New Delhi: Real estate developers expect home prices to rise by at least 25 per cent in Noida Extension as the government's approval to Greater Noida master plan has paved the way for start of construction, which was stalled for over a year in the area.
The National Capital Region Planning Board (NCRPB) has given its nod for master plan, which was made mandatory by a court order in October 2011 for any construction activity in Noida Extension, a newly proposed residential hub in the NCR.
About 2.5 lakh homes have already been launched, of which about 1.5 lakh were sold even before construction work stopped about a year ago on farmers protest.
"The housing demand in Noida Extension is going to be very high after NCRPB approval, while supply is very weak....
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11:12 AM, Aug 26, 2012
New Delhi: The long wait of thousands of home buyers to possess flats in Greater Noida finally could be nearing an end as a statutory on Thursday approved the Draft Master Plan for Greater Noida-2021. National Capital Region Planning Board (NCRPB) officials on Thursday said that in its Statutory Committee meeting here "the Draft Master Plan for Greater Noida-2021 was considered and recommended for consideration of the NCR Planning Board."...
08:25 AM, Jun 29, 2012
Greater Noida: Uncertainty continued to loom large over Noida Extension home projects with the NCR Planning Board yet to clear the Greater Noida Master Plan 2021. "There is no chance of resuming construction of Noida Extension projects in the next four months as it will take at least 3-4 months for getting approval of the Greater Noida Master Plan," NCR Planning Board member secretary Naini Jayaseelam told Noida Extension Flat...
10:41 PM, Jan 23, 2012
New Delhi: Real estate developers on Monday said the Land Acquisition Bill passed by the Cabinet would make land costlier by up to 80 per cent, adversely affecting the housing development in the country. Expressing disappointment over the Bill, which will now be introduced in Parliament on Wednesday, apex realtors body CREDAI NCR President Pankaj Bajaj said, "Farmers' interest have been protected, but the housing requirement of middle class have...
11:59 PM, Sep 05, 2011
Noida: With farmers on warpath over greater compensation for their acquired land, Noida Chairman Balwinder Kumar on Tuesday said it was "practically not possible" to meet the key demand. "There is no possibility of increase in compensation for land which has already been taken. If authority gives the hike to one village then the others too will demand. There will be no acceptable cut off date for such a hike....
07:15 PM, Jul 26, 2011
New Delhi: Noida Extension Flat Buyers Welfare Association, which represents nearly 30,000 affected flat owners in Greater Noida, is expecting that the Allahabad High Court will admit its applications on July 26 to become a party in the cases related to land acquisition. In two separate orders, the High Court has quashed the acquisition of about 750 hectares of land from farmers by the Greater Noida Development Industrial Authority (GNIDA),...
05:11 PM, Jul 24, 2011
New Delhi: Noida Extension was pegged as North India's next big housing boom destination with cheap prices and spacious development, but after the Supreme Court's judgement all that might have changed. Until last week the makeshift booking offices of developers across Noida extension were crowded with customers, but after the Supreme Court ruled in favour of the farmers, the tide has turned against both the developers and the customers leading...
09:14 AM, Jul 12, 2011
Greater Noida: The Supreme Court's decision to cancel land acquisitions in the Noida Extension area has left thousands of investors in the lurch. But in Shaberi village, the order has made many farmers happy. Sixty three-year old Rajpal Arya was a relieved man after the Supreme Court on Wednesday asked the Uttar Pradesh government to return the 156 hectares of land they had acquired in Shahberi village to the farmers....
12:08 AM, Jul 08, 2011
New Delhi: Jubilant farmers of Sahberi village danced after the Supreme Court stayed the acquisition of their land by the Greater Noida Authority. As the apex court struck down the acquisition of land from farmers by commercial builders in the Noida Extension area, about 156 hectares of land will now go back to the farmers. But the judgement has spelt gloom for the thousands of home buyers, whose investment is...
08:33 PM, Jul 06, 2011
