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Few takers for nursing home plots due to ‘steep rates’
NOIDA: The offer given by Noida Authority to displaced nursing homes inviting bids for commercial plots has found few takers due to the “exorbitant rates” charged for them.” The scheme launched last week in accordance with the Supreme Court’s directions offered non-residential plots ranging between 1,000 to 2,000 square metres. However, of the 50-odd displaced nursing homes, just about a couple have shown interest in the scheme so far.
The nursing home owners said the “steep cost” of the Authority’s new scheme and the cumbersome construction work they will have to take up on the plots does not seem like a lucrative proposal. “Besides the high land cost of Rs 4-5 crore, nursing homes owners will have to put in several lakhs for construction work that will also be time consuming. Add to it the annual lease rent they will then have to pay to the Authority for the next 11 years,” said Dr AC Bisaria, president, IMA Noida. “Such huge investments to set up the clinics and nursing homes will make it very difficult to offer inexpensive medical facilities,” he added.
Many displaced nursing home owners are contemplating shifting their operations to vacant plots in the urban villages where the Authority permits commercial activity in 50% of the total area. Besides being close to residential sectors, these areas offer vacant space at comparatively cheaper rates.
Earlier this year, the Authority had witnessed a similar reaction to its scheme offering alternate plots to displaced banks. Most banks opted out of the scheme citing steep costs and, instead, shifted to vacant spots in the urban villages across the city.
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