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Noida International Airport just 15 minutes drive from our project

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Emerging Mobile manufacturing hub,Noida-Greater Noida,Samsung invests another Rs 4900 Cr

http://economictimes.indiatimes.com/industry/cons-products/durables/samsung-to-double-production-at-noida-invest-rs-4915-crore/articleshow/59038738.cms

 

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Sports City stadium to host IPL Games from 2018.

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Area development

Jewar Airport plan to be sent for Centre’s nod.

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RITES and Civil Aviation director meet YEIDA for Jewar airport

GREATER NOIDA: Following the appointment of RITES, a Government of India Enterprise for conducting an Obstacle Limitation Survey (OLS) for the proposed international airport at Jewar, Uttar Pradesh Director, Civil Aviation Devendra Swaroop met Arunvir Singh, Chief Executive Officer (CEO), Yamuna Expressway Industrial Development Authority(YEIDA) on Tuesday to take the project further. A team of officials from RITES also met Singh to chart out the road map for conducting an Obstacle Limitation Survey (OLS) for the project.

According to YEIDA officials, the survey by RITES for the OLS will commence from next week. “A team of YEIDA officials will provide complete support to the RITES officers for the survey,” said Singh. “The OLS survey is likely to be completed by June 15, 2017,” he explained.

The Union ministry of civil aviation in May 2016 had asked the UP government to conduct a fresh feasibility study and OLS survey on the project as a similar assessment was conducted by UP civil aviation department director for the airport project in 2010. On April 26, 2017, YEIDA had formally appointed RITES for the survey.

Singh further told TOI that Chairman YIEDA, Dr Prabhat Kumar will also discuss the phased-wise construction plan for the airport on Friday, May 12, 2017. “The phasing for the construction of the proposed airport was discussed with the Civil Aviation Director on Tuesday. The central government has recommended some changes in the earlier construction plan. However, the final decision and phase plan will be revealed by the Chairperson,” he said.

The Jewar airport proposal has been hanging fire for years, first mooted in 2001 by Rajnath Singh, the CM of UP then. Mayawati, too, pushed for it when she succeeded him as CM. But in 2012 the Akhilesh Yadav government scrapped the project, citing the clause that bars development of a second airport close to an existing one. Yadav instead pitched for Saifai as one of the three new options where an airport could come up. However, in November 2015, the UP government sent a letter expressing willingness to revive the Jewar airport proposal. The Civil Aviation Ministry worked on it and finally gave approval to the UP government in March this year.

The project has been fully revived after BJP came to power in UP and Yogi Adityanath the state chief minister decided to propel the project back on track.

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

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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Now use your EPF for home loans.

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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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Central Goverement to carry out Technical Evaluation for Airport