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

HT Estates - - FRONT PAGE - Van­dana Ram­nani

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

7,500

buy­ers have been sent of­fers of pos­ses­sion

2 2,000

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

70,000

units to be handed over by the end of 2016

3

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.

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