Noida Extension/ Yamuna Eway Land Acquisition issues

Update: 14 May 2011

While farmers agitation/High Court land acquisition denoticification are unfortunate events for GNoida/YEIDA, there could be a some opportunity for properties in legal areas in Ghaziabad and Noida in short term because of following

1. In recent times, Yamuna Expressway plots had stolen thunder as far as plots in NCR are concerned. It now appears that some of the land on YE townships/sectors may not be in possession of Govt. It would be an understatement that the prices on YE were crazy (15-30 K psy) for a region that cannot boast about any nearby school/hospital/jobs in the vicinity, but that did not deter investors to pour funds in the region. YE plots are a good 100 km return drive from Noida/DND. Considering the costs of toll @ Rs1.5 per km and petrol prices where they are now, it was a non-starter from day-one. A small needle can really puncture bloated area if not supported by genuine demand.
2. At the same time genuine plots of GNoida sectors (Eta/Site-C/Ansal Golf Link 2) and Ghaziabad (Wave City NH-24, RajNagar Ext)) begged for attention as their prices are not only less than YE but they can boast of better existing infrastructure/Schools/Jobs/metro.
3.  The flats in Noida Ext were sold because they were cheapest in NCR. However, now legitimate areas in Noida (Sector 7x, eway), Ghaziabad (NH-24, NH-58), Crossing Republic and RajNagar Ext could see a rebound and genuine demand.
4. The NE areas where high court has denotified were never given possesion by authority to builders. This means if the registry has been done for the land by the builder, it is safe. Some of the better builders in Noida Ext impacted by denotification are planning to re-allocate flats in other legal areas wherever feasible as per their feelers.
5. The days of reasonably-priced plots and flats may be getting over. The land aquisition process would now become tougher and costly process at the expense of development and land-less service middle class.All political parties are bending over backwards to woo the farmers. No one really thinks about a huge middleclass who aspires to have reasonably-priced homes. The future trend would be that the builders have to buy their land directly from villagers (not through public service garb) at the market rate.

We suggest to tread with caution till UP election scheduled in May/June 2012. Happy investing

नोएडा एक्सटेंशन में अधर में लटके 10 हजार फ्लैट्स!

Posted on May 15, 2011 at 07:21pm IST | Updated May 15, 2011 at 08:58pm IST

नोएडा। नोएडा एक्सटेंशन हजारों लोगों के लिए बड़ी टेंशन बन गया है। शाहबेरी गांव की जमीन लौटाने के हाई कोर्ट के आदेश और बिल्डरों के लुभावने वादों की पोल खुलने के बाद इलाके में सन्नाटा पसरा है। जिन लोगों ने यहां फ्लैट बुक कराए हैं अब उन्हें इस बात की फिक्र सता रही है कि क्या उनके पैसे वापस मिलेंगे। किसानों के मुताबिक अथॉरिटी ने शाहबेरी गांव की जमीन का अधिग्रहण ये कहकर किया था कि यहां विदेशी कंपनी लगाई जानी है लेकिन अथॉरिटी ने बिल्डरों की मिलीभगत से ये जमीन हाउसिंग प्रोजेक्ट के लिए अलॉट कर दी।

जानकारी के मुताबिक ग्रेटर नोएडा अथॉरिटी ने यहां चार बिल्डरों आम्रपाली, सुपरटेक, महागुन और गौर संस को जमीन अलॉट की थी। लेकिन शाहबेरी गांव के 156 एकड़ जमीन के अधिग्रहण पर हाईकोर्ट ने सवाल उठाते हुए जमीन आवंटन को रद्द कर दिया है। हाई कोर्ट ने जिस जमीन पर सवाल उठाया है उसमें आम्रपाली का स्मार्ट सिटी, सुपरटेक का इको विलेज फेज-टू का कुछ हिस्सा है। इनके अलावा महागुन ने अपने फ्यूचर प्रॉजेक्ट्स के लिए इसी गांव में जमीन ले रखी है और गौर संस के टाउनशिप का कुछ हिस्सा भी शाहबेरी में पड़ता है। ऐसे में यहां तैयार हो रहे करीब 10 हजार फ्लैट का निर्माण अधर में लटक गया है।