Noida/GNoida get 10,000 crore for 2011
Noida budget in 2011 for its development: R10,000 crore
Hindustan Times
NOIDA, December 28, 2010
NOIDA, December 28, 2010
The twin cities of Noida and Greater Noida are set to become one of the biggest infrastructural hubs in the country with a balanced approach towards upgrade of civic amenities. Starting 2011, Noida authority will spend R10,000 crore on development over the next five years. The projects include four
bridges over river Yamuna, two major road corridors with flyovers, underpasses and signal-free traffic, besides links to the Delhi-Mumbai freight corridor, Eastern Peripheral and Upper Ganga expressways.
Delhi, Gurgaon n Noida- Fav inv destination in Asia-Pacific Region
Realty pecking order holds out hope
Mumbai, Dec. 23:India is emerging as a top destination for real estate in the Asia-Pacific region with Mumbai and New Delhi ranked third and fifth, respectively, in a list of the region’s most promising investment markets for 2011.
A report by Urban Land Institute and PricewaterhouseCoopers (PwC) titled “Emerging trends in real estate; Asia Pacific 2011” also heaps praise on Mumbai and Delhi as the most favoured destinations for development prospects.
UP races to 2nd spot in attracting investment
Bangalore:
Among the top 20 investment attracting states, Karnataka has emerged as most preferred destination with the highest share of 9.1 per cent in domestic investment plans in April-September 2010, as per 'Associated Chambers of Commerce and Industry of India Investment Meter (AIM).'
Karnataka clocked an year-on-year growth of 73.8 per cent and attracted investments of Rs 3,88,578 crore.
Uttar Pradesh acquired second spot with a growth of 75.5 per cent (y-o-y) and 4.7 per cent share of total investments in April-September 2010-11. The state attracted massive investment plans of Rs 205,189 crore during the period.
Power and services were prominent among the sectors attracting major share investment.
ET Realty Convention 2010: Planning new-age townships
ET Spcl: The way forward for new-age townships
20 Dec, 2010, 08.48AM IST, Neha Bhatia,ET Bureau
With metro cities already bustling with over-population , the focus of real estate developers and urban planners has now shifted towards developing the satellite towns on the periphery of bigger cities. However the biggest bottleneck in popularising new townships in the peripheral regions is the lack of proper connectivity. As the real estate sector is finally coming on the fast track, connectivity remains the major concern.
Giving an overview of the sprawling urban areas in different parts of the country at the Economic Times Realty Convention 2010, Kumari Selja, Minister, Housing & Urban Poverty Alleviation said, "Almost all the major towns and cities have expanded along the highways connecting cities in regions for example Delhi-Jaipur , Delhi-Meerut , Mumbai-Ahmedabad , and so many others throughout the country.
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Housing Prices in Delhi-NCR at 2008 High
Housing prices in Delhi, Mumbai at 2008 peak level: JLL
NEW DELHI: Global property consultant Jones Lang LaSalle today cautioned that housing prices in Delhi-NCR and Mumbai have reached the peak level of 2008 and any further rise in the rates will adversely affect the demand.
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Noida Building Bylaws 2010 notified
Revised and Comprehensive Noida Building Regulation 2010
The Noida Building Bylaw 2010 has been notified and is available at following link
NCR Realty Trend 2010: Property Price Revival
Realty prices back on track in Delhi
India Infoline News Service / 16:59 , Dec 15, 2010
The trends clearly prove that 2010 was a year of revival and the overall sentiment of the sector has improved dramatically since the downturn and property prices are back to the 2007 levels.
Orbital Trains Route along KMP n EPE being re-worked
CONNECTIVITY PLAN TO FREE TRAFFIC JAMS
The Times of India
17 March 2012
A draft plan has been presented to the NCR Planning Board to handle the increasing volume of traffic in the NCR. A K TIWARY writes
An integrated transport report has been prepared for the NCR Planning Board keeping in mind the increasing volume of traffic in the area.
The report has laid a road map for bypassing the traffic bottlenecks on the capital's periphery. Its prescription leads to 11 new expressways and two orbital railway corridors connecting major cities around Delhi. The connectivity plan is based on the study commissioned by the NCR planning board two years ago. The plan was approved in a board meeting recently. The board has decided to initiate action for priority implementation of a region-wide rail-based system connecting various metropolitan and regional centres and sub-regional centres.
UP Infra Projects to speed up
New advisor to speed up UP infra projects
By Deepa Jainani, 16/12/2010 , Financial Express
In yet another validation that upgrading and promoting infrastructure is a priority, the Uttar Pradesh government appointed M Ramachandran, former urban development secretary, as infrastructure advisor, with the status of a minister.
As infrastructure advisor, Ramachandran would be advising the state government as well as the Noida, Greater Noida, Yamuna Expressway and other development authorities and local bodies regarding the future expansion of cities, planning airports, expressways and other multi-modal-transportation for the cities. He would also advise the state on urban infrastructure financing, which would include exploring possibilities and suggesting ways to raise resources on its own and also through PPP model.
Noida Roads revamp planned
Noida set for upgrade
Darpan Singh, Hindustan Times
Noida, December 14, 2010
Noida, December 14, 2010
A recent report of the Central Road Research Institute (CRRI) said that if a person commutes five days a week during an average 30-year career, he spends more than eight years in traffic jams in Noida. Road infrastructure has failed to keep pace with the growing population, the report said.
Barapullah Elevated Road- East to South Delhi in 10 mins
Barrapullah-Phase-2-Layout-Map-Article
East Delhi-IGI Rd on cards
Rahul Chhabra, New Delhi, Sept 3, 2014, DHNS:
Barapullah Road may be extended till airport, NH-8
Travelling from east Delhi to the airport and the Delhi-Gurgaon Expressway in the west could be reduced to just a zip thorugh.
Impressed by the success of the elevated Barapullah Road over a drain, the Delhi government is studying the feasibility of extending the signal-free road between Sarai Kale Khan and INA up to the airport and the Delhi-Gurgaon Highway – a part of the National Highway 8 going upto Jaipur.
Public Works Department’s Engineer-in-Chief Dinesh Kumar confirmed the proposal and said: “We are studying various options for going up to the airport and the Delhi-Gurgaon National Highway number 8.”
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NCR/Delhi property rates peaked !
Residential demand, not pricing, will drive growth
Money Matters, Livemint, 9 Dec 10
We recently visited Delhi-National Capital Region (NCR), Bangalore, and Mumbai as a part of our GS India Property Tour. We visited about 25 sites at various stages of completion, met management teams and property consultants and made some broad industry-wide observations.
As we had highlighted in our 8 November report, we believe that property prices in pockets of Delhi-NCR and Mumbai in particular seem to have peaked, and we expect limited further price appreciation. Prices in Bangalore have remained fairly stable, but further appreciation should be held in check by high supply potential. We observed higher price inflation in city-centre properties during our tour.
New Yamuna Bridge parallel to Kalindi Kunj Bridge soon
दिल्ली-नोएडा के बीच नया पुल
13 Feb 2011, 0721 hrs IST,नवभारत टाइम्स
विनोद शर्मा ।। नोएडा
नोएडा से साउथ दिल्ली, फरीदाबाद और गुड़गांव की कनेक्टिविटी अब और आसान बनने जा रही है। नोएडा अथॉरिटी ओखला बैराज के पास यमुना पर नया ब्रिज बनाने जा रही है। इसका कंस्ट्रक्शन अगले चार महीने में शुरू हो जाएगा। तब तक टेक्निकल प्रोसेस का काम पूरा किया जा रहा है। ब्रिज को पूरा करने का टारगेट 31 दिसंबर 2013 रखा गया है। ब्रिज का पूरा खर्च नोएडा अथॉरिटी उठाएगी।
नोएडा, ग्रेटर नोएडा और यमुना एक्सप्रेस वे अथॉरिटी के चेयरमैन मोहिंदर सिंह ने एनबीटी को बताया कि नया पुल नोएडा से जुड़ने वाले ओखला बैराज और डीएनडी, दोनों से काफी अलग होगा। इस पुल का मेट्रो रूट के साथ तालमेल बैठाया जाएगा। नैशनल बोटैनिकल गार्डन के पास मेट्रो का तिराहा होगा। यहां से एक राह दिल्ली, दूसरी सिटी सेंटर व ग्रेटर नोएडा और तीसरी साउथ दिल्ली की तरफ जाएगी।
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NCR Realty Hot While Mumbai Realty Cools
Difference due to pricing; up by a third in Mumbai since Jan, almost stationary in Delhi.
Sanjay Sanghvi, a real estate consultant in the Dadar area of Central Mumbai, says these days he barely manages to broker two-three apartment deals a month, compared to half-a-dozen almost a year ago.
"It is difficult now. People are reluctant to buy, as prices have gone up sharply. They will buy only if prices come down," says Sanghvi.
Sanghvi says he is flooded with sales calls from developers — including Indiabulls, Lodha Group and DB Realty — building high rises in Lower Parel-Worli-Parel area of south-central Mumbai. Prices in this erstwhile textile hub range from Rs 22,000 to Rs 35,000 a square feet.
Sanghvi's case is just an instance of dwindling home sales in the country's commercial capital, following steep rises in prices over the last one year. According to realty research company PropEquity, home sales in Mumbai have fallen 35 per cent since the beginning of the year and 45 per cent since June this year
But the scene is quite different in the national capital region, or NCR, which comprises New Delhi and its satellite towns such as Noida, Gurgaon, Ghaziabad and Faridabad. Property sales in these areas have gone up nearly 90 per cent since the beginning of the year.
Price is obviously the main factor. Data show that prices in Mumbai city have risen 28 per cent since the beginning of the year and 13 per cent since June.
"During 2008-09, nobody was buying and prices were at reasonable levels. A lot of pent-up demand came into the market after that. But after so much hectic buying and price rise, sales are bound to take a knock," says Anshul Jain, chief executive of DTZ, an international property consultant.
In most areas of the NCR, however, prices have remained stagnant since the beginning of the year. For instance, in Noida, average property price hovers around Rs 3,341 a sq ft, compared to Rs 3,140 in January, a mere five per cent increase. Prices have gone up by 1.48 per cent in New Delhi since the beginning of the year.
In NCR, Flats change hands twice before possession
From booking to possession, a flat is sold twice in NCR
GURGAON: From the time of inviting bookings for a flat to the stage where the developer gives the final possession, a dwelling unit changes on an average two owners in the NCR, claimed property gurus. Ashutosh Limaye, local director, strategic consulting, Jones Lang LaSalle, India, explained: If we consider the legitimate deals, approximately 25 per cent buyers are actually investors. Though there are no specific data available, out of these, close to 25 per cent investors are those who do it for a short term while the rest wait to get possession. Also, there might be cases where developers offer to buy their units back when the market is on a positive curve. This kind of change of ownership could also mean some fee paid to the developer, though not known formally.
NCR Orbital Trains along Peripheral Expressway
Govt planning 'orbit railway' around NCR: Hooda
Last Updated: Sunday, April 01, 2012, 21:53
Palwal: Haryana Chief Minister Bhupinder Singh Hooda on Sunday announced that an 'Orbit Railway' that will connect towns falling around three sides of Delhi in the state's NCR region is being planned.
Haryana Metro Rail Corporation has already been constituted for this purpose, he said while addressing a Nav Nirman rally here.
Among other things, he also announced Rs 10 crore for the development of Palwal villages and Rs 5 crore for Palwal town.
A sum of Rs 822.43 crore has been provided for Palwal district, under which work on various projects like a Mini Secretariat, a 100 bed hospital and a judicial complex is in progress, he said.
On the demand of a university, Hooda said that sanction had been given for opening a private university in the district.
A new college building at Hodal, a modern sports stadium and Kisan Seva Sadan will be built in Palwal, he said, adding that Palwal Municipal Council's limit will be extended to cover colonies falling on the outskirts of the town.
He also asked the Deputy Commissioner of Palwal to prepare BPL Cards for all deserving families.
On farmers, Hooda said that those who pay borrowed amounts on time were being provided loans at 4 per cent interest rate.
PTI
Orbital trains to make NCR more accessible
Noida, November 20, 2010
After Metro and the proposed high-speed trains, gear up for Orbital trains. Serving commuters in an orbit, these trains will provide greater connectivity between Delhi and NCR areas.
Linking Metro with soon-to-be-operational high-speed trains, this facility will also cut down on travel time.
NCR Realty Prices Affordable?
Experts feel realty could correct soon
If you are looking for a decent two BHK flat in the national capital, you have very dim chances of getting one for less than Rs 1 crore.
This is what your property broker would most likely tell you.
"I was looking for two bedroom set in Delhi and Noida for the past six months. But even with a budget of Rs 60 lakh I could not buy a flat for myself. All I was offered was the remote areas in Greater Noida, without proper infrastructure or connectivity," Nitin Agarwal, a senior executive with an auto company said.
In the last six months, home prices in all major metros have gone up very sharply putting it out of reach of the common man.
NCR Top Residential Hotspot for Investment
Many cities in the country, after the slowdown, are once again in the spotlight for the good investment potential they offer in the mid to long term
The only segment to emerge almost unscathed from the turmoil that the real estate sector underwent during the slowdown was the residential sector. Its resilience in the face of negative global cues was as much a result of the latent demand for affordable housing in India as the large share of the Indian real estate pie that the residential sector holds.
As with office space and retail malls, residential property did, to a lesser degree, suffer the effects of the global downturn in 2008 and 2009. However, unlike its counterparts, the residential sector has begun to show signs of stability in many markets, and even recovery in certain cities. Whether this trend will continue depends in large part on economic factors (mortgage rates, GDP growth, labour market stability) and on prudent decisions by developers on issues relating to pricing and quality of products being offered.
Jones Lang LaSalle Meghraj Research conducted an analysis of residential markets across India to help identify investment hotspots for retail investors. While abnormally large returns can be found in specific projects throughout the country, the analysis was limited to India's seven largest cities due to high residential demand from their large populations, relatively higher transparency levels and presence of premium regional and national developers.
The top ten cities were Gurgaon, Mumbai, Noida, Pune, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad and Kochi.
Indians Prefer NCR/Delhi to Buy House
The real estate market in India continues to be an end-user market. However as far as investments are concerned, Delhi, Mumbai and Hyderabad are the top three most preferred real estate investment destinations in 2010, nationally. According to a recent survey, ‘Realty Trends 2010’ for Indian metros and Tier II cities by web portal Makaan.com, the realty sector in 2010 is going to be driven by end-users. Intere-stingly, the market on a whole is buzzing with a lot of activity.
As per the survey findings, amongst the respondents, the national capital tops the chart with 34 per cent buyers wanting to buy a house here. This is followed by Mumbai with 28 per cent interested buyers nationally and 11 per cent each in Bengaluru and Hyderabad. The survey also reveals that due to recession and fluctuating property prices, property seekers were shying away from making a property purchase last year, but with the improving economy and slightly stable property prices, property seekers are ready to jump into the market this year. It’s interesting to know that most buyers, who are interested to buy a house, this year, want it for self-consumption. This confirms the fact that speculators, which drove the real estate boom from the years 2004 to 2007 are more or less out of the market. And even the ones who are willing to invest at this time are long-term investors.