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Noida-Greater Noida, connecting Gaur City, metro extension accepted by UP govt

metrooo-final-imageToday the construction of the extension line of the Noida-Greater Noida Metro was approved by UP government.
According to the officials of the Noida Metro Rail Corporation (NMRC), the extension metro link will operate between Noida Sector 71 and Greater Noida Knowledge Park–V, joining the twin cities in Gautam Buddh Nagar region adjoining Delhi. The permission for an extension metro rail line was presented during a meeting of the cabinet ministers in Lucknow on Tuesday.
In January this year, the Aqua Line of the metro was introduced which connects Noida and Greater Noida, covering a length of almost 30 km.
The new metro route connecting Noida and Greater Noida will be 15-km long with nine stations between the densely populated regions of Gaur City and Noida Extension to the Aqua Line and adjoining DMRC Blue Line network.
According to a report, the new track would be made in two phases and the complete project would join Knowledge Park V in Greater Noida and Sector 71 in Noida. The current route has 21 stations and operates from the Sector 51 station in Noida to the Depot station in Greater Noida.
Noida and Greater Noida are now united through a Metro network. Beyond any doubt, when compared to Delhi and Gurgaon, property in Noida and Greater Noida in way more affordable. Earlier builders in the region found not many takers for their affordable housing projects for a variety of reasons. The absence of a transport network was the biggest cause why homebuyers were not interested to invest in the past. The metro extension would inspire those reluctant buyers to leave the fence and make a move. The initiation of the new Metro line will also lift the rates of the land in the area, along with its increase in sales.
Since Noida and Greater Noida will get better approachability to the NCR Delhi, property in these areas would become even more profitable as an investment alternative. Delhi where the housing options are very limited and expensive while migrant population numbers rise year after year, more and more people would move to Noida and Greater Noida with increased mobility and the affordable market. With a Metro network in place, traffic on roads would decrease, the traveling will be easier, pollution levels will also come down.
Lots of new projects are also launched in Noida and Greater Noida you can visit and find a suitable property of your taste…

December 4, 2019 / by / in , ,
NBCC needs 8500 crore to complete Amrapali Projects

According to proposal submitted by NBCC (National Buildings Construction Corporation Ltd) in Supreme Court, it will require about 8500 crore to complete 46,575 unfurnished flats and will take about three years to do so. The cost includes NBCC fee of about 774 crore. While selling off unsold flats can generate money to the tune of Rs 4,885 crore, the remaining Rs 3,853 crore would have to be raised to meet the total amount required to complete the flats left unfinished by Amrapali builders.

According to affidavit previously filed by Amrapali, it was informed that Rs 5220 crore are needed to complete all these projects. The major difference in the estimate cost of NBCC and Amrapali is in the completion of Leisure Valley Rs 500 crore approx. and Golf Home Rs 700 crore approx. NBCC will act as a project management consultant (PMC) while the construction and completion will be done by contractors. The company however clarified in the proposal that it will not be responsible for Amrapali’s liabilities.

As of now, NBCC has taken the burden of constructing the remaining unfinished Amrapali housing projects within the next three years.

September 5, 2018 / 1 Comment / by / in , , ,