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Noida-Gr Noida Bus Service Relies On Tech

The new bus service will have a GPS system fitted to provide route information, scheduled stops and total time required to travel.

Noida will roll out a modern city bus service on the lines with a fleet of 100 vehicles that will ply between the city and Greater Noida, integrated with a GPS system that will provide route information, scheduled stops, total time required to travel, etc.

Noida Metro Rail Corporation (NMRC), which will operate this bus service, on Saturday invited requests for proposal for installation of an Intelligent Transport Management System (ITMS) for the proposed city bus service between the twin cities.

A consultant for the project is likely to be finalized by next month and these buses will start plying between twin cities from June.

noidahiked

Thousands Of Home Buyers In Noida To Pay Hiked Stamp Duty

There are thousands of registries pending and soon stamp duty in the district is going to be hiked from 5% to 7%.

Thousands of people all set to face hiked stamp duty rates as despite opening offices on weekend, the stamp and registry department has done nearly 2000 registries. Issuing occupancy certificate of 49 developers’ projects in Noida was stopped in the absence of eco-sensitive zone of Okhla bird sanctuary.

Eco-sensitive zone was notified by the Centre on August 19, 2015. Out of 49 developers so far, 26 developers (having 16710 thousand flats) have sought occupancy certificate from the Noida Authority. After district magistrate intervention, the stamp and registry department is opening its office on weekends also.

“There are thousands of registries pending and soon stamp duty in the district is going to be hiked from 5 to 7 per cent. To meet the deadline, we have directed stamp and registration department to work all days till March 31, excepting Holi (on March 24),” DM added.

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Noida Twins Have The Best Cycling Tracks In NCR

In Greater Noida, nearly 30 km of cycle tracks are ready while Noida is building 60 km of dedicated lanes for cyclists.

Noida and Greater Noida have raced ahead of the rest of NCR in creating cyclist-friendly infrastructure. In Greater Noida, nearly 30km of cycle tracks is ready while Noida is building 60km of dedicated lanes for cyclists.

Well-laid, networked tracks are key to the popularity and acceptability of cycling in cities worldwide. The Netherlands, for instance, regarded as the best place for cycling in the world, has thousands of kilometres of dedicated tracks. Most other European cities are now catching up, as are states in the United States which, like this neck of the woods, is known to have a car bias.

Noida can, therefore, pat itself for a job well begun, but has to show the same commitment to the cause if it wants to get the job fully done. The cycle tracks in Greater Noida which are ready includes two stretches of 2.5km in Knowledge Park II and Knowledge Park III.  More>>

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Staying In A Noida Haveli Could Be A Reality

The UP government has decided to allow all heritage-value properties to be converted into hotels

The Uttar Pradesh government has decided to allow all heritage-value properties to convert into hotels. Under its tourism policy, all heritage properties in the state that were built before 1950 can operate as hotels.

Officials say that this is to meet the growing demand of young travellers who are increasingly looking for fancier experiences while travelling. This means there are chances you might find a fancy Rajasthani-style haveli right in Noida where you can put up instead of travelling elsewhere for the weekend.

According to the policy, all forts, palaces, castles, havelis or bungalows that were built before 1950 and have been deemed as significant in terms of architecture by the state government or archaeological authorities will be allowed to operate their properties as hotels. More>>

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Infrastructure Becomes USP For Noida-Greater Noida

The development of world class expressways, availability of metro rail network and tech-based public transport make Noida-Greater Noida an in-demand stretch. This has brought in more developers, projects and home seekers here.

Noida is adding more public facilities and conveniences to its fold with every passing day. This week, Noida Metro Rail Corporation (NMRC) indicated that will soon introduce app-based buses in Noida and Greater Noida. With this service, the users will be able to see things like number of seats and the closest bus available through the hi-tech app.

The corporation has handed over the contracts which will make it feasible to ply 105 buses for 13 routes between Noida and Greater Noida region. Also, the corporation would introduce the buses for the first time in the country for disabled people.

There’s more good news for Noida residents. Next month, the transport department will issue e-challans, to traffic violators through a mobile application. The city will soon have a new traffic cell in Sector 94 that will ensure smooth movement of traffic. This was envisaged in October 2014 and is near completion now.

Noida sheds old image

There was a time, particularly a decade ago, when Noida was perceived as being ‘far away’ or ‘unapproachable’. That was a time when DND didn’t exist. Then, the connectivity between Delhi and Noida was through Kalindi Kunj bridge or via East Delhi passages. These were rough, broken patches of roads where traffic hauls for long stretches was a given. No taxi wanted to come to pick or drop commuters from Noida and autos were found rarely.

Cut to 2016, Noida is one of the easily approachable NCR cities. Gurgaon is connected to the tip of south and west Delhi but one has to travel for one hour at least to reach there. Faridabad is connected to another end of south Delhi and has mostly industrial stretch in that part of the city.

In 2006 itself, the NTBCL started constructing the eight-lane DND Flyway and that change the fate of Noida forever. In 2008 when DND opened its operations and industries, factories and offices started coming the Noida way and along came multiple housing options.

Back then, the space available in Noida was ample and the property prices ranged from Rs 2,000-2,500 per sq ft (in city centre). This was far more affordable when compared to Delhi and Gurgaon both of which were pegging residential real estate prices at Rs 5,000-6,000 per sq ft respectively. Property developers saw the golden opportunity in this city and their fortunes changed soon.

Today Noida is one the fastest growing cities across India. It was pegged as having one of the highest per capita income in the last census. The local government too has been benevolent in doling out sops for establishing industries, factories, commercial spaces, residential projects in the city. Result: Noida has hundreds of new housing projects in the city where new residents are flocking in every passing year.

New areas coming up

Noida central is chock a block and has extended new areas of development, namely Greater Noida, Yamuna Expressway and Greater Noida West.

Noida is connected with Delhi from DND and this takes care of most traffic. The connecting road between Noida and Delhi across Kalindi kunj barrage has been repaired and a parallel eight lane road is being constructed there. This road, on entering Noida, leads to recently constructed Mahamaya flyover which is a huge loops connecting all prominent roads in Noida.

The expressway between Noida and Greter Noida is world class and its stretch on Yamuna Expressway region is state-of-the-art. The internal roads in Noida are well maintained too.

The advent of metro in Noida in the beginning of this decade has been a boon too. Presently metro rail connectivity in Noida is till botanical garden station, but this will be extended will Greater Noida in one ends and Saket in Delhi at the other end. That will take about five years to happen but that will create a seamless connectivity through the city.

Taxi services to and fro the city are plenty, and add to that the bike taxi that recently started options in the city. With the infrastructure growing, the city real estate is in upswing already.

Real-Estate-Bill

Real Estate Bill Spells Happiness For Noida Home Buyers

The recently passed real estate Bill will give more powers to property buyers and will also address the concerns of builders to some extent 

The much awaited real estate bill has finally been passed after much uproar. The Real Estate Regulatory Bill (RERB) – which will become a law soon – is aimed at bringing transparency in this sector. This Bill was in the pipeline for ling and was stuck in the legislative proceedings for long.

This brings in a sense of relief to home buyers and investors in Noida-Greater Noida particularly. This area has more supply for residential units and less takers. Most of the housing units which have been sold in Greater Noida West (Noida Extension) and Greater Noida region have been seen faltering on the possession dates and terms.

In the past, there have been occasions when the home buyers who have invested in homes in this region have carried out processions against the developer. The prominent demands included faltering on possession dates, concerns over construction quality and other concerns related to builder-buyer relationships. There are already legal cases where home buyers are challenging the doing of the concerned builders. However, the absence of any legal clarity this situation was like the Pandora’s Box, with both builders and buyers suffering on many counts.

The Fine Print

The law entails chiefly that:

– It establishes state-level regulatory authorities – Real Estate Regulatory Authorities (RERAs), with whom promoters will have to register all projects above a certain size.

– The developers will make all details like possession dates, construction quality facts public on their websites.

– The developers will have to set aside 70 per cent of the funds collected from customers. This will keep the developers from consuming all funds in one go, preventing a possible cash  crunch situation. For now, this law will be punitive in new constructions only. This will set transparent processes in the market.

“Apart from resolving key issues that are hampering the growth of the real estate sector, this bill will lead to institutional reforms in land acquisition, approval processes and taxation that are much needed to expedite development of affordable housing,” said Sunil Kanoria, president of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

Another industry body is equally buoyant by this Bill’s passage. Anuj Puri, chairman & country head of JLL India, said, “Its enactment as a law will almost single-handedly revamp the way the sector works across the board, from developers to end-users and investors, to lending institutions and government agencies involved in the buying and selling of property. It is by far the most decisive step the sector has taken towards transparency and reaching towards the kind of standardised processes, procedures and accountability guidelines that the industry requires to progress.”

The Big Impact

Once this bill becomes a law, it will prompt buyers to go for purchasing homes without any apprehension of being cheated. This will bring in more credibility to the real estate sector. This will also give a clear legal recourse in case of dispute. In the long term it will uplift the sagging real estate sector to stand up to meet the increase in demand.

What Remains to be Done

This is just the beginning for the real estate sector. There has been a long pending demand from the builders that the government should give the sector industry status and also start a single-window system to seek clearances. Also, there is too much still to be done in terms of institutional investment regulation in real estate.

The buyers also want some tangible actions to be taken so as to understand the application of this Bill.

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Ghaziabad Starts Work On Improving Smart City Plan

Ghaziabad had been shortlisted by the state government to be developed as smart cities in the first phase of the central government mission. GMC has started work on improving the Smart City proposal.

Ghaziabad had been shortlisted by the state government to be developed as smart cities in the first phase of the central government mission. GMC has started work on improving the Smart City proposal, which it had sent to the Union urban development ministry in December. The revised proposal — with the improvement plan incorporated into it — will be sent to the urban development ministry for assessment and selection in the second round of the Smart City Mission.  Property in Ghaziabad .    More>>
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