Yamuna Authority to fund Study of Jewar Airport Land

The Yamuna Expressway Industrial Development Authority (YEIDA) has, in principle, agreed to fund an obstacle limitation survey (OLS) of the airport site.

In the OLS, the authority will list details of overhead electricity lines, religious sites, minarets, big old trees, highrise buildings, ponds, rivers and wildlife habitat pertaining to the site for the proposed airport.

YEIDA officials on Tuesday evening received a letter from the department director of Uttar Pradesh civil aviation, Devendra Swarup, asking the authority to provide funds for OLS.

“We have, in principle, agreed to pay Rs1.25 crore for OLS, which will be conducted by experts. We will complete the formalities for this survey. It is an important exercise for setting up the airport,” a YEIDA official said.

Besides conducting an OLS, a team from the Uttar Pradesh civil aviation department will also meet YEIDA chief executive officer (CEO) Arun Vir Singh to discuss issues pertaining to the airport’s location, land and hurdles in the way of the project.

“There are clear directions from the UP government to expedite the work on the airport project. Once OLS is done and other clearances obtained, we will begin acquiring land. We have already earmarked 5,000 acres for the project,” Singh said.

In 2001, the then UP chief minister and current Union home minister Rajnath Singh had proposed a Greenfield Taj International Airport and Aviation Hub (TIAH) in Jewar. However, the project failed to take off in 16 years due to changes in governments at the Centre and the state.

Chief minister Yogi Adityanath on April 7 directed officials to expedite work on the project. “The chief minister has instructed all officials concerned to coordinate with the civil aviation ministry to get necessary approvals so that the project can be completed at the earliest,” a YEIDA official.

Officials said that it is likely that the project will be executed this time as the Bharatiya Janata Party (BJP) is in power at the Centre and the state. Officials said that an airport will help in economic growth.


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Upcoming  Second Airport in NCR – Best Time to Invest Property in Greater Noida

Upcoming Second Airport in NCR – Best Time to Invest Property in Greater Noida

The Possibility of NCR Second International Airport being built in Greater Noida’s  Jewar. The best time to investment in property on Yamuna expressway. Gaur Yamuna City an integrated township spread over approx 250 Acres of land located bang on Yamuna expressway  Few Kms Away From Up Coming Jewar International Airport,Next To software Technology park, with Many More multi  national companies & sophisticated residential  properties ,world class educational universities & healthcare facilities.Gaur Yamuna city is just opposite of F1 Track,near cricket stadium,& Night Safari, The 250 Acer Project would have more than 1500 Apartment, lakes,villa,school,Hospital,etc. Gaur Yamuna city is pre-certified green township by Indian Green Building council This is right time to investment in Property at Yamuna expressway Greater Noida.

For More Detail Login Site :- http://www.gauryamunacity.ind.in/jewar-airport-news Or Call – 8010519519

Tag:- Jewar Airport,Jewar International Airport,Latest News Of Jewar Airport,New Update Of Jewar Airport

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Aggrieved home buyers yet to understand RERA benefits


With the much-awaited Real Estate (Regulation and Development) Act (RERA) coming into effect from May 1, some buyers are hopeful it will end their woes but many are unaware about the benefits arising from the new regulatory regime.

Under the central law, each state has to notify rules and set up a regulatory authority to manage the real estate sector. Uttar Pradesh notified the rules last November, but is yet to set up a regulator. The law provides for strict penalties against promoters and builders for not fulfilling promises.

K K Kaushal, a flat buyer of Amrapali Dream Valley Project in Noida Extension, is not sure what the fallout of the new law would be. “RERA will take its own time. I don’t think we can expect RERA to come up with solutions very soon. We have hope from the new Uttar Pradesh government, though,” Kaushal said.

He had booked his flat in 2010 and was told that possession would be available by 2015. “It has been seven years and the project is not yet ready. Work came to a halt at the project site. It’s been almost two months, no work is going on at the site,” Kaushal told IANS.

Like Kaushal there are many such buyers who booked flats in that project and 600 of them have started a campaign against the developers. Some went and met Uttar Pradesh Chief Minister Adityanath Yogi in Lucknow, while many recently joined a candlelight march as a protest.

Amit Kumar, who booked his flat during the same time in Jaypee Greens in Noida, is still waiting for his flat, promised to him for 2013. But he’s hopeful that RERA might bring about a change.

“At least now, real estate developers won’t be able to take buyers for a ride. Buyers don’t have any rights in the country. There should be a panel comprising buyers, developers and bankers (who provide loans) to monitor the project,” he told IANS on phone from Oman.

Dushyant Naagar, a farmer leader, has been fighting since 2012 to rein in developers. “Lot of farmers are home buyers. Real estate developers collect money from buyers, even when the land is not cleared by the authorities. Almost 90 per cent of builders have not deposited money with the Noida Authority after taking money from the buyers,” Naagar told IANS.

He was promised possession of an Amrapali flat in Noida Extension in 2014. He says brokers should also face the same penalty as builders under RERA. He feels the new law will build pressure on builders who will now have to pay penalty for any delay. “This will be binding,” he added.


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