India’s Largest Commercial Center- Wave City Center Noida
Important Info: This website does not wish to promote this or any other projects. Recently a lot of complaints have been raised againt Wave Infra group related to their project Wave City NH-24. The key issues against the promotor company has been namely, 1) Non-allotment of plots to majority of orig applicants (year 2005) even after 7 years wait, 2) Unethical practices by changing the orig priority list by asking more money, 3) Slow pace of work since 2005, no road connectivity from NH-24 to site or completion of internal sector roads, no timebound site deveopment since 2005, 4) Non-transparency in the allotment of plots as premium location plots sold at high prices bypassing the orig applicants. Moreover orig applicants allotted remote location plots (Sec 15) after 7 years of wait, 5) Finally, there are many court cases against the land acquisition for the project and the company has not been forthcoming on the nature of land acquisitions and how much land they have in actual possession.
Complaint References: http://finance.dir.groups.yahoo.com/group/hitechcitygzb/message/3446; http://www.indianrealestateforum.com/ghaziabad/t-soon-launching-wave-city-nh24-16530-page3.html
In this background, we request everyone to do due diligence while dealing with the company.
29 Sep 2011
It was last year that at ncrhomes.com we noted that “Chadha group which is till date known for building wave cinema and centre stage mall in Noida is all geared up to be counted amongst the biggies of NCR like DLF, Unitech and JP. Watch this space.” Here is the link of that post.
Though it took another year for Wave Infra to start creating big waves into Indian real estate, but we have had this inkling for some time. While some of the biggies in Indian real estate are finding it difficult to carry their own weight, Wave Infra is emerging as a vibrant and dynamic group which seem to have all the firepower to be counted as the best in NCR. The cherry on the cake for the group seem to be their ever dependable customer service.Time would tell if Wave Infra could really DELIVER this dream successfully. Watch out for this space.
2015 deadline for City Centre project
TNN | Sep 29, 2011, 04.28AM IST
NOIDA: Six months after the Noida Authority sealed the multicrore City Centre deal, Wave Inc, the private developer of the project laid the foundation stone of the project on Wednesday, thus launching it officially. The official spokesperson of Wave Inc said the first phase of the project will be complete by 2015.
The City Centre project, spread across sectors 25A and 32 is touted as one of the largest multi-purpose commercial hubs in the NCR and will house offices, banks, hotels, retail spaces, shopping, dining and world-class entertainment options as well as service apartments among other things. A parking area to accommodate over 40,000 cars will also be developed within the premises.
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Categories: Delhi, NCR, Noida Tags: India's largest biggest commercial, Wave City Center, Wave City Center india's largest commercial, Wave City Center noida, Wave City Center sec 32 25 noida, Wave City Center SECTOR 32 25A noida, wave infratech
NCR-Delhi to stop new plots scheme
बंगला हुआ पुराना, हाईराइज का जमाना
किरणपाल राणा ॥ नवयुग मार्केट
एनसीआर में कोठी – बंगले की चाहत रखने वालों के लिए बुरी खबर है। एनसीआर प्लानिंग बोर्ड एक ऐसी पॉलिसी पर काम कर रहा है , जिसके तहत मकान बनाने के लिए प्लॉट नहीं मिल सकेंगे। लोगों को ग्रुप हाउसिंग में फ्लैट लेकर ही रहना होगा। बोर्ड की यूपी सेल के चीफ कोऑर्डिनेटर एस . के . जमान के अनुसार , घरों की बढ़ती डिमांड और घटती जमीन के मद्देनजर ऐसा किया जा रहा है। बताते चलें कि केंद्रीय शहरी विकास मंत्री कमलनाथ ने भी हाल ही में दिल्ली में हाईराइज बिल्डिंगों की वकालत की थी।
यह है समस्या : एनसीआर प्लानिंग बोर्ड की सर्वे रिपोर्ट के के मुताबिक , गाजियाबाद में हर साल औसतन 1.97 लाख लोग नए मकानों की डिमांड करते हैं। जीडीए , आवास – विकास परिषद और यूपीएसआईडीसी इस जरूरत को पूरा करने के लिए काम करती हैं। हालांकि तीनों विभाग डिमांड पूरी नहीं कर पाते हैं। 2005 में प्रदेश सरकार ने पॉलिसी बदलकर हाउसिंग डिवेलपमेंट में प्राइवेट सेक्टर को भी मौका दिया। इसके बाद नई समस्या खड़ी हो गई। मकान बनाने के लिए बढ़ती जमीन की मांग के एवज में खेती की जमीन कम हो रही है। पिछले 5 साल में खेती की करीब 16 हजार एकड़ जमीन रेजिडेंशल यूज के लिए किसानों से ली गई। अब खेतों को बचाने के लिए बोर्ड नई पॉलिसी तैयार करने में जुटा है।
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Categories: Delhi, Faridabad, Ghaziabad, Greater Noida, Gurgaon, NCR, NCR Property Trend, Noida, UP-Meerut, Yamuna Expressway Authority Tags: ghaziabad plot scheme, Meerut plot scheme, NCR plot scheme, Noida plot scheme
Land Acquisition Bill Approved by Cabinet
India Inc balks at Land Acquisition Bill
Agencies
Posted: Friday, Sep 23, 2011 at 0928 hrs IST
Mumbai: Unfinished car shells rusting in a deserted factory in India's West Bengal state lie testimony to flaws in a century-old land-acquisition law the government now wants to replace.
* Jobs, housing, cash to landowners made mandatory
* Costs, project delays to increase – Indian corporates react
* Bill to push up costs by 350 pct for big plots – analysts, cos
* Bill likely to be passed in December
Tata Motors was forced to abandon its Nano plant in 2008 after violent protests by villagers, who claimed they were forced off the land by the local government and paid inadequate compensation.
But companies say an overhaul of the old law envisaged to bring clarity to an often murky part of doing business in India goes too far in favour of rural landowners and will slow development, capacity expansion and economic growth.
The proposed new land bill means cost increases and project delays for developers, thanks to rules that will raise land values and compel them to provide new homes, jobs, monthly stipends and a cut of future profits to former landowners.
This just isn't going to work for buyers, said Rupen P. Patel, managing director of Patel Engineering , an infrastructure firm specialising in power and road projects.