Bet­ter man­age­ment need of the hour

HT Estates - - HTESTATES - Rozelle Laha

Lo­cated in the heart of Noida, sec­tors 25 and 26 are counted among the posh lo­cal­i­ties of the city. One of the well-known ar­eas of Noida, Jal­vayu Vi­har, strad­dles sec­tors 21 and 25. One of the old­est sec­tors in the city, it was built by the Air Force Naval Hous­ing Board dur­ing the early ’ 80s and’ 90s for re­tired Air Force and Navy per­son­nel. The so­ci­ety is reg­is­tered under the name of Jal­vayu Sehkari Awas Samiti.

Sec­tor 25 con­sists of plots of sizes rang­ing from 112 m to 540 m and is di­vided into dif­fer­ent types of apart­ment cat­e­gories. Type 1, Type 2 and Type 3B are part of the area ini­tially al­lot­ted to ju­nior de­fence and were of sizes rang­ing from 590 sq ft to 940 sq ft.

The of­fi­cers’ area hosts type 3A, type 4, type 5, type 6, du­plex a, du­plex b, du­plex c flats with plot ar­eas rang­ing from 1060 sq ft to 1720 sq ft. Each apart­ment has a car park­ing of 220-250 sq ft each.

De­spite be­ing lo­cated close to the DND Fly­way, sev­eral hos­pi­tals, schools and mar­ket­places, res­i­dents of Sec­tor 25 are not a happy lot. “The large size of the so­ci­ety makes it un­man­age­able. As a re­sult, res­i­dents face issues like lack of se­cu­rity, fre­quent thefts and dog bites,” says Com­modore (Retd) Surya Prakash, for­mer chair­man of Jal­vayu Vi­har Awas Samiti.

Al­most 70% of the flats in the area are now oc­cu­pied by non-Air Force and Navy per­son­nel, who are not mem­bers of the so­ci­ety.

“We have been plan­ning to di­vide the Jal­vayu Vi­har into 15 blocks, each block with its own man­age­ment com­mit­tee as it is dif­fi­cult to man­age the whole block through one head. The Com­mis­sioner of the Hous­ing Board, based in Luc­know, has been de­lay­ing the ap­proval of the pro­posal for three years now. We had writ­ten to him in Oc­to­ber 2011 ask­ing him to con­vert this so­ci­ety into a Res­i­dent Wel­fare As­so­ci­a­tion ( RWA),” says Com­modore Prakash. Con­vert­ing this so­ci­ety will make this area more man­age­able and hence a bet­ter place to live, he adds.

Go­ing by the lat­est cir­cle rates, the cur­rent land val­u­a­tion is ₹ 50,000 per sq m but cap­i­tal rates have ap­pre­ciat e d by over 1 0 0 % i n t he past f ive years. Ac­cord­ing to Com­modore Prakash, the price of his apart­ment in 1994 was about ₹ 4 lakh. Now, it has es­ca­lated to nearly ₹ 1.2 crore. The av­er­age rentals in Sec­tor 25 range from ₹ 12,000 for a 1BHK to ₹ 35,000 for a 3BHK.

One can buy a 1BHK for ₹ 45 to ₹ 50 lakh, a 2BHK for ₹ 55 lakh to ₹ 65 lakh and a 3BHK for ₹ 2 crore to ₹ 2.5 crore in Sec­tor 25, Noida. Th­ese apart­ments come with wooden in­te­rior fit­tings, fans and lamp­shades.

Sec­tor 26 com­prises mostly of kothis and has some MIG flats in Block B and D re­spec­tively, with plot sizes of 112 sq m. The cost of th­ese sin­gle storey units range from ₹ 85 lakh and ₹ 90 lakh.

How­ever, given the ex­cel­lent lo­ca­tion and con­nec­tiv­ity, the de­mand for prop­erty is very high in the re­gion. Bhu­vnesh Ja­nard­han, a prop­erty dealer op­er­at­ing in the area, says “sec­tors 25 and 26 are old sec­tors and fully de­vel­oped. So, the de­mand is al­ways greater than sup­ply here.”

Many res­i­dents i n t hese ar­eas, es­pe­cially i n Sec­tor 26, have had private de­vel­op­ers re­con­struct their plots. How­ever, t hey can sell t he whole prop­erty to j ust one sin­gle buyer.

Some res­i­dents here are de­mand­ing that, l ike other ar­eas in the city, they want free­hold prop­er­ties in­stead of lease­hold ones as the move will help them save the extra amount they pay ev­ery time the lease is trans­ferred. Th­ese sec­tors are close to three big malls in Noida – the Spice Mall, The Great In­dia Place and SAB Mall. Block J in Sec­tor 25 boasts of a bad­minton court, ten­nis court and a squash court.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.