopeful that things would be streamlined soon and the Metro expansion in UP will take off soon.

The proposed Metro link will from the City Centre Metro station in Noida and would reach the Noida-Greater Noida Expresswaym, passing through Sector 32 via Sectors 51,83,101, 143, 147, Knowledge Park II, Alpha, Delta to Knowledge Park IV before touching Pari Chowk. A part of the track will be elevated while the rest of it will be on the ground. The estimated cost of the project is around Rs 5,000 crore, which would be borne by the Noida Authority and Greater Noida Industrial Development Authority (GNIDA). This 29.707 km long line will have 22 stations.

Ranjan stated that Rs 5,000 crore would be spent by Noida Authority with the Centre spending Rs 3,000 crore. The Greater Noida and Yamuna Expressway authorities would spend Rs 3,000 crore and Rs 2,000 crore each.

“The three cities are set to witness a bounty of mega projects in 2014 including metro expansion, heliport, NMRC (Noida metro rail corporation) formation, two new affordable housing projects, a state-of-the-art STP, a government inter-college for girls, construction orders for a medical university, a 200-bed district hospital with trauma centre, underpasses at City Center and sector 94 inter-section, a multi-level parking space capable of accommodating 3,000 cars in sector 18, Night Safari, civic center etc,” Ranjan said.
Raman said that this is the year infrastructure development for Noida, Greater Noida and Yamuna Expressway region.

With regard to other infrastructure projects, Raman said, “UP will enter into an agreement with the Centre to develop the state’s first integrated industrial township along the DMIC.”

The Greater Noida Industrial Development Authority (GNIDA) will form a joint venture with the DMIC Trust to execute the project. The Cabinet Committee on Economic Affairs had approved the proposal to set up the joint venture company with equity contribution of 50 percent from each partner. “The new entity is responsible for development of trunk infrastructure of the integrated industrial township at Greater Noida in the Dadri-Noida-Ghaziabad Investment Region of the DMIC,” Raman said.

“Under the ‘early bird project’, the Bodaki Railway Station will be developed as a Passenger and Commercial Cargo Hub. There will be a Multi Modal Logistics Hub at Dadri, a power project in Greater Noida, and a Mass Rapid Transit System (MRTS) between Dadri-Noida-Ghaziabad Investment Region and Delhi,” said Raman, adding that the project would cost Rs 1,714.7 crore.

“The project cost of Rs 1714.7 crore is proposed to be met by equity contribution of Rs 617.20 crore by the DMIC Trust and the state government. The equity from the state government would be in the form of land which would be transferred to the joint venture company,” he added.

The infrastructural industrial township is expected to attract private sector investments of over Rs 33,000 crore over a 30-year period and generate significant employment. It is also intended to lead to a multiplier effect in each of the target industry sectors, including backward and forward linkages with other sectors of the economy.
http://timesofindia.indiatimes.com/city/noida/Metro-link-industrial-township-top-projects-for-twin-cities-in-2014/articleshow/29687605.cms

National Green Tribunal seeks UP govt response on water bodies’ encroachment


NOIDA: The National Green Tribunal (NGT) has directed UP government to initiate within four weeks a process to remove encroachments from water bodies across the state. The government has also been directed to stop all construction activities that are at present being carried out over various water bodies in the state.

The directions have been issued by a four-judge bench headed by Justice Dr P Jyothimani during the hearing of an application related to encroachment in Ghaziabad district. In the application, filed by Ghaziabad-based environmental activist Sushil Raghav, it had been alleged that rampant encroachment of water bodies in the district had been leading to degradation of the region’s ecology and leading to a drop in groundwater tables.

The bench has asked UP government to provide the full list of water bodies in Ghaziabad, along with locations where these bodies have been found to be encroached upon and the actions it takes to remove them, by March 7. It will have to issue individual orders for stopping such harmful construction work across the state. Authorities of the areas – where the state government will issue directions to stop these construction works – will have to scrupulously implement the orders.

The tribunal has also issued notices to a number of state government departments and agencies over the encroachment issue. Notices have been issued to the UP State Industrial Development Corporation (UPSIDC), the UP Awas Evam Vikas Parishad (Housing Board) and the Ghaziabad Development Authority (GDA) after the tribunal was informed that few areas that have been stated to be encroachments are under the control of these agencies and departments.

The tribunal has suo motu impleaded the UPSIDC, the Housing Board and the GDA as respondents in the case.
http://timesofindia.indiatimes.com/home/environment/the-good-earth/National-Green-Tribunal-seeks-UP-govt-response-on-water-bodies-encroachment/articleshow/29576908.cms?

Work on parallel bridge at Okhla Barrage to start in February


NOIDA: The Noida Authority is set to start work on a six-lane bridge, parallel to the existing Okhla Barrage, this month bringing a sigh of relief to thousands of commuters who travel between Delhi, Noida and Faridabad. Technical bids for the project are to be finalized on February 3, while financial bids will be decided a week later. According to the officials, the construction of the Rs 150 crore bridge is expected to be ready in two years.

Officials further revealed that the Central Water & Power Research Station (CWPRS), Pune, Yamuna Action Plan (YAP) and IIT-Delhi have already approved the proposed project last year and it is being fast tracked according to the directions of the chief minister, Akhilesh Yadav.

The traffic on the Kalindi Kunj Bridge, linking Noida and south Delhi, has grown considerably in the past few years. Experts said that the narrow road which caters to nearly 1.5 lakh vehicles daily is no longer convenient.

CWPRS carried out detailed surveys and hydraulic model studies for the bridge in August last year. Moreover, factors pertaining to the soil, river flow, water pressure, pillar strength, etc have been tested by the agency to ascertain the design of the pillars and the width of the bridge.

The proposed 574m long bridge will be supported by 15 pillars, with a 41m distance between two pillars. It will also have a central verge and pedestrian pathways on each side. A cycle track is also on the cards. The new bridge will be at a distance of about 40m from the Metro track, which is currently under construction. It will have approach roads from Delhi and Noida.

In May last year, some amendments were made to the initial design of the proposed bridge. Initially, the Noida Authority had proposed to construct a parallel bridge between the existing Okhla Barrage and the upcoming Metro line. The new bridge will now be located below the Metro line. Also, a link road from the bridge has been proposed till the Mahamaya flyover, officials said.

A proposal for a parallel bridge was made nearly two years ago, as an agreement between Noida Authority and Noida Toll Bridge Company Limited — that has built and runs the DND Flyway — prohibited a competing facility for a period of 10 years.

Since DND became operational in February 2001, the agreement expired in 2011. This allowed the Authority to take up the project on priority and it gave the green signal to the new bridge in February 2011 by selecting a consultant and fixing a budget.

http://timesofindia.indiatimes.com/city/noida/Work-on-parallel-bridge-at-Okhla-Barrage-to-start-in-February/articleshow/29628246.cms

Panel constituted to oversee waste management project


NOIDA: Noida and Greater Noida authorities constituted an expert panel on Thursday to implement a joint project for municipal solid waste (MSW) management in the twin cities. The project is being designed with the target of handling approximately 650 metric tonnes of solid waste in the cities on a daily basis.

According to officials, the MSW project will be executed as a public-private partnership (PPP) model. The committee will plan, design and implement the project in Noida and Greater Noida. The authorities have sought the assistance of IIT-Roorkee to handle technical aspects of the project. The panel will be headed by Noida Authority DCEO, Akhilesh Singh.

Apart from collection, handling and segregation of solid waste, the authorities are also planning to generate revenue from by-products derived from the treatment.

The usage of the latest technology to maximize the revenue generated from the project is being considered. Officials said refuse-derived fuel (RDF) and electric energy are the two such by-products. “However, there hardly exists any market for RDF. We are looking at the option of converting municipal waste into energy,” said Samakant Srivastava, PE (Outer), who is in charge of the MSW project.

Waste-to-energy (WTE) technology is being mulled over because of the low footprint of the plant. Around 6-7mw electricity could be generated from the quantity of MSW generated in the two cities, said officials.
http://timesofindia.indiatimes.com/city/noida/Panel-constituted-to-oversee-waste-management-project/articleshow/29628584.cms

Monday, 17 February 2014

Fresh supply to rationalise land prices


According to the Delhi Development Authority’s (DDA) recently passed land pooling policy, private developers may directly acquire land from farmers/landowners willing to participate in the land pooling scheme (LPS), where they will get back 40-60 per cent of the developed land, instead of any compensation. DDA, in turn, will develop the necessary support infrastructure and mass/EWS housing projects on the land, while developers will receive a large portion of the same for further real estate development. The land pooling policy will prove to be positive for the National Capital Region (NCR) in the long-term, since land prices in the suburban markets of Gurgaon and Noida would eventually rationalise with fresh supply coming into the Delhi market.

Meanwhile, certain peripheral locations of Delhi with large land parcels-along the NH-1, North Delhi (Akbarpur, Mazra), North West Delhi (Rohini, Narela), West Delhi (Najafgarh, Dwarka), and areas of South Delhi (Masoodpur, Kishangarh, Chhatarpur, etc.) — have been witnessing price rises to the tune of two to three times over the course of about six quarters. Experts believe this to be a short-term trend, however, which is likely to rationalise once more supply of developable land comes into the realty market.

Land pooling in India
Land acquisition is a contentious subject in India. Quite apart from the challenges of acquiring clear and litigation-free titles to suitably-sized, contiguous land parcels for real estate development — it is a politically-sensitive issue in many parts of the country. In these times of increasing scarcity of space in urban India, open spaces demand a premium. As developers go vertical to maximise their space utilisation, realty projects requiring horizontal development — such as township projects, industrial corridors, and large-scale regional infrastructure development projects — face challenges primarily arising from hassle-free acquisition of adequate land.

Under the present land acquisition system, in case of private entity enterprises, freehold (state-owned and privately-owned) as well as leasehold (state-owned) land requires the consent of 80 per cent of the affected land-owning family; and the consent of 70 per cent in case of public-private partnerships (PPP). Moreover, compensation of up to four times the market value in rural areas and twice the market value in urban areas is also required; apart from a rehabilitation and resettlement package for the original inhabitants. In many cases the only way in which developers are able to circumvent such complexities is via land pooling.

As a method for assembling land for planning and development, the Town Planning Scheme (TPS) —also known as the Land Pooling Scheme (LPS) — is included in the Urban Development Plan Formulation and Implementation (UDPFI) guidelines of the Ministry of Urban Development and Poverty Alleviation. In fact, the Model Urban and Regional Planning and Development Law contains a separate section on LPS, where it proposes that planning and development authorities should prepare land pooling schemes for town planning areas under its jurisdiction.

Gujarat & Maharashtra models
The very first TPS in India was probably put into practice in 1917 for the Jamalpur area of Ahmedabad, Gujarat, following the Bombay Town Planning Act, 1915, which provided for the implementation of Town Planning Schemes. The TPS practice, which is extensively used in Gujarat, allows local planning authorities to develop commonly pooled land without compulsorily acquiring it. The process involves a joint venture between the local/metropolitan development authority and land owners, who voluntarily pool their land, redistribute it as plots among themselves after the planning process, and share the development cost. The most successful land pooling case study of recent times is probably that of the Magarpatta Township Development and Construction Company Limited (MTDCCL). More than 400 acres of land belonging to over a 100 farmer families was pooled together to create the integrated township of Magarpatta City in Pune. This development was envisioned as an integrated planned township with commercial zones (including IT parks), residential zones, and social infrastructure like schools, hospitals, shopping centers, hospitality and entertainment areas.

Following such successful models in Maharashtra and Gujarat, other state governments, like Tamil Nadu and Andhra Pradesh have also started considering such implementation policies for preparing comprehensive regional plans — particularly for addressing problems arising out of disconnected development along suburban/peripheral zones of major metropolitan centers, industrial corridors and large township development.

Upcoming plans
The Hyderabad Metropolitan Development Authority (HMDA) has recently proposed land pooling for approximately 250 acres within a kilometer-wide belt on either side of the Growth Corridor abutting the Outer Ring Road. In case the landowners agree to become partners in the development of the area, it is likely to be taken up as a pilot project. If successful, it will serve as a road map for future land pooling schemes for similar urbanization projects in the city. Similar initiatives include that of the Delhi Development Authority (DDA), which has recently passed a modified land pooling policy within the Master Plan Delhi 2021 (MPD 2021). DDA has identified approximately 200 villages along the outskirts of Delhi for this LPS. It intends to convert around 90 villages into ‘development areas’, and about another 90 into ‘urban villages’. All such identified village areas are together likely to free up more than 70,000 acres of developable land in the NCR.

The Delhi MPD 2021 is arguably the largest real estate opportunity in terms of state assurance and demographic demand for urban growth and development in the country. And the recently sanctioned land pooling policy is perhaps the first of many such state initiatives. Such Land Pooling Schemes will help solve issues related to the availability of land for necessary real estate development and infrastructure formation for India’s ever-increasing urban population-especially for the creation of urban green spaces, open public spaces and mass housing for EWS and low-income groups. There are as yet vast growth opportunities in the country’s realty sector. Especially where urbanisation and related large-scale infrastructure is concerned —India is yet to experience the full extent of population migrations to its established urban cores, which will put pressure on the existing urban infrastructure and mass housing.http://www.indianrealtynews.com/real-estate-india/fresh-supply-to-rationalise-land-prices.html


Toll plaza issue: IDFC may submit plaza plan in court, all eyes on Delhi HC


NEW DELHI: With the lead banker for the Delhi-Gurgaon expressway likely to submit a settlement plan before it, all eyes are now set on the Delhi high court which will take up the case on Monday. The Infrastructure Development Finance Company (IDFC), the project’s lead banker, has already had a round of talks with senior officials of the Road Transport and Highways ministry and NHAI.

Everything will depend on what the IDFC submits in its affidavit, which it has not shared with any of the government agencies, said NHAI officials. They said the top officials have already told the IDFC that they can only agree to the proposal of removing the 32-lane toll plaza at Delhi border. If that’s not acceptable to the lenders, the government would prefer to buy back the project by terminating the contract, which has so far been the government’s first option. In that case, NHAI would have to pay about Rs 140 crore to the consortium of the bankers led by the Housing and Urban Development Corporation.

Recently, IDFC chairman Rajiv Lall had told TOI that the project lenders will be submitting an affidavit in the Delhi high court for “satisfactory settlement of the case along the lines that has been under discussion for some time.”

Earlier, IDFC and the expressway concessionaire, Delhi Gurgaon Super Connectivity Ltd (DGSCL), had submitted a joint-letter to the NHAI stating that DGSCL will leave the project, paving way for a new player to operate the expressway corridor.

Soon after, the Delhi high court had given a fortnight’s time to both NHAI and IDFC to submit a complete settlement proposal, including removing the 32-lane Sirhaul toll plaza.

The NHAI and DGSCL have been embroiled in a bitter legal dispute after the authority issued a termination notice to the expressway concessionaire over frequent complaints of inordinate delays and chaos at the toll plaza. The NHAI also found irregularities in the manner in which the DGSCL had raised loans from IDFC and other financial institutions.

http://timesofindia.indiatimes.com/city/gurgaon/Toll-plaza-issue-IDFC-may-submit-plaza-plan-in-court-all-eyes-on-Delhi-HC/articleshow/29427452.cms