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Nod for mixed use on land for SEZ in Noida

Posted on Nov 08, 2016
Delhi/NCR

Uttar Pradesh government has cleared a proposal to change the land use of about 1000 hectares of land earmarked for a Special Economic Zone (SEZ) as per its Master Plan-2031, on the Noida-Greater Noida Expressway. The move comes more than two years after Noida Authority had sought the change. The said land is now proposed to be categorized as mixed land use including a residential area across 865 acres, said officials.

The Authority had proposed the following pattern of land use division. While 50 percent of the SEZ land will be used for industry, 15 percent will be earmarked for residential including group housing as well as allotment of farmers plots. Another 10 percent of the land will be reserved for commercial while 10 percent will be blocked for institutional use. The balance land will be used for planned development and green spaces. The SEZ land is located across nine sectors including sectors 145, 146, 147, 149, 156, 157, etc spanning villages of Gulavli, Jhatta, Mohiyapur, Nalgada.

"The Authority has been facing a shortage of land and this approval from the state government will provide us with a much needed land bank," said P K Agarwal, Chief Executive Officer (CEO), Noida Authority. “WE will soon start the development of this land. Not only will it help us create industry and housing but will also generate employment for scores of people besides giving Noida a further economic boost,” he added.

According to officials, the land had been notified for developing the SEZ in 2006 and allotted to Reliance-Anil Dhirubhai Ambani Group (R-ADAG) and nine other IT companies by the Mulayam Singh government. However, in August 2007, the Mayawati government rejected the SEZ proposal saying that it did not conform to the Centre's guidelines and that it violated the provisions of contiguous land.

Facing a severe land crunch, in September 2011, Noida Authority sought the entire project land back hoping to utilise the SEZ land. "The land has been lying vacant and idle for many years now," said S C Gaur, Chief Architect Planner (CAP), Noida Authority. "With an aim to use it and considering it is the only land bank left with Noida, we decided to change its land-use and utilize it for housing, commercial, institutional and industrial purposes," he further said. "We also plan to allot developed five percent plots to farmers in lieu of their lands acquired by us for development purposes in the area," he added.

Having approved the proposal in a Board meeting in February 2014 the Authority then through a public notice in July 2014 called for suggestions and objections to the proposal of land-use change. "After hearing and addressing the suggestions and objections the proposal was forwarded to the Uttar Pradesh government for approval. We expect the formal go ahead from the government by the end of this month as the proposal is currently being scrutinized. After this the land use change will be notified in our Master Plan-2031," the official said.

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Delhi’s land pooling policy regulations yet to be notified

Posted on Nov 03, 2016
The Delhi government, Delhi Development Authority (DDA) and municipal corporations of Delhi have been told by the urban development ministry to sort out various issues to enable notification of regulations for the land pooling policy.The issues discussed at a meeting held on Tuesday included notification of 89 villages as urban areas by North munic ...
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Growth in infrastructure development will bring prices down: Experts

Posted on Oct 18, 2016
Mumbai :  Concerned over the rising land cost, realty experts believe that growth in infrastructure development will result in bringing the prices down."Infrastructure plays a key role in real estate development. Land prices will come down if infrastructure is in properly developed. Ahmedabad, Hyderabad are two good examples where property pri ...
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Madras HC bans registration of unauthorised plots, houses

Posted on Sep 13, 2016
ChennaiIt also directed the inspector general of registration to circulate the order to all registering authorities in Tamil Nadu forthwith.Registering sale deed of houses built on unauthorised layouts will not be possible anymore in Tamil Nadu. The Madras high court on September 9, imposed a blanket ban on registration of sale deed concerning hous ...
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Land prices decline in Delhi-NCR, Mumbai, says Knight Frank

Posted on Aug 31, 2016
Mumbai: Land prices across residential areas in Mumbai and Delhi-National Capital Region (NCR) have fallen in the last one year as both these markets cope with high inventories, slow demand pick-up and poor sentiment.Landowners are offering discounts as high as 30% to developers, according to property advisers and developers.Average land prices in ...
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Noida receives 3 bids for group housing plot

Posted on Aug 18, 2016
Delhi/NCREven as real estate seems to be down in the dumps, land in Noida seems to be in demand.Noida Authority has received three bids for its 1.26 lakh square meters of land for a group housing plot in sector 43 on August 12. While the technical bids will be examined and in place by August 16, the financial bids will be finalized by the end of ne ...
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Sarojini Nagar: An upcoming property hub

Posted on Aug 04, 2016
LucknowLiving in a society that provides an array of facilities to people, is everyone's dream. People prefer living in the heart of the city for easy access to the main centres.The preference of city centres as living spaces is fast gaining ground. Keeping in mind this perspective of buyers, the real estate market of Lucknow is offering properties ...
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AP govt to revise market value of land

Posted on Jul 06, 2016
HyderabadIn a move to cash in on the prevailing real estate boom in Andhra Pradesh, the department of stamps and registrations has proposed to increase the market value of land in the state. The move is expected to fetch an additional revenue of Rs 1,000 crore annually to the cash-starved exchequer.The AP government, in fact, had increased the mark ...
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Rajasthan Housing Board looks to jack up reserve prices of land as real estate business struggles

Posted on Jun 22, 2016
Jaipur: At a time when there is no hope of revival of real estate market, the Rajasthan Housing Board (RHB) is planning to increase the reserve prices of its land.Proposals to increase rates have been called from all the circle offices in this regard. If the proposals are accepted, rates of under constructed houses will shoot up in the state. "The ...
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Allotment of plots to farmers from June 20

Posted on Jun 20, 2016
HyderabadBringing down the curtains on the uncertainty surrounding distribution of plots to farmers, chief minister Chandrababu Naidu said the process of allotment of plots to farmers who offered lands for Amaravati will be taken up from June 20.He said the exercise will be kicked off from Nelapadu village. Sources said Nelapadu was chosen as it wa ...
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Noida residential land rates hiked by 14.19%

Posted on Jun 14, 2016
Residential land rates in Noida are set to go up.New Okhla Industrial Development Authority (NOIDA) Board at its meeting held on Thursday gave approval for a 14.19 percent hike in land allotment rates.All land rates are rupee per square meter.Commercial land rates were, however, not hiked.Residential land rates in category E newly-developed sectors ...
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Gurgaon, Noida home sales fail to recover on high circle rates despite in prices

Posted on Jun 07, 2016
GURGAON: The property market in NCR is at its lowest ebb. Prices have either plateaued out or fallen over the past couple of years. Like any bear run, this ought to have got buyers looking for long-term returns interested. But that hasn't happened. As much as the trust-deficit has spooked investors, a devil hiding in the detail has further queered ...
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Govt to transfer entire ULC land bank to MHADA for affordable housing

Posted on May 21, 2016
By Accommodation Times News ServiceAfter drawing flak from all the corners for allocating land to an institute of filmstar Hema Malini, who is also Member of Parliament of Bharatiya Janata Party (BJP) at throwaway price at Mumbai, the BJP- Shiv Sena led State Government has changed the policy of allocating land in 9 cities including Nagpur. Now, th ...
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Gurgaon's realty space gets a double boost

Posted on May 12, 2016
GURGAON: The Haryana government has unveiled a two-pronged measure to create more space for housing in its cities by allowing plot owners to increase ground coverage as well as purchase additional floor area ratio(FAR).This means the state's urban spaces, particularly NCR cities like Gurgaon and Faridabad, will get both taller and more congested as ...
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State's new land rules may adversely impact projects

Posted on Dec 24, 2015
BangaloreThe state government's move to implement the new land acquisition Act from next year will adversely impact the infrastructure projects it has planned to undertake, several experts said. "If the price of land around the city is Rs 20 crore per acre, and the government has to purchase a huge area for its projects, it is entirely possible tha ...
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Land identified in MMR for affordable housing

Posted on Dec 18, 2015
MumbaiThe Maharashtra Housing and Area Development Authority (Mhada) has identified land parcels spread over 1,100 acres across Mumbai Metropolitan Region (MMR) for developing affordable housing projects. "We have identified these land parcels based on connectivity and infrastructure including water supply among other facilities that are needed for ...
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High-end Homes within Affordable Prices

Posted on Nov 07, 2015
HYDERABAD: Even high-end homes in Hyderabad  are available within the affordable price range now as builders are taking pains to attract more number of buyers and increase the sale of homes.“During the realty boom in 2007-09 many builders launched high-end homes and villas by buying land at a huge cost. When it came to construction, they inclu ...
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Palloor residents demand revision in land prices

Posted on Aug 28, 2015
KANNUR: The much delayed and discussed Thalassery-Mahe bypass road project, is heading for further complication, as the residents of Palloor in Mahe, through which the road would pass, have decided to demand the revision of the price fixed in 2011 and want four times the government-approved rate for land in 2015."Though the project was mooted in 19 ...
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Urban affordable housing offers $12 billion opportunity for pvt sector

Posted on Aug 24, 2015
NEW DELHI: Urban affordable housing segment presents a $11.8 billion (Rs 75,800 crore) opportunity for the private sector, estimates real estate consultant Cushman & Wakefield in a report released in association with realtors body CREDAI.The consultancy, in a report released at NATCON 2015 held in Istanbul, pegs demand for affordable housing at 535 ...
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Plot projects on a rise in Bengaluru

Posted on Aug 11, 2015
There has been a sudden spurt in plotted development projects across Bengaluru. Even leading developers have entered this segment due to a combination of factors. One of the factors attributed is that in a sluggish market scenario people are keen to commit for the lower investment tag.  This has necessitated a number of developers to diversify ...
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