Month: April 2017

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Area development

RERA comes into effect tomorrow: Here’s everything you need to know

PTI|
Updated: Apr 30, 2017, 12.15 PM IST
READ MORE ON »Union Urban Development Ministry | RERA | real estate | Government | CREDAI
http://economictimes.indiatimes.com/wealth/real-estate/realty-act-rollout-from-may-1-but-states-yet-to-frame-rules/articleshow/58441744.cms
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Area Updates

Eastern Peripheral Expressway to be opened for traffic by year-end: Gadkari

NEW DELHI, APRIL 28:  

As the cost of land acquisition rises, there is need to lower the cost of road construction, Road Transport and Highways Minister Nitin Gadkari said on his visit to Mohana, which lies at one end of the Eastern Peripheral Expressway – a six-lane national highway aimed at getting heavy vehicle traffic out of Delhi.

“This is the first project where the cost of land acquisition has crossed the project construction cost,” Gadkari said at a conference on a stretch being constructed by Hyderabad-based Gayatri Projects, adding that one option was land pooling, which his ministry would consider, as had been done in Surat and Amaravati. “Overall, an average 60 per cent of work has been done. We have spent ₹5,900 crore on acquiring land, while ₹4,418 crore has been spent on construction,” he said.

The Eastern Peripheral Expressway will also be connected with the Yamuna Expressway and Aligarh-Palwal Expressway. “We have agreed to connect Yamuna Expressway to this access-controlled expressway, and also Aligarh-Palwal. We have asked the Uttar Pradesh government to help us acquire land,” the Minister said.

Gadkari said this could become one of the fastest projects to be built, which is expected to be completed by the year-end although he would like the project to be completed by August 15.

“With the GST coming from July 1, we are trying to shift the warehouses from within Delhi to stretches along the highways,” he added.

Concrete pavers

Gadkari said six high-quality concrete pavers were being used by contractors in the expressway.

On the funding aspect, he said the National Highways Authority of India (NHAI) was trying to raise bonds abroad and there was “a huge response” in a recent roadshow.“We can raise more funds, but there are RBI restrictions on not raising over ₹5,000 crore at one time,” he said.

The Minister said they would not want to raise funds at costs beyond 5.5 to 6 per cent. “We have enough funds from LIC. I have been asking NHAI to spend as much in acquiring land.”

Responding to questions regarding farmer concerns, he said there would be service lanes, and many underpasses were being built where farmers have land on both sides.

Regarding compensation, Gadkari said that the compensation that farmers are getting is higher than the market rates. “Some people are demanding compensation under the new Act and we are trying to accommodate as much is possible,” he added.

(This article was published on April 28, 2017)
http://www.thehindubusinessline.com/news/national/eastern-peripheral-expressway-to-be-opened-for-traffic-by-yearend-gadkari/article9672307.ece
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Area Updates

Now use your EPF for home loans.

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Area Updates

YEIDA revives proposal for Greater Noida-Jewar airport Metro

GREATER NOIDA: With the reins of the UP government in new hands, Yamuna ExpresswayIndustrial Development Authority (YEIDA) has decided to revive the high-speed Metro link project between Greater Noida and the proposed international airport at Jewar. In a meeting held last week, officials of YEIDA discussed the issue with Delhi Metro Rail Corporation and the latter is likely to revert to YEIDA within a week on whether the project and cost would be feasible.

The corridor was first proposed by YEIDA board in February 2014 and again in June 2015. In June 2016, the DMRC had told YEIDA that it was too early to prepare a techno-economic feasibility report (TEFR) for the proposed corridor and suggested that it be done after five years.

According to YEIDA officials, they decided to revive the project in order to provide connectivity to the rapidly urbanizing area.

The proposed 35-km Metro track will be aligned at the road level along the Yamuna Expressway. It will link the zero point of the Yamuna Expressway in Greater Noida to YEIDA’s proposed Jewar airport.

This track will also be linked to the under-construction 29.7km Metro corridor connecting Noida and Greater Noida. “We have asked DMRC to study the primary feasibility of the project along with the cost,” said Arunvir Singh, chief executive officer, YEIDA.

“DMRC will conduct an initial feasibility study and will let us know, after which we will take the project further and ask them to prepare a TEFR for the proposed project,” he said.

The proposed line is expected to not only provide a fast link between the two townships of Greater Noida and YEIDA, but also bring these places closer to the national capital by boosting connectivity.

According to officials, the cost for putting in place an elevated Metro track is estimated at nearly Rs 200 crore/km. By the same formula, the YEIDA

Metro should cost more than Rs 7,000 crore.

However, YEIDA has asked DMRC to study the feasibility and financial viability of running the Metro at the road level along the expressway.

This will bring down the cost to almost Rs 40-50 crore/kilometre.

“The population in Greater Noida and YEIDA is set to increase considerably. Besides, several new housing schemes are also in the pipeline. Considering that thousands of more people will come to reside in the area, the Metro link will prove to be very useful. It will also serve the several proposed residential, industrial and IT units along the expressway besides the proposed Jewar international airport.”

On February 2, 2014, the YEIDA board proposed the Metro track to run along the Yamuna expressway between Pari Chowk in Greater Noida and Sector 22 in the YEIDA area.

 

On June 24, 2015, the then CEO of YEIDA Santosh Yadav decided to take the Metro track further up to Jewar. This track was proposed to be 38km long between Knowledge Park II in Greater Noida and Jewar area.

 

However, in October 2015, YEIDA once again changed the route of the proposed Metro alignment.

 

The new proposal linked a 20-km Metro corridor between the zero-point of the Yamuna Expressway in Greater Noida to YEIDA’s Sector 20.

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Area Updates

Central Goverement to carry out Technical Evaluation for Airport

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Area Updates Le Solitaire

Jewar airport may come up in three years.

Good news for investors;

The land required for Jewar Airport on Yamuna Expressway near Noida can be acquired in six months after the Centre clears the project, CEO of Yamuna Expressway Industrial Development Authority (YEIDA) Arun Vir Singh said.

He said after the acquisition, the authority will be able to build the airport in three years. YEIDA, he said, has written to the civil aviation ministry seeking permission for the project.

In 2001, Rajnath Singh, then UP chief minister, first proposed an airport at Jewar. Mayawati, too, pursued the project after she became chief minister in 2007, but failed to make any headway because there was a distance clause which prevented setting up a new airport within 150km of IGIA. Jewar is about 100km from IGIA.

Arun Vir Singh said this clause has been dropped in the new aviation policy, making an airport at Jewar possible.

In fact, two airports at Amarawati and Vijayawada are now being developed just 80km of each other.

But what really tilted the scales in favour of Jewar airport is chief minister Yogi Aditya Nath’s push. Within days of taking over, he asked his officials to go ahead and draw up plans and take the Centre’s permission.

The Centre is likely to go along with the proposal as Gautam Budh Nagar MP Mahesh Sharma, who is the Union culture and tourism minister, had said a number of times that he favoured a new airport to come up at Jewar.

But the Akhilesh Yadav-led SP government had been dragging its feet. His government tried to find out some alternate site for the purpose. But that did not work out.

YEIDA boss Singh said around 5,000 hectare (12,500 acre) area has been notified for the airport. But the immediate requirement of land will be around 1,200 hectare (3,000 acre).

GMR, which operates the IGI airport, will get the first right of refusal to build the Jewar airport because of the terms accepted by the government while giving it the contract to modernise and expand IGIA. The airport will provide a huge impetus to development in Noida, Greater Noida, Ghaziabad, Meerut, East Delhi and areas on the Yamuna Expressway till Aligarh, Mathura and Agra. Because of the Yamuna Expressway, the driving time to Mathura and Aligarh is about 75 minutes. CREDAI chairman and CMD of ATS Infrastructure Getamber Anand said the new airport will create huge job opportunity in the region and will drive all round development.

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Area Updates Le Solitaire

New U P Chief Minister approves Jewar Airport,a long awaited decision for Noida

Today the much awaited major infra push was announced by clearing the road for Delhi NCR 2nd airport at Jewar on Yamuna Expressway just 15 kms from our Solitaire City.See news:

http://aajtak.intoday.in/story/yogi-adityanath-up-cm-big-decisons-electricty-airport-1-922004.html

3. पश्चिमी यूपी को मिलेगा एयरपोर्ट
पिछले काफी लंबे समय से पश्चिमी उत्तर प्रदेश में एक एयरपोर्ट की मांग रही है, मायावती सरकार ने जेवर में एयरपोर्ट को मंजूरी दी थी. लेकिन अखिलेश यादव की सरकार आगरा में एयरपोर्ट बनाना चाहती थी, अब योगी सरकार ने जेवर में एयरपोर्ट बनाने पर दोबारा विचार किया है. उम्मीद जताई जा रही है कि जेवर में जल्द ही एयरपोर्ट बनाने को लेकर एलान हो सकता है. आपको बता दें कि जेवर नोएडा के पास है, जो कि केंद्रीय मंत्री महेश शर्मा का संसदीय क्षेत्र है. और गृहमंत्री राजनाथ सिंह के बेटे पंकज सिंह का विधानसभा क्षेत्र भी है.

UP chief minister Yogi Adityanath has pushed for completion of the Jewar International Airport in Greater Noida.(Burhaan Kinu/HT file photo)

Chief minister Yogi Adityanath will push for the Jewar International Airport in Greater NOIDA region and an international airport in Agra. The state government will also remove “Samajwadi” from the “Poorvanchal Expressway” project of the previous Akhilesh Yadav-led Samajwadi Party government.

Chief minister gave directions to senior officers of infrastructure and industry development department during the presentations made to him on late Thursday evening. Union minister of state for civil aviation (independent charge) Mahesh Sharma who had been favouring the Jewar International project had recently met the chief minister.

According to sources, the chief minister asked senior officers to take up with the Centre the issues concerning the construction of Jewar International Airport. Mayawati led BSP government had also been pushing for the Jewar International Airport. The SP government, however, had preferred an international airport in Agra and considered Saifai (SP chief’s native village) as one of the options.

Read I UP CM Akhilesh Yadav defers Noida visit to inaugurate infra projects

“Chief minister has asked officers to push for construction of an international airport at Jewar. He has also asked the officers to explore the Agra option,” said a senior officer. About the Agra-Lucknow expressway, the chief minister asked the officers to get the work completed at the earliest. He said the work on Poorvanchal Expressway, too, should also be started at the earliest.

The chief minister said the super specialty hospital coming up at NOIDA should be developed on the lines of the All India Institute of Medical Sciences (AIIMS). He said the Gautam Buddha University situated at Greater NOIDA should be developed as centre of excellence. He asked the officers to explore the option of re-opening the closed spinning mills in the state. He asked officers to submit a report on the issue in three weeks.

http://www.hindustantimes.com/noida/up-cm-adityanath-bats-for-airports-in-jewar-agra/story-YOXrasvEponQ4JYDZs9ruM.html