Author Archives: Pravitha Rohit

    Jewar Airport to Boost Noida’s Real Estate Market

    Category : Blog

    Proper transportation and accessibility in a city helps it grow in all avenues. The upcoming Jewar Airport in Greater Noida will boost the city’s growth in the long run. This project is also expected to help the corporate sector prosper in the city.

    Even though Gurgaon and Greater Noida are at an equal distance from Delhi, the travelling time to both cities differ by a huge margin. You can easily travel to Gurgaon from New Delhi in approximately 35 minutes. On the other hand, travelling to Noida from the capital takes almost one and a half hours. This is also one of the major factors that contribute to multinational and domestic companies choosing Gurgaon to open their offices.

    Although property prices in Greater Noida are comparatively lower than that of Gurgaon, you will seldom find any major companies with their offices in the city. The demand for office areas in Gurgaon is so high that it has almost reached a point of saturation. People find it convenient to stay in Gurgaon, due to the multiple numbers of companies in the city and easy accessibility to New Delhi.

    Ray of Hope for Greater Noida

    The Civil Aviation Ministry has recently approved a new airport in Jewar. This place is situated along the popular Yamuna Expressway connecting Agra and Greater Noida. This new airport can prove to be a boon for Greater Noida. It will help people reach the city faster from New Delhi as before. This will also help revive the almost dead infrastructure development and home sales in Greater Noida. In other words, this airport can shift the concentration of multinational and domestic companies, as well as, property seekers from Gurgaon to Noida.

    Noida’s cheap property prices have prompted various developers to build residential properties in Noida. However, it failed to attract the attention of large and small-scale companies. This new airport project in Jewar is expected to attract these companies, boost job opportunities in Greater Noida, and improve the state’s economy.

    Project Issues in the Past

    The proposal for this airport was initiated in the year 2007 by the Mayawati government. There were multiple reasons behind the drop of the proposal by the Central Government. One of the primary reasons is a rule about the existence of multiple airports in an area. This rule states that no second airport can be constructed in a radius of 150 km from an existing airport. Jewar Airport was within a radius of 72 km from the existing Indira Gandhi International Airport of Delhi.

    Development of Jewar Airport Plan

    The debate on the topic about the need of an airport at Jewar went on for quite some time. However, the plan was dropped after the previous government clearly refused the project. If you are from Noida, then you should thank Mahesh Sharma, the recently appointed Minister of State for Civil Aviation, as he restarted this debate. He very clearly stated the importance of such a project and also how an airport can help the various cities around, such as Greater Noida. He was of the opinion that when more than one airport can function at the same time in London, why can’t such a similar thing happen around Delhi.

    With most of the major issues tackled successfully, this airport will surely help the real estate business of Noida and also boost up job prospects in the city. The residents of Noida will not have to leave their homes to find a good job.

     

    Author Bio:

    Pravitha Rohit is working as a content strategist at commonfloor.com. She enjoys writing informative blogs, articles, and reviews. She likes to think of her writing as an online resource; helping end-users answer questions, while guiding others in the direction they seek


    How Land Pooling Policy and Smart City Project are Transforming Delhi

    Tags :

    Category : Blog

    On June 25th, Prime Minister Narendra Modi launched three nationwide initiatives, namely Smart Cities Mission, Housing for All, and Atal Mission for Rejuvenation and Urban Transformation (AMRUT). These initiatives are a part of the current government’s plan to provide housing for all citizens of the country by the year 2022. The Smart Cities Mission will develop 100 Indian cities as smart cities and the AMRUT mission has been designed to rejuvenate 500 other Indian towns and cities. The prestigious Rs.48,000 crore smart-city project in Delhi is a part of these programs. Delhi Development Authority is going to introduce land pooling policy to give shape to this ambitious project. Here’s how Delhi will benefit from the land pooling policy and the smart city project.

    Creation of Houses

    Delhi’s biggest problem lies in its unplanned urbanisations. Delhi Development Authority or DDA has been unsuccessful in acquiring even a single additional plot to build houses. Therefore, DDA has introduced the land pooling policy, which will unlock 20,000 to 24,000 hectares of land, thereby creating 24 lakh houses.

    Great Opportunity for Low Income Houses

    Through land pooling, interested owners will give up their lands to DDA, and 48 percent or 60 percent of their property will be returned to them. The rest will be handed over by DDA to developers who will create houses and commercial buildings on these lands.

    This is a great way of developing new houses for the increasing population, especially for low income households. If executed properly, Delhi might soon get rid of slum areas.

    Better Use of Lands

    Some areas in Delhi have inefficient land management. The land pooling policy will ensure that unused lands are properly covered and developed for creating residential complexes.

    Clear Proposition

    Rs 48,000 crore has been allotted for developing smart cities on the outskirts of Delhi. Dwarka, Rohini, and Narela are the areas, which fall under this scheme. These three areas will be developed as smart sub-cities. DDA plans to develop these areas by integrating plots surrendered by landowners.

    The area will be developed in accordance with an authorized blueprint. There are nine land-usage categories namely, residential, commercial, industrial, transportation, utility, public and semi-public facility, and recreational.

    Excellent Infrastructure

    The proposed smart cities will have world class infrastructure and facilities. It will have uninterrupted power and water supply along with high speed wifi connectivity. Entertainment parks in the likes of Disney World and Universal Studios are also in the pipeline. Apart from this, schools, hospitals, commercial complexes, and parking lots are some of the primary highlights of this project.

    Citizen-Friendly Program

    Prime Minister Narendra Modi stated that the government is keen on attracting foreign direct investment and private real estate developers for developing the smart city projects. However, he stressed on the fact that the decision on the design and infrastructure of the city will solely depend on its residents and state governments. According to Modi, the initiatives mark a paradigm shift, providing a people-centric approach to create world class urban spaces.

    Therefore, the private developers and investors cannot dictate their plans on the development of the smart cities.

    Green Environment

    The authorities involved in the project are determined to make the smart cities self-sustainable. Residential and commercial complexes will run on renewable energy. The concept will emphasize better waste management by implementing energy efficiency and water conservation methods.

    The capital city of India is soon going to be the first smart city of the country and it will attract investors, foreign tourists, and raise the standard of living of its residents.

     

    Author Bio:

    Pravitha Rohit is working as a content strategist at commonfloor.com. She enjoys writing informative blogs, articles, and reviews. She likes to think of her writing as an online resource; helping end-users answer questions, while guiding others in the direction they seek.


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