Welcome to CREDAI NCR

New group housing scheme

29th November, 2008

The Times of India

New group housing scheme
The Times Of India
To provide more housing to meet burgeoning demand, Noida Authority has launched a new Group Housing scheme in several sectors after a long time, says A K Tiwary
To make residents feel at home in Noida, nearly 40% of the total land is now earmarked for residential use, providing adequate accommodation at affordable rates, complemented by public amenities and other essential services.
Choice in housing ranges from big kothis to small flats; in individual plots, complexes and apartment blocks. Prominent are the group housing projects of the Army Welfare Housing Organization, Air Force and Naval Housing Board, Central Government Employees Housing Organization and Indian Railway Welfare Organization, besides various public enterprises like Indian Oil, PDIL, KRIBHCO, BHEL and NTPC. Housing societies and builders are flourishing here and cater to housing needs customized to match individual pockets.
To provide more housing segments under one roof, Noida Authority has launched a new Group Housing scheme in Sectors 50, 56, 61, 99, 100, 108, 110 and 121 after a long time. Under this scheme, there are a total of nine group housing plots, whose size varies between 40,000 and 80,000 sq mt.
All these group-housing plots will be allotted through two bid systems (both technical and financial bid). Applications have already been invited for this scheme with December 20 being the last date.
Reserved price of these plots for new Sectors like 100, 110 and 121 is Rs 20,400 per sq mt, while for old Sectors like 50, 56, 61 and 99 it is Rs 28,800 per sq mt. Earlier, Noida authority had allotted PACL India Ltd (on November 28, 2004), Delhi Metro Rail Corporation (on July 3, 2006) and Unitech Hi-Tech Developers Ltd (on July 13, 2006) in Sectors 44, 100 and 96, 97 and 98, at the rate of Rs 12,000 and Rs 11,520 per sq mt respectively.
According to Mohinder Singh, chief executive officer of Noida Authority, the flats offered by the authority have always had a preponderant position in Noida. From the beginning, when the township was started, to the present, and into the future, housing schemes like the recent Express-View Apartments will provide roofs over people of all strata.
All of these are supported by facilities that contribute to comfortable living in a pollution-free environment, including convenient shopping centres in every sector, ample medical facilities, recreation areas like the Noida Golf Course, Noida Stadium, Malls, cinemas, amusement arcades and other opportunities for diversion and relaxation.
This futuristic city also boasts of an unparalleled infrastructure with the Master Plan envisaging systemic development to enhance the quality of industrial as well as social life. It is, then, hardly surprising that it has emerged as a hot favourite of industrialists, professionals and entrepreneurs. Noida is a highly integrated township, offering facilities for all activities like industrial, commercial and residential.
“We are also going to launch both commercial and residential schemes adjacent to Delhi like Okhla, Jamia and Mathur Road after settlement of disputes with DDA over property rights. They were contesting over property rights (311 acre of land) for the last two decades. After a MoU between Noida Authority and DDA, DDA is going to bring a proposal for land use change in the next board meeting,” says Mohinder Singh. The authority estimates the price of the 311-acre land at Rs 20,000 crore.
Rakesh Yadav, managing director of Antriksh Buiders and Developers, says: “Undoubtedly, by next year the town will become compatible with ISO 9001:2000 norms, which will help the city gain a image on the global platform. Noida is developing at a tremendous speed and very soon it will be India’s foremost developing cities, in all aspects. This city falls in Seismic Zone IV. We need to take steps to protect our developing infrastructure before any natural calamity on disaster strikes the town.”
Keeping in view the potential for natural calamities on any other disaster, the group housing projects have been suitably upgraded to cope with them, says Rakesh.
Noida is becoming one of the preferred destinations for thousands of discerning families who wish to avail of all the advantages that a metropolitan city bestows.
Noida authority is committed to all raising all the required facilities, says Sanjiv Srivastava, MD of Assotech Limited, enumerating the territorial advantages like the proposed international airport, world-class infrastructure, privatized power and reliable water supply. The Metro work from New Ashok Nagar to City Centre via Mayur Vihar Phase 1 and Akshardham is also in full swing. Transportation facilities are improving by the day with Volvo-type buses plying here soon. To free bumper-tobumper-traffic, widening of internal roads that connect the sectors internally, and the also the main roads, has been completed. However, in view of increased traffic in future, a number of flyovers and underpasses have been proposed. Some have already been constructed.
Demands for industrial and residential land in the suburbs have already triggered a phenomenal growth. A number of industrial, institutional, commercial and residential schemes have been launched to meet the demand, in the past two months.

Content

If you have any complaint against "member real-estate developers - CREDAI NCR" click the button below to lodge a complaint.

LODGE A COMPLAINT