On fast track, a new Delhi-Jaipur highway
Dipak Kumar Dash TNN
12 May 2012
New Delhi: Traffic woes on the Delhi-Jaipur highway could end sooner than expected. The Union highways ministry and Planning Commission are fast-tracking a proposal to construct a new 261km expressway linking the two cities that will take the load off the existing road.
Though road transport and highways minister C P Joshi had last month announced a plan to build two new highspeed links from the capital to Jaipur and Chandigarh, the Pink City stretch has been prioritized. This new alignment road will be 4 to 6-laned and is estimated to cost Rs 10,000 crore.
The tender document says the road must connect with the Manesar-Bawal and Kushkhera-Bhiwadi-Nimrana nodes on the Delhi-Mumbai industrial corridor, and other highway networks.
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WORK TO RESUME AT NOIDA EXTENSION
The uncertainty over completion of projects launched in Noida
Extension is lifting, as the Greater Noida authority is planning to re-
schedule developmental work in and around Noida Extension. A K TIWARY
writes
Encouraged by positive indications from the NCR Planning Board to
go ahead with the Master Plan 2021, the Greater Noida authority is
planning to re-schedule developmental work in and around Noida
Extension.
There is also a clear indication from the Allahabad high court on
a review petition filed by the Greater Noida authority. So, you may
now breathe easy about that dream house of yours. The uncertainty over
completion of projects launched in Noida Extension appears to be
lifting.
If the trend of these positive developments continues, developers
and builders can restart construction work this month itself. They
have been waiting for this moment since the Allahabad high court
verdict over the land row. Sources say that the Master Plan 2021 of
Greater Noida has almost been cleared and is awaiting a formal
announcement of the sub-regional cell, Uttar Pradesh.
Anil Sharma, the vice president of Credai and the chairman and
managing director of Amrapali Group, says: "This is a relief for
builders and developers whose projects have been delayed since the
dispute erupted over land acquisitions. After the Supreme Court
verdict, which quashed the land acquisition of Shahberi, a number of
projects were in limbo."
In a writ petition number, Ramesh Kumar Bhagchandka versus UP and
others, it has been said that the Master Plan 2021 does not have any
approval of the NCR Planning Board, which is a statutory body
constituted under the an act of 1985. According to the act, a plan
must first be prepared and if necessary land acquisition would be
done.
In the present case of Noida Extension, the acquisition
proceedings have been undertaken and thereafter the land was sought to
be utilized by allotment to builders for raising construction that go
contrary to the plan. Under these circumstances, the petition says the
proposed acquisition is illegal be set aside. In this context, the
Allahabad high court has directed the Greater Noida authority to
obtain clearance from the NCR Planning Board for its master plan, and
then go ahead with the development process.
Experts say there is no provision for approval of the master plan
prepared by the development authority from the NCR Planning Board. The
provision is only for sub-regional plan; the Master Plan of 2021 was
sent to the NCR Planning Board for approval in 2006 and 2009, though.
According to the rules, the NCR Planning Board can raise
objections to the plan within 60 days from the time the plan was
submitted to them by the development authority. After the expiry of
this period, it cannot be challenged. It was thus that the Greater
Noida authority urged the Allahabad high court for review of the
decision over the master plan.
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The big movement
Atul Mathur, Hindustan Times
New Delhi, May 11, 2011
If you thought the "construction madness", which the Capital witnessed in the run-up to the Commonwealth Games, ended with the mega-event coming to an end, you are surely mistaken. The Delhi government is going to be busy with a number of road and infrastructure projects in the next few years. The
focus this time is going to be on west Delhi. According to public works department officials, of the 20-odd new roads and flyovers the department has planned, at least 14 are slated to come up on traffic choke points in west Delhi. These projects are on various stages of planning. Some of them have been cleared by the technical body. Most of them are expected to be ready by 2015.
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Shiv Nadar University will follow multi-disciplinary system: Shiv Nadar
Supriya Shrinate, Apr 30, 2011, 05.20pm IST
In a chat with ET Now, Shiv Nadar, Chairman & Chief Strategy Officer, HCL Tech, talks about his new venture in the education sector, Shiv Nadar University.
Now that Shiv Nadar University is finally going to be launched, do you feel some sense of personal gratification? Is this a day that you are going to celebrate and commemorate for a while?
Shiv Nadar: I have already done that. Today is the formal launch of the university but the day the government gave its assent, which was about three weeks ago, I felt very relieved that okay now we can get started.
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Where to buy real estate?
Published on Fri, Apr 29, 2011 at 13:00 | Source : Moneycontrol.com
Updated at Fri, Apr 29, 2011 at 22:47
With prices and interest rates always on a high, real estate has been a hot topic since over a year now. However, when necessity dawns and buying is inevitable, the next big question that lingers on your mind is "Where should I buy?" Moneycontrol.com offers you experts' advice on this and many other queries.
Below is a verbatim transcript of Knight Frank India's national director of residential agency Anand Narayanan's exclusive interaction with moneycontrol.com users.
Q: Hi, I want to buy a plot on Gurgaon Dwarka Expressway at Rs 40000 per yard. What do you think would be the return after five years?
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The Risk of Assured Rentals
Sanjeev Menon
Obtaining loans for their commercial and residential projects has never been an easy task for smaller developers. And now, as a fallout of the ‘bribes-for-loans’ scam and the subsequent tightening of lending norms for financial institutions, these players could find it increasingly difficult to finance their plans. Developers are also of the opinion that getting a lender to finance a project in an upcoming destination, such as Manesar or Dharuhera around NCR, becomes a difficult affair compared with loans for projects in Gurgaon or Noida. With the supply of money thinning, developers have adopted a new strategy to increase their liquidity position.
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Transporting Delhi To Future- News on Monorail & Pod Taxi
Site surveys for pod cars to begin in June
Posted: Mon May 16 2011, 01:00 hrs New Delhi:
Surveys and detailed traffic studies are set to begin at five locations in Delhi to decide on sites for implementing pod cars as a para-transit mode of travel.
Feasibility studies will be conducted at Dwarka, ITPO, Karol Bagh, East Delhi and North Campus, following which one or two areas will be selected for the pilot project.
The Delhi government asked the Delhi Integrated Multi-modal Transit System (DIMTS), an autonomous government-funded body created for transport planning and solutions, to work on a detailed project report to assess the demand and feasibility of pod cars at the locations in the last week of April. The DIMTS has to complete the studies in six months and suggest locations for implementation.
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Gr Noida Ph-II plan ready for approval
Purusharth Aradhak & Ayaskant Das, TNN | May 11, 2011, 03.46am IST
GREATER NOIDA: The Master Plan of the Greater Noida Phase-II development project has been formulated by the Authority and is ready to be put up for approval in the forthcoming board meeting of the authority on May 15. Greater Noida Development Authority CEO Rama Raman said, "Minor glitches in the Master Plan have been fixed and all details of the project have been worked out."
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Delhi loses out to Gurgaon, Noida
Hindustan Times
New Delhi, April 06, 2011
For aspiring migrants, it’s no longer ‘Dilli Chalo’. Driven by a booming services business, Gurgaon and Noida have emerged as the new centres of attraction. According to Census 2011, Delhi’s four satellite towns — Gurgaon, Noida, Ghaziabad and Faridabad — registered rapid population increases duri
ng the last decade even as the Capital’s population growth rate nearly halved from the previous decade.
Although Gurgaon and Noida lead the pack, Faridabad and Ghaziabad, too, continue to draw migrants in large numbers. What’s more, experts say this shows Delhi is following the trends visible in other large metros around the world.
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Metro home prices take a dip on tighter liquidity
The vision of owning a house is slowly getting clearer for buyers as residential real estate prices are beginning to see the promised correction on the back of hardening interest rates and poor transaction volumes.
Real estate services firm Jones Lang LaSalle India (JLL) says newly-launched residential projects are recording an average 15% lower prices, especially in Delhi and Mumbai ? markets witnessing oversupply in many pockets.
The higher the prices, more the correction, with Gurgaon, Greater Noida, Navi Mumbai and Bangalore as prime examples, where prices jumped 30-35% last year.
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New Delhi: Putting political risks aside, global private equity (PE) funds looking for high return on investments are going to target Indian infrastructure companies in the coming years, says a report by research agency Preqin.
India is attracting the highest number of unlisted, closed-end funds that focus on a single country, making it the most preferred choice among emerging markets, according to the study, released late last week.
“In terms of opportunities, emerging markets are becoming more popular with global investors after the global financial crisis, and India is at the centre of this,” said analyst Elliot Bradbrook, who has authored the report.
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A plot of land can offer better returns in the long term compared with built property, but purchasing it can be problematic if you are not vigilant.
AMIT SHANBAUG
For 32-year-old Sumana Chatterjee and her husband Sumitro Mukherjee, 33, it was a fruitful end to house hunting when they bought a plot of land in Vadodara, Gujarat. However, a few months after paying the full amount, the couple was shocked when they received a stop work notice from the court on the construction of their bungalow. “We found that there was another claimant for the land and that the property was under litigation,” says Chatterjee.
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Gurgaon is North India’s corporate destination
Delhi/NCR
From a little known sleepy town of the yesteryear’s to becoming a major IT destination, Gurgaon has come a long way. Today,it is home to corporate offices of major MNCs and IT companies in the country.
One of the most important drivers for this prolific development is its geographical proximity to the nation’s capital,Delhi. Delhi has a ready pool of talent as many from the neighbouring states come into the capital either for higher studies or in search of jobs.What also triggered Gurgaon’s growth was the availability of land therefore affordable office space and excellent roadways.
Unlike Bengaluru which was a pure IT destination, the advantage Gurgaon had was the presence of other industries. This provided a ready market for the IT companies. The government too was very proactive in seizing the opportunity that presented and transforming it into a success story.
It offered IT companies an excellent infrastructure and other necessary assistance to help them set up shop there. Gurgaon has capitalized its strengths well and in the past 10 years acquired a momentum of its own which is commendable. Nonetheless,how growth happens tomorrow is a consequence of what is done today.
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Metro goes to Ghaziabad, trial runs start on new 2.5-km line
Express News Service
Posted: Fri Jun 17 2011, 01:30 hrs New Delhi:
Taking the Metro a step closer to Ghaziabad, Delhi Metro Rail Corporation managing director E Sreedharan on Thursday inspected the Anand Vihar-Vaishali Metro rail corridor. Officials said they were satisfied with the completion of the 2.57-km stretch which will provide Metro connectivity to the area.
The Kaushambi and Vaishali Metro stations are expected to cater to about 40,000 people on a daily basis. After Noida and Gurgaon, Ghaziabad will be the third satellite city in the National Capital Region to figure in the Metro network. At present, residents of Ghaziabad have to come to Anand Vihar to board a Metro.
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Raj Nagar Extension (Ghaziabad NH-58)
In an era of affordable housing post-recession, Raj Nagar Extension has emerged as one of the leader for people looking for such houses in NCR. Infact it provides the best options for people looking for ready-to-move housing at the best possible rates in NCR.
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19 Feb 2011
Business boosts Gurgaon hospitality
Gurgaon initially gained prominence as an outsourcing centre for major international companies that found it cheaper to locate their back-end operations in India due to the availability of high-quality but cost-effective employee resources. GE Capital initiated this trend and was the first multinational company to enter Gurgaon in 1997.
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19 Feb 2011
Realty zooms in Rohtak
The Rohtak area is no longer a poor cousin of Delhi and NCR. Several ongoing development projects have increased the realty quotient of the area, writes Bijendra Ahlawat
After the real estate success stories of Noida and Gurgaon, it seems to be the turn of the Rohtak region to ride on the realty high tide. Several ambitious projects and schemes have stirred up the realty scene in this region with investors and realtors both realising the golden potential of the area.
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UP govt plans road link between Gr Noida, Delhi
16 Feb 16 2011, New Delhi:
The Uttar Pradesh government is drawing up a plan for a direct road link between Greater Noida and Delhi, in the backdrop of the second international airport proposed for NCR. While the Group of Ministers, headed by Home Minister P Chidambaram, is yet to give its go-ahead for the airport plan, the UP government is considering a 45-km road connecting Jewar and Delhi.
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Where roadside vendors hawk flats
Surojit Gupta & Avijit Ghosh, TNN, Feb 14, 2011, 12.54am IST
GREATER NOIDA: Tucked away on the other side of the Hindon river and surrounded by lush green farmland where yellow mustard flowers sway, the nondescript 'Noida extension' area has emerged as ground zero of real estate business.
Here, the air is thick with dust raised by overloaded trucks ferrying brick and sand. Heedless, young men sporting smart caps and smarter T-shirts furiously wave brochures of the numerous housing projects in the area. They lunge dangerously at any passing car to snatch precious clients from lurking competition.
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Update 14 Feb 2011
The Bubble May be Set To Burst Again
Property prices in major Indian cities, including Mumbai and New Delhi, are set to slump by as much as 30% in the next three-six months as rising interest rates and tighter lending norms have led to a sharp drop in demand for homes.
"Softening in prices would begin in a month or two if sales continue to be low," said Adhidev Chattopadhyay, an analyst at Mumbai-based Edelweiss Securities Ltd. A Credit Suisse note on 19 January forecast that property sales in India may decline unless prices are cut 10-30%.
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