Home at last in Noida Extension
After enduring years of delay due to land acquisition issues, over 1,000 families to finally celebrate Diwali in their new homes
Ahub of affordable housing which had its first project launches way back in 2009-10 at ₹ 1,800 to ₹ 2,000 per sq feet ( around ₹ 3,500 per sq ft now), Noida Extension or Greater Noida West has always held out hope for first-time homebuyers. Many of them patiently waiting in the sidelines for good deals are realising their dreams now - at least 1,000-odd buyers will be celebrating Diwali this year in their new homes.
The journey has not been easy as buyers have had to endure delays of almost a year and a half after the land acquisition issue was sorted out, with many emptying out their bank accounts paying equated monthly installments (EMI) and rent while waiting for possession as deadlines passed and were extended again. The land acquisition issue ( litigation over compensation paid to farmers) and the Allahabad High Court’s order in October 2011 to get the Greater Noida Master Plan 2021 approved before construction work commenced we r e m a j o r s e t b a c k s f o r the Noida Extension property market. Developers, buyers and investors, however, heaved a sigh of relief as the impasse over the area ended with the approval of the Greater Noida Master Plan2021 by the NCR Planning Board in August 2012, clearing the way for resumption of construction of hundreds of housing projects in the area.
As per a rough estimate, about three lakh apartments are expected to come up in Noida Extension by 2018. “While over a 11,000000 families have moved in, they are grappling with a host of issues, including lack of water supply from the Ganges, missing pin code, lack of basic amenities such as public transport and hospitals or nursing homes,” says Abhishek Kumar, president of Noida Extension Flat Owners Welfare Association (NEFOWA).
He also alleges that a few developers have sent out letters to buyers to take posses- 14,000
units will be available by the end of 2015
buyers have been sent offers of possession
residents have moved into in various projects here
sio sion even though projects have not got completion certificates. One letter sent to a buyer states “…take possession of the said property notwithstanding the issuance of completion certificate by the concerned authority.”
Residents complain that while the basic infrastructure such as roads and markets etc exist, the area has no public transport except for shared autorickshaws that charge ₹ 10 from NH24 to Kisan Chowk. Auto fares from 1.5
lakh units in the area under phase 1
units to be handed over by the end of 2016
lakh units, including those in new plots auctioned in 2011, to be ready by 2018
the centrally located Kisan Chowk to Sector 71, Noida, or to the Metro station in Sector 32 are also a reasonable ₹ 10. Access to ready cash is a problem as no ATMs exist here, forcing people to go to Sector 119, Noida, or Crossings Republik, at least 3 km away.
Locals also allege that ever since developers were offered increased FAR (from 2.75 to 3.05)
many of them have converted parking lots to apartments.
When asked about the lack of basic transportation in the area and other facilities, Rama Raman, chairman and CEO, Noida Authority, says that the DPR of the Metro route has already been submitted and the authority will be spending ₹ 3,500 crore on the Metro project connecting Noida and Greater Noida. Where basic transportation is concerned, the city bus service to be run by private operators will get operational in the next three months. “Ganga water supply has been delayed because the water treatment plant is getting ready. It will take about two years to get the supply moving,” he says.
On t he i ssue of completion certificates, Manoj Gaur, president, Credai NCR and MD, Gaursons, claims that his company is perhaps the only one to have received five completion certificates in projects where over 1,000 people have already moved in.