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PRICE INDEX
Bollywood’s sugarcoated bitter pill I recently had both the pleasure and the pain of acquainting myself with thriller EK-Thi Daayan. Read more....
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GURU
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GYAN
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Ju
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FUNNY JOKES & Many More Read page no. 8
Weekly Realty Digital Magazine
Read Inside
Noida circle rates to go up, 17-35 per cent hike proposed
Cover Story
Gautam Gambhir’s Noida Extention- Dispute summary choice Serabella
Cover Story
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Contents Important Helpline Nos.
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News & Updates - Noida
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Guru Gyan
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Knowledge & Entertainment
7 Weather & Tech updates
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Our Team
Edited by - Priyanka Jadon | Priyanka@rudrabuildwell.com Contents - Danish Suhail | ds@rudrabuildwell.com Design - Sunil Bidaliya | sb1@rudrabuildwell.com
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Guru Gyan
Government Policies - Land Acquistion & Regulatory Bill Land Acquisition and Rehabilitation and Resettlement Bill (LARR), 2011 Development along with urbanisation demands for land acquisition at one point or the other. Considering the scarcity of land and growing pressure on the existing infrastructure, efforts have been to try other initiatives like increasing the FSI or increasing the density in the given areas to cater to growing population, however additional land shall still be required as many cities have reached the threshold of their carrying capacities. To cater to such needs either private parties buy land themselves or government helps in land acquisition particularly for public purposes, however it has never been a smooth process and project affected people have more or less been neglected or under compensated. This has given rise to agitation and in worst situations, it results in stalled projects. With regards to public welfare Scope of LARR, 2011 and development needs, land acquisition has to be a fair mechanism, which ensures that there is no loss of a) Land Acquisition and R& R provisions shall apply livelihood of the affected people. In order to facilitate under the conditions as below: • land acquisition by the government for its own land acquisition along with proper compensation use, hold and control mechanism Draft Land Acquisition and Rehabilitation • land acquisition by the government to be and Resettlement Bill (LARR), 2011 was introduced by transferred to private companies for stated public the Government. Under our Constitution, land has been purpose (including PPP projects but other than recognised as a State subject however, land acquisition national highway projects) is a concurrent subject. Till date, before the draft LARR • land acquisition by the government for immediate and declared use by private companies was introduced, the basic law governing land acquisition for public purpose has been Land Acquisition Act, 1894. Although there are b) Only R & R provisions shall be applicable under the 18 other such laws of the central government for land conditions as below: acquisition (like for SEZ’s, railways, defence, highways, • partial land acquisition by government for etc.), the draft LARR shall enjoy the primacy over such private companies for public purposes specialised legislations that are currently in force. This • buying of land by private companies on their own for equal to or more than 100 acres draft Bill shall be in addition to and not in derogation of the existing safeguards currently provided for in these laws.
Question-Will the new Rehabilitation & Resettlement (R&R) Bill solve the problem of project affected people or will it add to the increase in the land prices? 25% Definitely Yes 14% Maybe: 38% Definitely Yes, it will solve the problem of project affected people: 25% Definitely Not, it will add to the increase in land prices: Can’t say: 23%
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Cover Story
BLOOMIN
Rudra Palace Heights was launched as a Boom for specific class of buyers which couldn’t ever thought buying a house in Delhi NCR. In 2010 the prices were Rs. 1650 per sqft. A 2-BHK house was easily available in Rs. 17 lacs only. Just a contribution of around Rs.2.5 lacs and the remaining amount being funded by financial institution /banks not only attracted the end user also invited a lot of investors or second home buyers. As per the trend of Real Estate Industry Noida Extn. soon started seen escalation
Real Estate In
of prices and there was the jump of approximate Rs. 350 per sqft by mar 2011. Since projects in Noida Extn. never looked back and the prices kept on increasing after certain intervals and today average price is Rs.3600 per sqft and still there is good demand in the market and developers are getting favorable sales response. The kind of infrastructure being provided agenda by Greater Noida Industrial Development Authority and the location of Noida Extn. which is next to Noida from one side and next to NH-24 as well. The wide roads, parks, proposed schools, proposed Metro, hospitals and shopping complexes would take the average sales price of Noida Extn close to 4500 per Sqft. very soon. 4
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NG
ndutry
Cover Story
Noida circle rates to go up, 17-35 per cent hike proposed NOIDA: Buying land or a house in Noida, Greater Noida or along the Yamuna Expressway may soon get costlier as the stamp and registry department has proposed to increase the circle rates by up to 35%. This proposal comes within days of the three development authorities hiking property rates by up to 30% after their board meeting on Saturday. Officials said the revised rates are likely to be implemented from mid-July . “We have proposed a hike between 17% and 35% in circle rates of all categories, including residential, institutional , industrial and commercial . While a hike between 17-20 % has been proposed for the residential sector, institutional, commercial and institutional sectors will witness an increase in circle rates between 27% and 35%. However , the proposal is subject to clearance by the state government.
The Real Estate Group’ Rudra Aquacasa is dubbed as the First Ever Lake Side Township in Noida Ext. the highlight of the project will be a whale shaped club for its residents and people from nearby localities. Rudra Aquacas is located in Sector-16 and Three Side open Society enjoys good connectivity from all the main hubs of Delhi- NCR including proposed Metro, Expressway and various highways. The projects has been designed in such a way that residents can not only enjoy living in proximity to the Capital but also connect therest of the National Capital Region. Some of the attraction of the locality includes Buddha Chowk, Parks, Golf Course, Engineering & Management Colleges, Schools, offices of Multinational Companies, malls and Multiplexes.
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News & Updates - Noida
GOOD NEWS for 600 Sq. Ft. Flat Owners There is a good news for all our 600 sq. ft Flat owners. The drawings of 700 sq. ft. are on drawing board for approval after which, We will be constructing 700 sq. ft. The new tower of 700 sq. ft. will be released once FAR is approved from 2.75 to 3.5 from Greater Noida Industrial Development Authority expected.
Noida ExtentionDispute summary Noida extension is spread over 9000 acres and consists of 13 villages. Noida extension has experienced remarkable infrastructural developments in the recent times. Proximity to Delhi and lower property prices makes it more favorable for the investors to invest here. To encash the latest opportunities , several real estates companies launched more than a dozen projects in the past few years , after the announcements of the Yamuna Expressway. The real estate builders together were allotted four Lac square metres of land by the Greater Noida Authority. These companies bought lands on both the sides of Yamuna Expressway from U.P Government at very low prices , which made the local farmers furious and they decided to protect against the government. This is why Noida Extension has been in news sincee pat many days due to bad reasons. Noida Extension news has hit the headlines because the local farmers demanded a higher compensation for their land which was bought by the U.P Government in around 10,000 crores to construct and develop Yamuna Expressway.
Areas affected by Noida Extension Dispute - Shahberi Village, Birakh, Patwadi, Khera , Chanuganpur, Tusiana, Amanabad, Khaipur gujar, Iteda, Haibatpur, Ghanghola, Saini, ROja, Yakubpur, khurd, Chityana, Yusufpur. Due to political influence on entire Noida Extension issues, the investment conditions in and around the area of YamunaExpressway was affected. Initially, the investors were assured about the full occupancy of the projects in the areas around the Expressway but the condition were different and things went worse. A number of flat owners withdrew the booking amount and various investors even cancelled their bookings. Current condition- Developers as well as buyers and investors who had invested their hard earned money in Noida Extension heaved a sigh of relief as the impasse over the area ended with the approval of the Greater Noida’s Master Plan-2021 by NCR Planning Board, clearing the way for resumption of construction of hundreds of housing projects halted in the area, first due to litigation over compensation to farmers and then over approval of the master plan by NCRPB. 6
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Knowledge & Entertainment Mr. Smith goes to see his manager in his real estate office. “Boss,” he says, “we’re doing some heavy housecleaning at home tomorrow, and my wife needs me to help with the attic and the garage, moving and hauling stuff.” “We’re shorthanded, Smith,” the boss replies. “I can’t give you the day off.” “Thanks, boss,” says Smith. “I knew I could count on you! A party of economists was climbing in the Alps . After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun. Finally he said, ‘ OK see that big mountain over there?’ ‘Yes’, answered the others eagerly. ‘Well, according to the map, we’re standing on top of it.
Story of two Frogs This is the story of two frogs. One frog was fat and the other skinny. One day, while searching for food, they inadvertently jumped into a vat of milk. They couldn’t get out, as the sides were too slippery, so they were just swimming around. The fat frog said to the skinny frog, “Brother frog, there’s no use paddling any longer. We’re just going to drown, so we might as well give up.” The skinny frog replied, “Hold on brother, keep paddling. Somebody will get us out.” And they continued paddling for hours. After a while, the fat frog said, “Brother frog, there’s no use. I’m becoming very tired now. I’m just going to stop paddling and drown. It’s Sunday and nobody’s working. We’re doomed. There’s no possible way out of here.” But the skinny frog said, “Keep trying. Keep paddling. Something will happen, keep paddling.” Another couple of hours passed. The fat frog said, “I can’t go on any longer. There’s no sense in doing it because we’re going to drown anyway. What’s the use?” And the fat frog stopped. He gave up. And he drowned in the milk. But the skinny frog kept on paddling. Ten minutes later, the skinny frog felt something solid beneath his feet. He had churned the milk into butter and he hopped out of the vat.
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Weather & Tech updates
Believe it or not
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Important Helpline Nos. Police Control Room 2525100 ,, 2351324 ,, 2350100 In case of Accident 2528058 ,, 2521073 SO Sec- 20 2523102 ,, 4349042 SO Sec- 24 2411173 ,, 4349045 SO Sec-39 2577100 SO Sec-49 2573665 ,, 4349046 SO Sec-58 2580412 ,, 3223308 SO Phase 2 2568600 Fire Service Fire Station Harola 2521111 Fire Station Sec-58 2562901 Fire Station Phase 2 2562999 Fire station Greater Noida 2569109 Power Control Room 2441614 ,, 2444100 Telephone GM 2441100 BSNL Help Desk 2051005 BSNL Customer Care Service 2441500 ,, 2440198 Hospitals Asha The Child Care 2584931 Apollo Hospital 2445353 ,, 4012000 Bhardwaj Hospital 2450222 ,, 2450333 City Hospital 2522303 ,, 2522784 Diabetic Clinic 2547235 Dermatology Service 2529503 ,, 2529785 Dhama Clinic 2508254 ,, 2506167 District Hospital (Emergency) 2456174 Dr Chauhans Ortho & Nursing Home 2520599 ,, 2544333
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Dr Lal Path Lab 2539510 ,, 2539512 ESI Hospital 2411350 ,, 2411352 ESI Despensary Sec-12 2553720 ESI Despensary Sec-24 2411350 ,, 2411352 Fortis Hospital 2400222 ,, 2400444 Goodwill Hospital 2500611 ,, 2500711 Indo Gulf Diagnostics 2519505 ,, 2519506 Kailash Hospital & Heart Institute 2444444 ,, 2445566 Max Hospital 2549999 Metro Heart Institute 2533491 ,, 2519489 Metro Multyspeciality Hospital 2522056 ,, 2522959 Noida Medicare Centre 2453809 ,, 2453801 ,, 2453808 Noida Psychiatric Clinic 2587215 Prakash Hospital 2504050 ,, 2505555 Prayag Hospital 2575555 ,, 2570209 Samvedana Hospital 2506611 ,, 2506622 Sperm Solutions 5319451 Sumitra Hospital 2507625 ,, 2507725 ,, 2556455 Vinayak Hospital 2444222 ,, 2444333 Medical Stores 24*7 All Days Chemist (Bharadwaj Hospital) 4310338 Ganesh Medicose, Sec-18 2511744 Kaushal Medicose, Sec-34 2590235 Neelkanth Chemist, Sec-27 4357583 NeelKath Drugs Pvt Ltd (Vinayak Hospital)
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Realty Weekly Digital Magazine call @ 95 60 89 57 13 e-mail: rudrakshar@rudrabuildwell.com Suggestions are welcome
Sources : Hindutan Times, Navbhart times, Times of India, Mail Today