With government major policy reforms like RERA, GST, and Housing for all initiative, today even a mid-segment buyer can think of buying their dream home. Whether it is a tier-1 city or tier-2 city most of the developers are focusing on the development of affordable homes that are in reach of maximum homebuyers.
In a recent development, the Gautam Budh Nagar has finally acquired the first portion of farmland for the proposed Jewar International Airport. The acquired land parcels have been transferred to the project’s implementing agency.
The Yamuna Expressway Industrial Development Authority (YEIDA) recently revealed that since the announcement of Jewar Airport, investment has received a major boost in and around the Yamuna Expressway areas.
The Uttar Pradesh State Government gave nod for the Jewar airport bid document prepared by Price water house Coopers [PwC]. The proposal will now be sent to Union civil aviation ministry for clearance officials said. The ministry is expected to send clearances for the same by the December-end. After which, the project will have an open international bidding for the tendering process.
NAIL, i.e. the Noida International Airport Company Limited will be responsible for the bidding process. This is a company formed by the Yogi Aditynath-led Uttar Pradesh State Government in August 2018 to get the Jewar International Airport project rolling. The company NIAL recently formed a core team of 10-members that include officials from YEIDA for the handling of airport-related work.
In order to expedite the work of the Jewar Airport, the UP Government has directed all the three authorities i.e. Noida, Greater Noida and Yamuna Expressway to provide funds for the same. The order has been given by the UP chief secretary Anup Chandra Pandey, in a recently held meeting in Lucknow.
The meeting was also attended by CEOs of the three authorities as well as Noida international airport limited (NIAL), the agency which has been appointed to supervise the airport development work. Speaking after the meeting, YEIDA, as well as NIAL CEO Arun Vir Singh, said, “As discussed earlier too, the Noida authority and the state government will both have a stake of 37.5% each in the company while the Greater Noida authority and the YEIDA will have a stake of 12.5% each.”
According to a latest report by a top real estate services and investment management firm, Noida has emerged as the third most sought-after commercial destination in India followed by Bengaluru and Hyderabad. The report released by Colliers International revealed that flourishing start-up culture, lower rentals, well-developed infrastructure, and improved connectivity have geared up the commercial real estate in Noida.
The report stated, “Noida registered 100 percent growth in the office space absorption in H1 2018 as compared to 2017. Close to 2 million sq ft of office leasing was recorded during the period. However, the figure is expected to grow to 3.5 million sq ft by the year-end.”
In a recently held conclave in the national capital, Uttar Pradesh CM Yogi Aditynath assured that the International Airport at Jewar would be ready within next three years. On Saturday, the CM participated in the India Idea Conclave 2018 in Delhi where he also announced that the Ground-breaking ceremony for Jewar airport will be performed by year end.
Speaking during the conclave, CM Adityanath said, “By the end of December we will get the PM to perform the shilanyas at the site of the international airport at Jewar and within three years we will be able to provide good service to NCR areas.”
In a recent development, the Yamuna Expressway Industrial Development Authority (YEIDA) has invited bids for selecting a consultant that will study ways to connect the proposed Jewar Airport to Delhi and other important cities of NCR. The last date to submit applications is October 24, as told by YEIDA officials.
According to Shailendra Bhatia, an officer on special duty at YEIDA, the consultant applying should have an annual turnover of at least Rs 20 crore in the last three financial years and should be able to submit the report within four months.
After receiving the consent of more than 70% farmers for the land acquisition of Jewar Airport, the Gautam Budh Nagar administration is now working on the proposal for the same of the proposed Jewar international airport project which will be prepared by this week. According to the authority officials, the UP government is expected to start the acquisition process by the end of October.
A senior authority official has revealed that currently they are preparing the proposal for the acquisition and as per the procedure; the process will begin after UP chief minister Yogi Adityanath approves the social impact assessment (SIA) report.
The Greater Noida Industrial Development Authority (GNIDA) is all set to allot over 1200 ready to move flats in the two sectors of Greater Noida from October 10. The new housing scheme will offer multi-storey apartments, located in Sector 12 and Omicron 1. The announcement has been made keeping in mind the festive season which is going to start from Wednesday.
According to the scheme, the Authority will offer possession of 1, 246 housing units of various configurations i.e. 1-BHK, 2-BHK and 3-BHK flats with modern amenities. All the information about the scheme will be made available on the GNIDA website.