Friday, November 2, 2018

In Noida, The owners to get full rights over homes the Noida Authority allow to freehold.

The Noida Authority on Thursday approved conversion of all leasehold property in the city to freehold, consenting to a long-standing interest from home and land-proprietors who would now be able to anticipate full possession rights.

The choice taken at the 195th board meeting, will require permission from the UP government before it becomes effective. When it does, the state — for this situation, Noida Authority — will stop to be the lessor of all private property in Noida. Accordingly, offer of plots, houses and pads can occur without a no-objection certificate from it. Noida was built up in 1976 under the UP industrial Act and the Noida Authority held the title rights of all land under it. It procured arrive from agriculturists and afterward made designations in different classes like private, industrial and business for a 90-year rent.

Conversion to freehold implies the adjustment in title possession, through a change, will be material to every private property, including plotted ones, builder floors and housing society flats. The choice, said real estate agents' affiliation Credai, will positively affect the drowsy land advertise in Noida.  But conversion charges are also likely to be applicable when one goes in for a mutation.

Noida's officer on special duty Santosh Kumar stated, "In leasehold property, the Noida Authority is the owner. In freehold, inhabitants will have ownership rights." This implies the owner is allowed to utilize the property for any reason, as per nearby directions. The deal and buy of freehold property likewise does not require assent from the state, and subsequently, means less paperwork.

Credai's NCR president Pankaj Bajaj stated, "In freehold property, no consents or exchange charges are payable while offering. Regularly, different things continuing as before, a freehold property will offer for around 10-15% higher than a leasehold property." This is attributed to the way that a freehold property is viewed as without encumbrance-fee.  Bajaj, however, cautioned that aspects such as freehold conversion charges and the kind of residual controls that Noida Authority keeps would also have an impact on the decision.

Residents welcomed the decision. NP Singh, president of the federation of RWAs, said this had been a key interest in gatherings with the Noida Authority for quite a long time."Residents will now get a feeling of responsibility for property. This will also facilitate sale and purchase of properties.”

The Noida Authority board also considered residents’ demand to allow sale of flats floor-wise in residential sectors but no decision was taken.

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Tuesday, September 25, 2018

By November Underpass To Be Disclose,The New Metro Link In Noida

Preparations are underway to inaugurate 3 projects like an international airport at Jewar on the Yamuna Expressway, a 2.5km elevated road above Dadri Road and a 5.5km elevated road above the Shahdara drain in November. The Noida authority is expected to unveil the 29.707km Noida-Greater Noida metro link and open the National Thermal Power Corporation (NTPC) underpass for public use by November-end. 

Alok Tandon, the chief executive officer of the Noida authority, aforesaid, we tend to try to complete all remaining work on the NTPC underpass before November. And the 29.707km Noida-Greater Noida Metro link also will be ready for the general public. two elevated road projects are going to be the other mega projects on that we'll begin work this year.
Whereas Dr. Mahesh Sharma, MP, Gautam Budh Nagar, aforesaid, we tend to hope that the Prime Minister inaugurates the elevated roads and therefore the Jewar airport, and opens the Noida-Greater Noida Metro link along at one event. we are working out the schedule to fix the date. metro work is almost ready and formalities for Jewar airport are almost finished.

NTPC underpass at the busy traffic intersection close to the NTPC in Sector 24-32, that has been delayed by nearly 2 years, is going to be inaugurated in November. The authority had started work on June thirty, 2015. The underpass has been built at a price of ₹55.55 crore. it's 640-meter-long and is at the intersection of sectors 24, 25A, 32 and 33A.

Noida-Greater Noida Metro link connects by the aqua Line through a 29.707km metro link is expected to be opened to the general public in November. The commissioner of metro rail safety is conducting inspections to provide safety clearances to create the way for operations on this link.

The Uttar Pradesh government’s Rajkiya Nirman Nigam is about to start work on the 5.5km elevated road above the Shahdara drain. the target behind this elevated road (that has an estimated budget of ₹550 crore) is to provide seamless connectivity to motorists who travel from east Delhi to the Noida expressway.

Construction on the 2.5km elevated road above the snarl-ridden Dadri-Surajpur-Chhalera (DSC) Road can begin with an aim to provide seamless connectivity to thousands of motorists. The stretch passes through Barola and Bhangel villages. In August 2012, the authority had formed the thought of constructing an elevated road for the first time.

Jewar International airport, Chief minister Yogi Adityanath assured farmers in a very meeting command in Lucknow on September 19 that the work on this project can begin in November. “Since over 70th of 5,926 farmers have agreed to provide their land for the airport project, the government can issue a notification to create the way for the land acquisition by next week,” Thakur Dhirendra Singh, MLA, Jewar, said. The estimated budget for the project is ₹15,000- 20,000 crore and therefore the airport is expected to be operational by 2022-23.
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Wednesday, September 19, 2018

On October 2, NTPC underpass in Noida will be Opened !

Noida authority chief executive officer Alok Tandon, together with other officials, on Tuesday, inspected the underpass site and directed the workers to finish the work by the end of September. Tandon conjointly inspected the sector 71 metro station, that is the initial station on 29.71 km Noida-Greater Noida metro link, that is expected to open by October this year.

The work on the project was held up owing to the delay in shifting utility services that were passing through the land earmarked for the project. The authority started work on the tunnel on June thirty, 2015, with a point in time of 2016-end. The underpass at the busy traffic intersection close to the National Thermal Power Corporation (NTPC) in Sector 24 & 32, that had been delayed by nearly 2 years, is going to be opened to the public on October 2, on the occasion of Gandhi Jayanti.
The underpass has been designed at a price of Rs 55.55 crore. it's 640 meters long and is at the intersection of Sector 24, 25A, 32 and 33A. The intersection popularly referred to as NTPC Chowk, is used by thousands of motorists daily. The authority has diverted the traffic at this intersection since the work started in 2015

Rajiv Tyagi, general manager, Noida authority, aforesaid that As per the directions of the CEO, we are going to complete the work on the NTPC underpass by September-end. it'll be opened to motorists on October 2. The project is nearly ready and that we are giving it final touches.
The authority had earlier planned to try and do the tiling work on the pillars and walls of the underpass.

Now, rather than the tiling work, we are going to plaster the walls and pillars and build artistic styles on them in order that the complete structure is a lot of pleasing to the attention. we are about to rope in a creator for the work. we tend to aim to end the plastering and painting work by September, Tyagi said.

Once this underpass is opened, motorists can realize relief from the constant snarls at the NTPC intersection. it'll ease congestion on the stretch that connects Sector 21 (Noida Stadium)/Sector 22 with Dadri-Surajpur-Chhalera (DSC) Road. The stretch can become signal-free because the city center intersection already had an underpass.

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Thursday, September 6, 2018

Noida Metro Aqua Line By October : Travel from Greater Noida to New Delhi will be Easy Now!!

Noida Metro Aqua Line: The much-awaited Noida metro aqua Line is probably going to be opened for commuters within the month of October. The new metro line can connect the residents of Noida and Greater Noida with the metro line, whereas additionally making metro travel to the national capital New Delhi easier. As several as twenty-one stations in Noida are going to be connected with the metro once the launch of NMRC's (Noida Metro Rail Corporation) 29.7 km aqua Line.

The first test run of the Chinese created four-coach train was made on the Acqua line on Tuesday. With the arrival of the metro, these areas are possible to check a boost within the economic activity. "The DMRC is presently working on constructing six extra stations to increase the Blue Line from Noida city center to Electronic city," PD Upadhyay, executive director of the Noida Metro Rail Corporation (NMRC) told Indian express.

The Aqua Line, being created at the price of Rs 5,503 crore, will begin from theta (Sector 70) in Greater Noida and can go through Delta 1, Alpha 1 and 2, Pari Chowk and knowledge Park 2. it'll conjointly connect Noida's Sectors 149, 144, 137, 81 and 50 among others. The aqua line, together with different metro lines like Magenta, Blue Line, and Blue Line Extension, can boost the increasing metro coverage in Noida. 

However, it'll take at least a year before the aqua line is going to be directly connected with the Delhi metro. The Aqua Line and also the Blue Line will meet at Sector 70, Noida, through a skywalk. The Blue line extension from Noida city center to Electronic city, Sector 62, will, however, be completed by Sept 2018. Total eleven trains can ply on this metro passageway.

Thus, On August 6, the DMRC had conjointly launched the new section of Durgabai Deshmukh-Lajpat Nagar in Delhi Metro's Pink Line. This new 8.1-km stretch could be a part of the Delhi metro Pink Line from Majlis Park to Shiv Vihar.
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Thursday, August 30, 2018

Noida Metro may launches 250 feeder buses for connectivity

The Noida metro Rail Corporation (NMRC) can presently introduce feeder buses to attach the new metro stations with different parts of town to produce walk connectivity to residents. On August 20 that is Monday, the NMRC started trial runs on the complete 29.71km Noida-Greater Noida metro link that’s expected to become operational in October this year. The railway link is calculable to own a ridership of 1.2 lakhs on a daily basis, that might rise to four lakhs by 2031.
The uttar pradesh state road transport corporation has been asked to submit a survey report concerning the routes, network, number of buses needed, calculable sound in any respect stations and different connected info for a viable feeder system.

The report are prepared at intervals every week and can counsel introducing 250 feeders buses at the stations wherever footfall is predicted to be high. The feeders are introduced in phases, starting with areas wherever the demand are highest.
“Once the report is prepared, we’ll calculate viability and begin the tendering method. The ultimate implementation can take some time; however can I like to start out performing on the walk resolution as that’s a significant gap as of currently,” Pd Upadhyay, decision maker, NMRC, said.

Officials said that a number of the areas within the town wherever demand is high include Pari Chowk, sectors 142, 81, 83, 71, 81, 137 and therefore the entire stretch between Sector sixty-two and Noida city centres. The railway stations that square measure seemingly to own a high sound include Sector fifty dues to high density of residential and business areas and malls, Sector eighty-one due to the massive variety of workplace areas, and Sector 137 as a result of it’s another high-density dominion.
Peak hours are known as 6am to 11am and 4pm to 9pm. The network and frequency of feeder buses can rely upon the peak hour demand. Officials said that they wished the feeder system to be different from the present town public utility because it can serve a distinct purpose and can cater to the present demand.

“The town public utility principally connects areas between Noida and larger Noida, that we’ll currently have the metro. The problem currently are the gap from the metro to homes or offices. For this, we’d like smaller feeder buses which will penetrate town, connecting smaller distances from the metro stations,” Upadhyay said.

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Tuesday, August 21, 2018

Top Real Estate Investing Hotspots in Delhi-NCR

The housing supply in Delhi over the last 2 years, has been fairly low, as compared to Gurugram or Noida. there's large demand for reasonable housing within the town, whereas property costs in most micro-markets have skyrocketed.This is basically due to the demand-supply mismatch. even if the real estate sector in India has witnessed a delay in recent times, properties in Delhi-NCR still witness interest from consumers, in anticipation of price corrections and as a result of demand from the growing migrant population who look for accommodation. Delhi-NCR, hence, continues to be enticing to end-users and investors. 
Delhi’s metro connectivity and Employment prospects spur real estate demand:
Better connectivity, with the expansion of the Delhi metro and Gurugram’s rapid Metro, has attracted prospective home consumers to this region and played a significant role within the growth of town. With its immense space and therefore the presence of well-established services, manufacturing and automobile sectors, the national capital Region’s (NCR’s) large employment generation, yields very high demand for reasonable housing. 

Infrastructure development and amenities fuel the increase of recent micro-markets in Delhi-NCR:
Likewise the metro connectivity, alternative infrastructure developments like flyovers, underpasses, etc., in and around Delhi, additionally augur well for the new destinations within the NCR like Ghaziabad and therefore the stretch along NH-24, are wonderful choices for investment. the area has great road connectivity and therefore the eastern Peripheral expressway is also poised to assist, within the overall development of the area. With the Ghaziabad metro line too beginning shortly, this region can emerge as a promising new investment destination within the NCR,” Relia explains. additionally to the availability of excellent infrastructure and basic facilities within the neighborhood, connectivity may be a major deciding issue, whereas buying a property. 

Furthermore, the real estate market is finally settling, after the implementation of the RERA and GST. Key infrastructure upgrades, like widening of the NH-8, gap of the jap Peripheral Road, expansion of Sohna Road and wider metro connectivity, together with attention on reasonable housing, are expected to supply the much-needed fillip to the real estate sector in Delhi-NCR. Consequently, the sentiment, vis-à-vis investment in Delhi-NCR region, is inching towards the positive.

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Wednesday, July 25, 2018

Housing sales in Noida, Greater Noida rise 50% , drop by 52% in Gurgaon

Housing sales in Noida and Greater Noida rose by 51% to 5,715 units during April-June period but fell by more than half in Gurgaon to 1,922 units, according to News Corp-backed real estate portal PropTiger.

Overall, housing sales fell by 2% to 61,639 units in top nine cities during April-June 2018 compared with 63,166 units in the year-ago period, the portal said in its latest ‘Realty Decoded Report’ for April-June 2018.

The launches of new homes fell by 20 percent to 41,839 units during the second quarter of 2018 calendar year from 52,218 units in the corresponding period of the previous year. The unsold units across the top nine markets—Mumbai, Pune, Noida, Gurgaon, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad—have come down by 9 percent year-on-year to 7,57,000 units.

The quarter did not witness many launches as developers are waiting the festive season to roll out new projects. There was a decline in launch of new projects in Mumbai and Pune, while it grew in Noida, Bengaluru, Hyderabad and Chennai. However, last year the second quarter was an aberration as developers advanced launches to avoid approvals under the RERA regime.

Thursday, June 7, 2018

Get Affordable Home loans of up to Rs 35 lakh might cost less in metro cities

The judgement of the Reserve Bank of India (RBI) to rise repo rates by 25 basis points, indicating alteration within the interest rates, might build all loans together with home loans costlier, however the revision of housing loan limits for priority sector loaning (PSL) from existing Rs 28 lakh to Rs 35 lakh may lead to reduction in the interest rates on home loans up to Rs 35 lakh.Banks tend to lend sharply to those priority sectors wherever default rates area unit low. The revision of housing loan limits for priority sector loaning from existing Rs 28L to Rs 35L could result in a discount in interest rates on home loans of up to it quantity in metros.

In its policy call, RBI, so as to present a bonus to the cheap housing for the Economically Weaker Sections and Lower financial gain teams, it set to revise the housing loan limits for eligibility from existing Rs 28 lakh to Rs 35 lakh in metropolitan centers, and from existing Rs 20 lakh to Rs 25 lakh in alternative centers, provided the price of the living accommodations unit within the metropolitan centre and at alternative centers doesn't exceed Rs 45 lakh and Rs 30 lakh, respectively.

Anuj Puri, Chairman - ANAROCK Property Consultants- aforementioned that the choice to extend the limit would be a giant boost for the first-time home buyers who are looking to buy properties within the cheap section. Besides obtaining grant advantages of Rs 2.68 lakh from the central government beneath schemes like Pradhan Mantri Awas Yojna, owning a house within the metros can presently become a reality for several.
As banks have to lend around 40% of its total loan to priority sectors like micro enterprises, borrowers from weaker sections, and agriculture sectors among others where default rates are high, they (banks) tend to lend aggressively to those priority sectors where default rates are low. The default rates in housing loans in the range of Rs 10 lakh to Rs 35 lakh is comparatively low. Therefore, bankers say the RBI's call would prompt banks to lower rates on little price ticket home equity loan section to extend market share.