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Real Estate News from Ghaziabad and Discussion Forums

Latest Real Estate News on 'Ghaziabad'


Ghaziabad societies slapped with huge water, sewer bills

Comments Off on Ghaziabad societies slapped with huge water, sewer bills   |  March 4, 2014

GHAZIABAD: Residents of several housing societies in Ghaziabad, including Indirapuram and other areas, are up in arms against Ghaziabad Development Authority (GDA) which has suddenly issued extremely high bills of water and sewer charges. Most housing societies claim to have never received any such bill in the past from the authority.

The bill amounts range from Rs 15 lakh to over Rs 1 crore, depending on the number of apartments. The Federation of Associations of Apartment Owners of Ghaziabad (FAAOG) said that more than 100 societies- high-rises with large number of flats in them-have been issued the bills, particularly in areas of Indirapuram, Raj Nagar Extension and Crossings Republik.

Many of the housing societies claim bills against water charges have been issued despite no supply of Ganga water to their premises. Other societies complain that sewer charges were levied despite problems with the disposal system, like overflows and blockages, not having been fixed by the authority. Maintenance of the areas, where the societies are located, has not yet been handed over to the Ghaziabad municipality.

“Initially, officials had directed RWAs to undertake the responsibility of collecting bills from society residents. The authority has threatened to disconnect water and sewer lines if payments are not made in time,” said Alok Kumar, president, FAAOG.

Appeals have been made by many housing societies to GDA to prohibit sudden imposition of these stiff bills. The federation also asked the GDA to take a considerate view in levying the bills. However, collection has been initiated by the GDA that has set up camps within societies’ premises.

The FAAOG has approached Allahabad high court for respite. A contempt petition alleging that GDA has flouted a December 2013 high court order, which barred development authorities from levying any development fee or water charge till rules are framed by the state legislature, was admitted by the court last week.

http://timesofindia.indiatimes.com/city/noida/Ghaziabad-societies-slapped-with-huge-water-sewer-bills/articleshow/31301102.cms



National Green Tribunal upholds order on reckless concretization

Comments Off on National Green Tribunal upholds order on reckless concretization   |  February 25, 2014

NOIDA: The National Green Tribunal on Thursday reinforced a 2001 UP government order to preserve rapidly declining levels of groundwater in Ghaziabad and to restrict reckless concretization of urban areas. The order, issued by the UP chief secretary in April, 2001, stipulates that no more than 5% of parks and green areas be covered with concrete or tiles.

The implementation orders were issued by the principal bench of the tribunal on a petition in which it has been alleged that large-scale tiling and concretization of urban landscape has restricted natural groundwater resources and is threatening urban biodiversity in the long run.

“It is submitted that the ground water level has gone down from 16 metre in the past to 19 metre. Due care should be taken so that further such damage is prevented,” states the order.

The PWD secretary has been directed to convene a meeting with Ghaziabad Development Authority (GDA) and Ghaziabad Municipal Corporation within two weeks. The authorities have also been asked to ensure enforcement of the order and address replenishment of groundwater in the city. A report is to be submitted by March 24.

The order stipulates that footpaths and tracks in green areas must be constructed only with permeable or semi-permeable and perforated blocks. The bench has extended the scope of this order to any entity that takes possession of land in Ghaziabad.

“These directions should be made applicable to all authorities or societies to whom the land is handed over,” says the order.

http://timesofindia.indiatimes.com/city/noida/National-Green-Tribunal-upholds-order-on-reckless-concretization/articleshow/30752003.cms



Farmers protest against township, choke NH-24

Comments Off on Farmers protest against township, choke NH-24   |  January 29, 2014

GHAZIABAD: Farmers agitation against a private township project in Ghaziabad turned violent on Sunday and chocked NH-24 for hours resulting in a massive traffic jam on Sunday.

Thousand of farmers from 18 villages, whose land has come under the 9,000 acre proposed city, began a march from the project site to the Ghaziabad collectorate. Hundred of commuters got stuck in a massive traffic jam on NH-24 as the farmers rode on their heavy vehicles and tractors blocking the route. The farmers even misbehaved and thrashed some commuters when asked to free the highway.

Farmers have been up against the private developer since December 16. Intensified their agitation, they warned that the developer and state government have been forcing them to repeat the Bhatta-Parsaul episode. “By not paying heed to our issues for many years, the developer and government are trying to provoke us. Till now we have holding peaceful dharnas, but soon farmers may take the law in their own hands,” said Anand Nagar, farmer leader and district president of Kisan Sangharsh Samiti.

Government officials chose to remain silent on the issue. A senior official, on the condition of anonymity, said the MoU for the project was executed between the former BSP government and the developer and GDA has nothing with it. “We have received a memorandum from farmers, but this issue cannot be sorted out at our level,” the official added.

http://timesofindia.indiatimes.com/city/noida/Farmers-protest-against-township-choke-NH-24/articleshow/29426886.cms



REALTY RADAR: NOIDA-GHAZIABAD LINK ROAD

Comments Off on REALTY RADAR: NOIDA-GHAZIABAD LINK ROAD   |  January 27, 2014

With work in progress on 21-km stretch of Noida-Ghaziabad link road, the spotlight is on the realty projects in nearby areas

TNS

With new cities being added regularly, the NCR kitty is growing and evolving rapidly. But infrastructure development remains a major issue in most of these NCR areas as far as the growth of the real estate sector is concerned. Though Gurgaon and Noida are considered the growth engines of real estate in the Delhi-NCR area, there are certain pockets even in these ‘old’ NCR towns that are yet to develop fully due to the lack of proper growth of infrastructure. Realty experts opine that the major NCR towns are reaching a saturation point as far as prices and supply of residential stock are concerned, and both buyers and developers are moving out to the periphery areas. In such a scenario connectivity between different NCR towns will be a major factor in the emergence of new residential destinations for mid-segment buyers.

With the Noida Authority going full throttle on completing the Noida-Ghaziabad link road, potential home buyers can now put the sectors and areas along this road on their radar. “As much as 10 to 12 per cent of Delhi’s load is shared by Noida and Ghaziabad. After the completion of this road within the next eight to nine months the commuting time from Delhi will be just 30 minutes. This will make it a good option for those looking for a home close to their workplaces”, says Anil Mithas, CMD, Unnati Fortune Group.

Conceived originally as FNG (Faridabad-Noida-Ghaziabad) Expressway in the early 1990s, this corridor was meant to link the three NCR cities independently. According to the initial plan, the corridor was to be 56-km long and was to connect NH-24 near Ghaziabad and NH-2. But the project remained in a limbo for a long time with the Haryana government opted out of it in the late 1990s. As the project is part of the Noida Master Plan 2021, the Noida Authority (NA) is in the process of completing the Noida-Ghaziabad stretch of it, resurrecting the project as 75-m-wide, and 21-km-long Noida-Ghaziabad link road. Almost 16 km stretch of this link road is in the NA’s jurisdiction. The route of the link road begins from Sector 63, Noida, which abuts NH-24 and ends at Sector 168 along the Noida-Greater Noida Expressway. Encroachments and illegal squatters have been the major hurdles faced by the authorities in completing the work on this vital link road that will ensure smooth travel between Noida and Ghaziabad and faster access to Greater Noida.

The link road will affect realty fortunes, too, in the region as better connectivity will enhance the ‘livability quotient’ of the nearby areas. “This link is going to create a level playing field in the Delhi-NCR and henceforth the focus will rightly be shifting from oft-repeated ‘location, location and location’ to ‘connectivity, connectivity and connectivity’. If the property prices in Gurgaon are high, it is all due to connectivity and this link will help the lesser valued markets like Noida and Ghaziabad to scale up in its value and liveability index”, says Navneet Bhadla, Director, Brys Group.

With a number of developers already active in the area, market watchers claim that as many as 43 residential projects are likely to benefit from this. These projects have an inventory of around 30,000 to 35,000 residential units with over 6,000 still on offer.

The developers having projects in the vicinity include Unnati Fortune group, Supertech, Sikka group, 3C, Ajnara, Amrapali group, Prateek Buildtech, Eldeco, RG Group, Logix etc. While the Supertech group launched ‘The Romano’ project in the area (Sector 118) recently, the work is already in progress at Unnati Fortune group’s Aranya project (Sector 119) along the link road. The prices in Unnati’s 19-acre Aranya are in the range of Rs 4,500 to Rs 7,500 per sq ft. Supertech will be investing Rs 1350 crore in its Roman-themed project and the price range being offered is Rs 4,350 per sq. ft. “As the market at present is end-user driven, the areas in the vicinity of this upcoming link road are attracting a lot of attention by buyers looking for residential options in the range of Rs 45 to Rs 65 lakh”, says Suresh Gupta, a Ghaziabad-based property consultant. However, the price appreciation will be moderate in the next two to three years, he adds.

Gupta also advises the end users to be alert as a number of developers are still “selling’ their projects as being in the ‘shadow’ area of the FNG Expressway where as in reality Faridabad is no longer a part of it.

“The benefits from this will take time to reach the masses. This being the reality, end users should buy into properties along this stretch thinking about gains maybe 4-5 years down the line”, cautions Ganesh Vasudevan, CEO, Indiaproperty.com.

Fast facts

The 16 km stretch of the link road in Noida begins at Chijarsi village (Sector 63) near NH-24 and will pass through Sectors 119 142, 143B, 167 and 168 along the Greater Noida Expressway and end at Assdullapur village near Sector 168.



एफएनजी मार्ग की अड़चन दूर

Comments Off on एफएनजी मार्ग की अड़चन दूर   |  November 25, 2013

• अमर उजाला ब्यूरो
नोएडा। फरीदाबाद, नोएडा व गाजियाबाद को जोड़ने वाले एफएनजी मार्ग की जमीन की अड़चन को दूर कर लिया गया। करीब सात सौ मीटर एफएनजी पर सोरखा के किसान सड़क बनाने देने पर राजी हो गए हैं।
एफएनजी की राह में सेक्टर-118 के पास करीब सात सौ मीटर की दूरी में जमीन का विवाद था। सोरखा गांव के किसान इसका विरोध कर रहे थे। उनका कहना था कि पांच प्रतिशत आबादी और मुआवजा वितरित करने के बाद निर्माण होने देंगे। प्राधिकरण के अधिकारी पिछले दो दिन से लगातार प्रयासरत थे। मांग शीघ्र पूरा करने के आश्वासन के बाद किसान मान गए। इसके बाद मंगलवार से सड़क का निर्माण भी शुरू हो गया है। इस दौरान प्राधिकरण ने पुलिस का भी इंतजाम कर रखा था।
परियोजना अभियंता एचएन सिंह ने बताया कि करीब सात सौ मीटर एरिया में बचे एफएनजी के काम को तेजी से पूरा कराया जाएगा।

http://epaper.amarujala.com/svww_zoomart.php?Artname=20131120a_005105004&ileft=-5&itop=1061&zoomRatio=188&AN=20131120a_005105004



Landmark Group exits Wave project for Rs. 350 crore

Comments Off on Landmark Group exits Wave project for Rs. 350 crore   |  October 31, 2013

The Landmark Group has exited from Wave Group’s 4,500 acre Hi Tech City (Wave City) in Ghaziabad for Rs. 350 crore. The Group had earlier invested Rs. 111.26 crore in in the project.

The first phase of the project will comprise of 20,000 dwelling units, of which 4,000 units are close to being delivered. The total project in its final configuration will have in excess of 75,000 dwelling units.

Earlier this year, Wave Group ventured into affordable housing segment by launching Dream Homes at Wave City Ghaziabad, at sub Rs 14 lakh bracket.

Landmark has earned 3.15 x on its initial investment. In the ongoing scenario where private equity investors in real estate are struggling to recoup their investments, this successful exit envisages the payout taking place in six tranches between June 2013 and February 2014.

Landmark has exited two more investments this year. Its investment in the ATS Group earned it a multiplier of 2.3 x on its investment, with an implied IRR of 24.5%. The other exit was from Shipra’s residential high-rise apartment development in Indirapuram, Ghaziabad, where Landmark has earned 2.10 times its original investment of Rs. 50.53 crores in the deal.

Landmark, a company of the Dalmia Group, is one of the earliest and a leading investor in real estate projects. It has invested with prominent developers such as Ansals, Wave, Parsvnath, Forum, Pioneer, ATS, Kumar Builders etc. It has invested in 25 projects as an equity or a quasi-equity investor.

http://www.track2realty.com/landmark-group-exits-wave-project-for-rs-350-crore/



NGT upholds UP order on concretization in Ghaziabad parks

Comments Off on NGT upholds UP order on concretization in Ghaziabad parks   |  September 14, 2013

GHAZIABAD: The National Green Tribunal on Monday reinforced a UP government order on the Ghaziabad Development Authority and Ghaziabad Municipal Corporation restraining the authorities from rampantly concretizing green areas within parks.

The order, issued by the UP chief secretary in April 2001, had asked municipal authorities not to concretize more than 5% of the total areas of parks. The order was issued to facilitate groundwater recharge.

http://timesofindia.indiatimes.com/city/noida/NGT-upholds-UP-order-on-concretization-in-Ghaziabad-parks/articleshow/22239647.cms



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