Yamuna Expressway Authority to deliver 6,000 flats, plots in coming three months: A new beginning in the real estate in Noida

More than seven years after they were allotted land by the Yamuna Expressway Industrial Development Authority (YEIDA), relief is in store for some of its 21,000 individual allottees.

The Authority is getting ready to hand over possession of more than 6,000 residential plots and flats in the next three months. The first batch of 3,055 allottees has already been issued possession letters by the Authority in January and February this year. This is a major boosts for the residential property in Noida.

According to officials, the 6,029 plots and flats will be located in sectors 18, 20, 22A and 22D. Allotment of this property was done between 2009 and 2013.  Further, the chief executive officer added that they will be handing over possession to allottees holding plot sizes of 300 to 500 metres each.

The official additionally confirmed that while 435 plots will be handed over in pockets 2A and 2C in Sector 18, 666 plots will be handed over in pockets O and Q in Sector 20. Nine hundred plots will also be given in Sector 22D, while 4,028 flats will be handed over in Sector 22A.

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DMIC township reconsiders land allotment rates

Top 5 Localities to Buy Affordable Apartments in Noida

Mr .Singh said that so far they had given possession to 55 allottees holding plots measuring 400 metres in pockets A and B of Sector 20. Elaborating on the plots already allotted. In all, 3,000 plots of 300 metres and 500 metres have also been delivered to applicants in pockets I and J of Sector 18 and in pockets U and T in Sector 20. He has, in principle, approved the distribution of Rs 65 core as enhanced compensation to able to pass an additional 6,200 plots and flats. While 4,200 flats will be [assed in Sector 22 and long with that 1,100 plots will be passed in sectors 18 and 20 and 900 plots in Sector 22D.

According to YEIDA officials, allottees are facing a delay in securing possession of their plots due to farmer agitations.Farmers from over 77 villages in the area have been agitating for a hiked compensation of 64.7% for their acquired land. In August 2014, the Uttar Pradesh government had ordered YEIDA to pay increased compensation to farmers.

The  Apartments inNoida will surely be benefited with this move.

DMIC township reconsiders land allotment rates

Integrated industrial township (IIT) in Greater Noida under the Delhi-Mumbai Industrial Corridor (dmic) project has on March 27 revised its land allotment prices beneath its land disposal policy. The decision was made during a board meeting held in Greater Noida. In the meeting, there was the presence of Alkesh Kumar Sharma, chief executive officer and managing director, DMIC, and Deepak Agarwal, CEO, Greater Noida Industrial Development Authority (GNIDA). The board also permitted an incentive plan for the first investor, along with reviewing the physical and monetary progress of the township.

As per the GNIDA officers, the bottom slab for plot size greater than 40,000 square meters has been decreased by way of nearly 27% for the industrial allotment of land in the under-construction 335-hectare township, in an effort to improve the walk-to-work idea. According to Mr. Agarwal the new costs may be Rs.5, 100, instead of Rs. 7,000 in step with per square meter in this slab. This has been done to attract investment and promote enterprise. It is made sure that made the land prices are attractive to the investor as well as competitive to woo industrialists. The development will also benefit the residential property inGreater Noida.

The previous land charges have been finalised in December last year.  But as an incentive, the board has additionally accepted an early investor rebate of 20% inside the land allotment charge for business plots. The first investor may be able to avail himself of this cut price supplied he begins creation straight away. Additionally, Mr  Agrawal stated that they are expecting anchor units, that are electronics production devices, IT-based totally, hi-tech, bio-tech and research and improvement gadgets to installation base here.

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Top 5 Localities to Buy Affordable Apartments in Noida

Your Quick Guide to Buy property in Noida

Noida Authorities Actions to Make Dearer Real Estate in Noida

Mumbai-primarily based developer shapoorji pallonji, which become presented the project on January nine, 2016, has been directed to finish the mission inside two years. Located within the Dadri-Noida-Ghaziabad investment vicinity of the hall, the township is predicted to provide employment to heaps of people.

The recent step by the board will surely boost the property in Greater Noida as it will invite participation from buyers and sellers.

Top 5 Localities to Buy Affordable Apartments in Noida

Noida, which is one of the largest industrial zones in India, has undergone tremendous changes over years. The city has grown by leaps and bounds in terms of real estate projects. Finding a right residential project for investment as well as end use is not a big deal due to the presence of leading builders in Noida.

From skyscrapers to high-end malls, villas, commercial complexes, and well-established gated communities, every type of property is available in Noida. The only problem when looking for property in the city is of having the right knowledge of different locations. For your convenience, here are the top five localities to invest in Noida’s real estate market.

Yamuna Expressway

This six-lane controlled expressway is one of the fastest growing localities in Delhi NCR region. A large number of upcoming projects in Noida have been launched in this locality due to smooth connectivity to Agra and Delhi.

Greater Noida

Starting from the Yamuna Expressway, this suburban part of Noida city has developed terrifically in terms of infrastructure. The launch of many commercial spaces and educational institutes contributed in demand for residential property in Greater Noida. This is a great place to buy properties in Noida for investment purpose.

Noida Extension

Smooth connectivity to Noida, Greater Noida and Ghaziabad has played a vital role in the development of this area. Several builders found this area suitable for residential and commercial projects. Noida Extension is a great choice for the home buyers looking for affordableapartments in Noida.

Sector 74 and 79

Close proximity to the National Highway (NH) 24, Greater Noida Expressway and part of South Delhi, makes these sectors a hot property destination. Apart from this, commercial spaces and educational institutions also drew the attention of investors and builders in Noida towards Sector 74 and Sector 79.

Noida Authorities Actions to Make Dearer Real Estate in Noida

Soaring prices in all of these localities are making them hot property investment destinations for those looking for high capital gains. Further, with smooth connectivity, well-developed social infrastructure and proximity to industrial zones, these areas make a good choice to live and spend a life. This is the reason behind the equal demand of properties by both the investors as well as end-users in Noida.