Easy commutes, better infrastructure for homebuyers in Noida and Greater Noida
Noida’s budgetary allocation of 1,500 crore for development of infrastructure projects will make commuting easier for buyers who have booked units in sectors 74, 100, 137, among others
The three industrial authorities of Uttar Pradesh – Noida, Greater Noida and Yamuna Expressway recently allocated ₹ 20,160 crore for their 2016-17 budget.
“This is a completely publiccentric budget which keeps in mind property buyers and those who have shifted into their houses. The main thrust of this budget was developing public infrastructure in Noida and Greater Noida, including the Yamuna Expressway area to make these urban sprawls a sustainable one,” says Saumya Srivastava, deputy chief executive officer (DCEO) of the Noida Authority.
Noida has allocated ₹ 1,500 crore for the development of metro projects to ensure that the three metro projects continue to be on the fast track. These underconstruction metro projects are the 30 km Noida-Greater Noida link, the 6.8 km City CentreSector 62 metro link and the 3.9 km Kalindi Kunj- Botanic Garden link.
“Our aim is to take metro connectivity to all areas in Noida, be it residential or industrial. Once the 30 km Noida-Greater Noida Metro project gets ready by next year, much of the commuting hassles will be over. Our three under-construction metro projects will benefit buyers who have bought houses along these three routes,” says Srivastava.
The Noida- Greater Noida Metro link is surrounded by residential, commercial and institutional projects including malls. Noida’s sectors 71, 51, 52, 74, 77, 79, 100, 107, 137, 142, 144, 150, 145, 168 and Greater Noida’s Pari Chowk, Knowledge Park-II, Knowledge Park-I, Pari Chowk, Alpha- I, Alpha- 2 and Delta- 1, among others, are located along ₹ this under-construction metro link, to be opened to the public next year.
“The metro will pass through many upcoming residential areas where buyers have made investments. It will benefit homebuyers once it is ready,” says Rama Raman, chairman of the three authorities – Noida, Greater Noida and Yamuna Expressway.
Apart from fund allocation for metro projects, Noida Authority has also earmarked funds for other important projects. As much as ₹ 404 crore will be spent on construction of underpasses, flyovers and elevated roads to ensure smooth flow of traffic.
About ₹ 220 crore has been set aside for construction of multilevel parking lots and ₹ 120 crore will be used for development of parks, and ₹ 132 crore for construction of roads, among other projects.
“I have recently booked a flat in Sector 77 that is located next to the under-construction Noida- Greater Noida Metro project. I plan to shift there only after the metro link is opened to the public. My office is in Delhi. Once the link is ready, I will be able to travel comfortably to Delhi from Noida. I am looking forward to the Noida Authority’s plan of setting aside this budget for infrastructure development. Once it is ready, it will definitely make our lives easy,” says Amrita Raghav, a property buyer.
Noida will spend ₹ 20 crore on constructing dedicated cycle tracks along various roads to offer safe passage to cycling enthusiasts.
Greater Noida, on the other hand, has allocated ₹ 1,295 crore for development projects like roads, parks and civic amenities. The city plans to spend ₹ 210 crore for development of villages in 2016-17.
A b h i s h e k D a b r a l , wh o recently shifted to Sector 47, Noida, welcomes the development funds allocated for urban villages by the authority, saying everyone in the area will benefit if these areas located next to housing complexes get access to civic amenities.
Noida’s allocation of ₹ 120 crore for development of parks will help develop the lungs of the city.
“These green areas will work as recreational spaces for all, particulary children and elders, who need space to spend quality time,” he says.
“I chose Noida against other NCR towns as my home because it has good parks and better recreational spaces that other areas,” he adds. ₹ 1,000 crore is the initial funding for NMRC by the Noida Authority
50% stake in NMRC likely for ministry of urban development (MoUD) Ministry of urban development involvement with NMRC will fast track ongoing projects
15-km Noida sector 71/72 to Greater Noida’s Knowledge Park-V
11-km metro link project to be built between Sector 142 and Sector 94, parallel to Noida Expressway 20.6-km metro rail route between Greater Noida and Jewar also proposed in 2014
Construction of metro in Noida is in full swing and the first phase will be ready by next year.