Noida jawar people hope to build again bypass

People have been demanding construction of bypass for several years from the administration and politicians, who have struggled with problems of encroachment and encroachment. Due to non-bypass in Jewar town, dozens of children, youths, women and men have died in road accidents in the last two or three years. After every incident the administration assures the creation of bypass, but after a few days the demand of the people is neglected by the carelessness of the officials.

After the death of two brothers after being crushed under a truck in a jewelery on Friday,  Jewar’s MLA Dhirendra Singh assured people to start construction of bypass shortly afterwards. This has given hope to the people to build bypass.

It is noteworthy that in the last several years, road accidents on Jewel-Tappal Road are Arman, son of Islam resident of Manhadipur village, Chirag, son of Girish, a resident of Modelarpura of Javre, Vineet, son of Jai Bhagwan, resident of Mauhallah, Dawood, and Son of Kalua, resident of Tappal Road. Zeeshan has died in road accident. Apart from this, the life of Neeraj Sharma’s father, Khillal and mother Princess, has also gone in road accident on Tappal road. A few years ago, the mass death of three women has also been done on the Tappal road. Apart from this, dozens of other people have also met road attendances in jewelery. After every incident people got the assurance of the bypass, but by now the bypass could not be made. Earlier, during the tenure of the SP government in the state, Banshi Singh, MLA of Khurja, At the same time, in the Jowar area, the width of the roads was enough to give rise to the case of construction of bypass. People have encroached and occupied the people due to negligence of adminidtrator on the streets of jewelery.

http://www.jagran.com/uttar-pradesh/noida-ncr-hope-to-build-bypass-in-jewar-soon-16647771.html?src=Search-ART-jewar-airport

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Yamuna expressway authority cuts interest rates on land allotment.

Yamuna expressway authority cuts interest rates on land allotment.

Besides reducing the interest rates, Dr Prabhat Kumar also released a schedule for possession of 10,500 plots and another 5,100 flats that were allotted in 2009.

The Yamuna Expressway industrial development authority (YEIDA) reduced the interest on instalments it receives from allottees by 1.35%. The cut in interest rate is likely to be effective from the first week of June 2017, after it is approved in the authority’s board meeting.

On Friday, Dr Prabhat Kumar, the commissioner of Meerut division held a detailed meeting with YEIDA CEO Arun Vir Singh and other officials.

“We have decided to charge only 10.65% interest, instead of 12%, on the due to be cleared by an allottee. We are planning to cut the interest rate by another 1.15% very soon. As banks have reduced interest rates, we want to pass on the benefit to our allottees,” said Dr Prabhat Kumar, chairman of YEIDA and Greater Noida authority.

“We will organise board meeting for the Yamuna Expressway area in the first week of June. We will approve the proposal of the rate cut on interest in that board meeting so that we can officially implement the decision taken to benefit the allottees. Once approved at the board meeting, we will put the new rates into effect. We are yet to decide the final date for the board meeting,” said Kumar.

Kumar has directed officials to take steps to ensure that allottees or homebuyers who have invested in areas along Yamuna Expressway do not face any hassles.

Besides reducing the interest rates, Dr Prabhat Kumar also released a schedule for possession of 10,500 plots and another 5,100 flats that were allotted in 2009.

For the last seven years, allottees have been suffering because of delayed possession. The authority could not give possession to allottees because farmers had approached the Allahabad high court over refusing to part with their agricultural land.

However, the authority has resolved a majority of the cases and settled farmers’ issues related with hiked land compensation, so that it can give possession to plot allottees.

“I have directed officials to expedite the process of giving possession of plots and flats to allottees,” said Kumar.

http://www.hindustantimes.com/noida/yamuna-expressway-authority-cuts-interest-rates-on-land-allotment/story-2OD5WMeTG2yEvcdhK72DpI.html

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Aggrieved home buyers yet to understand RERA benefits

Delhi/NCR

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.

http://content.magicbricks.com/property-news/delhi-ncr-real-estate-news/aggrieved-home-buyers-yet-to-understand-rera-benefits/91714.html

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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.

http://www.hindustantimes.com/noida/yamuna-authority-to-fund-study-of-jewar-airport-land/story-zbOx8QSYkvtPh9OxJkalbJ.html

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Jewar Airport may give much needed push to Noida Real Estate Sector

Ever since Yogi Adityanath has come into power and expressed interest in reviving the Jewar International Airport project, there have been talks of a rebound in real estate sector in Noida and Greater Noida. Jewar International Airport project holds significance as any kind of development in terms of infrastructure indicates a growth of real estate in the region. Experts believe that development like establishing an airport would give a much-needed push to the region’s real estate as demand for property will increase.

Real estate sector is on a revival mode and sentiments are looking positive with consumers/homebuyers coming back into the market. The government has also taken many measures to boost the housing sector. The Real Estate Regulation Act that will come into force from May 2017 is also expected to bring in many positive changes in the real estate sector. With the prices touching high levels in Delhi and Gurgaon, Noida and Greater Noida will become as an affordable choice for many homebuyers, especially the first time homebuyers. If Jewar airport becomes a reality, then all these factors could make Noida and Greater Noida region a strong real estate market.

Amit Modi, director, ABA Corp and vice-president, CREDAI Western UP believes development of infrastructure is directly related to the growth of real estate in the region, hence the development like Jewar airport will give a much-needed push to the demand in the markets of Noida and Yamuna expressway. “An airport in this region is a must as people from Agra come to take flight from IGI Airport, hence it is extremely important for the comfort of the resident population to build an airport in the region. Jewar Airport could prove to be a catalyst for Western UP’s real estate market. Real estate scenario in Noida and Greater Noida will improve with the coming of international airport as there will be residential, commercial, industrial and institutional growth in the area. With the reality of the airport, there will also be economic multiplier effect as it will bring a lot of demand for housing sector and office spaces will erupt along with strong capital appreciation in and around Greater Noida,” he added.

Jewar airport may give much needed push to Noida real estate sector, homebuyers be ready to invest

 

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Rites to Conduct Survey for Jewar Airport

GREATER NOIDA: The proposed Jewar international airport project is gaining momentum. Days after chief minister Yogi Adityanath revived the project, Yamuna Expressway Industrial Development Authority (YEIDA) on Wednesday appointed engineering consultancy company RITES to conductan obstacle limitation survey (OLS) for the same. The move came in the wake of the state civil aviation department asking YEIDA to get the process started immediately.

According to YEIDA officials, they have received a letter from the director of civil aviation, Lucknow, on April 25, asking them to expedite the survey. “In September last year, we had advised the UP civil aviation department to carry out an obstacle survey of the land where the airport is proposed since we do not have any expert to do the same,” said Arunvir Singh, CEO of YEIDA.

http://timesofindia.indiatimes.com/city/noida/rites-to-conduct-survey-for-jewar-airport/articleshow/58388737.cms

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