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Ankur Maheshwari

Ankur Maheshwari
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Top 10 residential properties in millennium city

By
Ankur Maheshwari
-

Gurgaon is known for being one of the largest information technologies, banking, and financial hub in India. Having a home in such a modern and upcoming vicinity blessing. The properties in Gurgaon have been growing significantly in the past 5 years, as the major locations of the city have come to their peak with respect to pricing as well as occupancy. The residential projects in Gurgaon is could be the best choice for investment or living purposes. It is expected that in the upcoming years the city will have outstanding growth and development with better connectivity to Delhi.

Below are the top 10 under-construction residential projects in Gurgaon for a handsome investment.

Godrej Meridien by Godrej Properties limited

RERA registration no: 06 of 2018

This residential property is located in Sector 106, Gurgaon, spread over an area of 14 acres with 7 towers and 700 units on offer. It is situated 3 km from the Delhi border near the upcoming Convention Centre and Dwarka Expressway, also providing better connectivity to the IGT Airport.

The project is offering premium homes with the most unique experience Including indoor pools, large open spaces, a multi-purpose hall, and 48 seater theater including a 3-storeyed clubhouse sprawling over 6132 sq.m. with the best of international brand associations.

Also, the project is offering 3.6 acres of open green spaces with all the civic amenities such as a Mini Cinema Theatre, Health club with Steam / Jacuzzi, Park, Indoor Squash & Badminton Courts, Flower Gardens, Jogging and Strolling Track, Outdoor Tennis Courts, and Power Back Up.

The average price of the housing property ranges between Rs 6214 – 17619/sq.ft.

Configuration

Size

Price

2 BHK Flat

1400 sq.ft.    

Rs 1.30 Cr    onwards

3 BHK Flat   

2050 sq.ft.    

Rs 1.05 Cr    onwards

4 BHK Flat   

3200 sq.ft.    

Rs 2.22 Cr    onwards

 

M3M Skycity by M3M India

RERA registration no: 01 of 2017

It is situated in Sector 65, Gurgaon spread over 14.84 acres and has 4 towers with 47 floors. The vicinity has two educational institutes and around 18 medical care centers and Sector 55 is the nearest metro station to the project.

The project has multiple amenities for residents which includes a gymnasium, reserved parking, children’s play area, kid’s pool, school, and Sports area such as Tennis Court, Cricket Pitch, Squash Court, Aerobics Room, Basketball Court, Badminton Court, Cycling.

The project locality has good connectivity with the other parts of the city by road, and have. Vicinity has popular shopping malls, movie theaters, schools, and hospitals nearby to it.

The average price of the housing property ranges between Rs 12,500 – 21,328/sq.ft.

Configuration

Size

Price

2 BHK

1280 sq.ft.

Rs 1.61 Cr onwards

3 BHK

1828 sq.ft.

Rs 2.73 Cr onwards

 

Tulip Yellow by Tulip Infratech Pvt Ltd

RERA registration no: 17 of 2019

Spread over an area of 7.50 acres, with 630 units on offer, the project is located in Sector 69, Gurgaon. The project has 6 towers having 630 apartments. Also, it is providing all the basic and luxurious amenities like a jogging park, yoga pavilion, cricket pitch, gym, swimming pool, independent clubhouse, in-house shopping, coffee shop, and more.

The project is located quite far away from the rush of the city but it also makes many popular locations accessible like nearby malls, schools, hospitals, and metro stations.

The residential society is built with a frame with a blockwork structure and has flooring with vitrified tiles and laminated wooden flooring in the master bedroom.

The average price of the property is Rs 7500/Sq.ft.

Configuration

Size

Price

3 BHK

1704 Sq.ft.

Rs 1.36 Cr    onwards

 

Signature Global Park 4 by Signature Global

RERA registration no: 47 of 2022

This residential project is located in Sector 36 Sohna, Gurgaon, spread over 25 acres offering premium 2-3 Bhk apartments, which are Vastu compliant. Also, it offers Vastu-compliant prayer rooms, creating a positive ambiance of residence.

The project has better connectivity due to its proximity to Sohna Elevated Expressway, NH8, KMP Expressway, and Southern Peripheral Road. It is situated near the upcoming metro station on Vatika Chowk, Sohna Road.

The vicinity has nearby Schools, Hospitals, Shopping Malls, Retail Markets, and Five Star Hotels. The project is providing amenities such as an outdoor gym, a half-kilometer jogging track, a swimming pool, a badminton and basketball court, and other community facilities.

The average price of the property is Rs 10,041/Sq.ft.

Configuration

Size

Price

2 BHK

1020 sq.ft.

Rs 56.1 L   onwards

3 BHK

1120 sq.ft.

Rs 61.6 L   onwards

 

Mahindra Luminare by Mahindra Lifespace

RERA registration no: 26 of 2022

The project is situated in Sector 59, Gurgaon, spread over an area of

The luxurious apartments in this high-rise building are the major factor behind the project’s popularity.

Every apartment offers a large balcony with a glass railing and includes all the necessary amenities such as a swimming pool, gymnasium, sports club, meditation center, clubhouse, kids play area, power backup, and covered parking.

It is positioned in the accessibility to Golf Course Extension Road and the Rapid Metro. Many renowned educational institutes, business hubs, and shopping malls are in the vicinity of the residential project. 

The average price of the property is Rs 15,806/Sq.ft.

Configuration

Size

Price

3 BHK

3100 Sq.ft.

Rs 4.90 Cr   onwards

 

Ashiana Amarah by Ashiana Housing

RERA registration no: 65 of 2022

This residential project is located in Sector 93, Gurgaon spread over 22 acres offering 6.7 acres of open green spaces with 1200 residential units. It has a 27,000 sq.ft. clubhouse serving one of the major recreational hub for families, and also provides extraordinary amenities like a tennis court, treehouse, hopscotch, and basketball ground.

It is situated under 15 minutes away from NH8. There are iconic malls around the surrounding such as JMS Cross Walk, Spaze Tristar Grand, Sapphire 90, Trehan IRIS Broadway & Sapphire 83 along with renowned schools like Yadhuvanshi Shiksha Niketan, Sidheshwar Public School, MatriKiran School & Bal Bharti School are also in close commute areas.

It is also a quick drive away from the Medical care centers such as Medanta Superspeciality Hospital, Silver Streak Hospital, Medeor Hospital, Aman Hospital & APollo Miracle Hospital.

The average price of the property is Rs 10,041/Sq.ft.

Configuration

Size

Price

3 BHK

1205 sq.ft.

Rs 1.21 Cr   onwards

4 BHK

1408 sq.ft.

Rs 1.49 Cr   onwards

 

Pyramid Fusion Homes by Pyramid Infratech

RERA registration no: 10 of 2019

Spreading over 5 acres, the project is located in Sector 70A, Gurgaon. This residential project includes 674 units on offer. The project is featured a children’s play area, jogging track, indoor games, gymnasium, high-speed lift, 24*7 power backup, and will provide continuous water supply for its residents.

Through has good connectivity to the rest of Gurgaon through NH8 and IGT airport is 32 km away from it.

The average price of the property is Rs 4,000/sq.ft.

Configuration

Size

Price

2 BHK

599 sq.ft.

RS 23.96 L   onwards

 

Emaar Digihomes by Emaar India Limited

RERA registration no: 31 of 2019

This residential project is 3-side open and located in Sector 62, Gurgaon, with a total project area of 14 acres. It is offering 526 units designed to support a certain lifestyle for certain people with rich taste including a 3-level clubhouse with several facilities, Swimming Pool with temperature Control, Coffee Lounge & restaurants, a Jogging & strolling track, Intercom Facility, and Mini Cinema Theatre.

The project is nearby commercial hubs and amenities like Heritage Xperiental Learning School, Gurugram Public School, St. Xavier’s High School, DPS International School, Indira Gandhi Eye Hospital Artemis Hospital, Hong Kong Bazaar, Good Earth City Centre, and Omaxe Gurgaon Mall. Cyber City and Udyog Vihar are the nearby employment hubs.

It is about 2.5 km away from the Sector 55-56 Metro Station and Huda City Center is about 7 Km distant, also it has excellent road connections to the IGI Airport and Gurgaon Railway Station.

The average price of the property ranges between Rs 9080 – 14098/sq.ft.

Configuration

Size

Price

2 BHK

1750 sq.ft.

1.65 Cr   onwards

3 BHK

2589 sq.ft.

2.05 Cr   onwards

 

Vatika Seven Elements by Vatika Group

RERA registration no: 281 of 2017

This project is located in Sector 89A, Gurgaon with a total project area of 14 acres offering 639 units. It has 10 towers with 21 floors and was awarded a gold rating by SEAC for its environment-friendly design. The project has Well – designed apartments with underlining natural light and ventilation.

The project is featured amenities like a theme garden, luxury club, swimming pool, basketball court, modern gymnasium, skating ring, library, and tennis court. Also, the project is 100 m from 80 acres of preserved open green area

The project is situated 1.8 Km away from the proposed stadium along with an upcoming  80 acre park 75 m, PVR 3 Km, MatriKiran School 3 Km and an adjoining retail complex.

The average price of the property is Rs 6,978-7018/sq.ft.

Configuration

Size

Price

2 BHK

1,605 sq.ft.

1.12 Cr   onwards

3 BHK

1,920 sq.ft.

1.34 Cr   onwards

4 BHK

2,465 sq.ft.

1.73 Cr   onwards

 

ROF Amaltas by ROF group

RERA registration no: 32 of 2019

The project is located in Sector 92, New Gurgaon spread over 5 acres with 700 units on offer, introduced enormous advanced technologies and amenities like closed car parking, proper drainage system, internal roads, proper systematic lighting, playground, recreational areas, clubhouses mad many more.

Apartments include a balcony area covered with a steel grill, waterproof doors, vitrified tiles flooring, and eye-catching cornices design.

It is situated near the upcoming metro station along with hospitals, schools proposed ISBT, and Gurgaon Universities are in the range of 3 Km.

Also, it is offering free maintenance for 5 years and is surrounded by luxury group housing in the vicinity with 6,000 families have been living already. 

The average price of the property is 4,000/sq.ft.

Configuration

Size

Price

1 BHK

312 sq.ft.

12.48 L   onwards

3 BHK

645 sq.ft.

25.72 L   onwards

 

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HDFC sold shares through the open market in Ansal

By
Ankur Maheshwari
-

New Delhi: HDFC declared in its regulatory filing that it has sold 14,26,497 shares of Ansal Housing, representing 2.40% of the paid-up share capital.

The HDFC sold 14,26,497 equity shares of Ansal Housing through the open market, accounting for 2.4% of the company’s paid-up share capital, both companies declared in their separate BSE filings.

According to Ansal Housing’s regulatory filing, HDFC sold 14,26,497 equity shares out of the shares it had obtained through the invocation of a pledge on various dates beginning on November 18, 2022.

The deal included the sale of 6,24,000 shares, or 1.05% of Ansal Housing’s paid-up share capital, which was completed on November 30, 2022.

HDFC said in the regulatory filing, “further to our letter informing that corporation had sold 12,63,898 shares representing 2.13% of the paid-up shares capital, we wish to inform you that the corporation has further sold 14,26,487 shares representing 2.40% of the of the paid-up share capital including the sale of 6,24,000 shares representing 1.05% of the paid-up share capital done on November 30, 2022”

According to the regulatory filing, the HDFC has 25,60,756 equity shares representing 4.31% of Ansal Housing.

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Construction of any property is prohibited on Yamuna and Hindon floodplains

By
Ankur Maheshwari
-

Noida Authority demolished 30 farmhouses spread over 1.2 lakh sqm of land in the floodplains in Kondli Bangar village near Sector 51. After a gap of about five months, the authority resumed action against the illegally constructed farmhouse in the Yamuna floodplains on Wednesday.

The operation started at 9 am on Wednesday and was carried out by the Noida Authority, the land records department, and the irrigation department, along the Yamuna floodplains with the help of nine earthmovers, eight dumpers, and about 120 staff.

Lekhpals and the civil department were required by the authority to compile a report on the infringement of property rights in the Hindon and Yamuna floodplains. The drive will continue in the upcoming days, according to officials.

This year, massive anti-encroachment drives have been conducted by the authority in a joint operation with the irrigation department and police against illegally built farmhouses in Sector 135 and adjoining areas and demolished as many as 124 structures in May and June.

Noida Authority got information about illegal construction work had started again on the land vacated by the joint team in the floodplains, in addition to other locations after that the latest operation started.

Hundreds of illegal farmhouses, colonies, and factories have arisen in the notified areas of the Noida Authority of Yamuna and Hindon floodplains.

Several groups of farmhouse owners had approached the Allahabad high court after the demolition, seeking a stay on the exercise. Ritu Maheshwari chief executive officer of the Noida Authority has been given a directive by the High Court to pass an order by considering the objections of the petitioners.

The authority decided to proceed with its operations in the floodplains after concluding that the farmhouse owners’ arguments lacked merit. The CEO has instructed the officials to take action against unauthorized and illegal colonies and farmhouses that are being built in the riverbeds of the Yamuna and Hindon rivers within the designated region of Noida.

The construction is thoroughly restricted in the floodplains and warned people against buying and selling any property. “The authority will drive criminal action against those found involved in unauthorized construction,” said Maheshwari.

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The government decided to not revise the capital value of properties

By
Ankur Maheshwari
-

An enactment has been issued by the Mumbai state government to not review the capital values of properties.

The state cabinet has given its approval for the proposal and required an amendment to the BMC Act to execute it. The government issued an ordinance as the legislature is not in session.

According to the statement in the ordinance, the center and state government declared a lockdown due to the Covid pandemic, which impacted negatively the economy of small-scale industries, educational institutions, factories, daily work, etc. Hence, the government modified the BMC Act to not revise the capital value of properties for 2020-21 and 2021-22.

Also, the government has decided not to revise the value for 2022-2023 as well, 2019-2020 rates will apply further.

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Top under-construction projects in Greater Noida

By
Ankur Maheshwari
-

Real estate is extending in the high-tech city due to its proximity to Delhi and faster development of multinational companies, Residential Projects in Greater Noida gaining popularity and becoming the first preference for investment and living purposes. The locality offers luxurious residential apartments at affordable prices and is featured with well-planned infrastructure, great malls, hotels, schools, hospitals, stadiums, multinational companies, picnic spots, and more.

Here are the top 5 under-construction projects in Greater Noida that are good for living as well as investment.

Gaur City 7th Avenue by Gaurs Group

RERA registration no. UPRERAPRJ6695

It is the first allotted township of Greater Noida situated in Sector 4. The society is spread over an area of 13.31 acres including 12 towers with 32 floors on each. The possession of the property is scheduled for March 2023.

The property is near the employment hub and has ample housing units with unplanned infra upgrades. Also, the location offers around 14 medical care centers, and two educational institutes and the 51 metro station is the nearest to it.

Price of the apartments

Configuration            Area                            Price

2BHK Apartment         1,165 sq. ft.                 Rs. 58.68 L

3BHK Apartment         1,350sq. ft.                  Rs. 67 L

4BHK Apartment         2,220 sq. ft.                 Rs. 1.4 Cr

Express Astra by Express Builders                                  

RERA registration no. UPRERAPRJ479698

The project is under construction at Sector 1 Greater Noida West, and will be featured will all the basic amenities such as Swimming Pool, Lounge, and Flower Garden to fulfill the buyer’s requirements.

Possession is scheduled for March 2026. The project has 2 phases and is spread over an area of 2.94 acres. Apartments have excellent light and air ventilation and allow a substantial internal usage area.

The location offers a decent infrastructure with all the civic amenities including educational institutes and medical care centers nearby.

The residential society is situated on a 150-meter-wide road connecting the Delhi Meerut Expressway to Greater Noida. It is close to Pari chowk metro station and Delta 1 metro station, while Alpha 1 metro station is the nearest one allowing better connectivity to the project.

The project is RERA registered and other related significant information is available on the state RERA portal.

Price of the apartments

Configuration            Area                            Price

2BHK Apartment         691 sq. ft.                    Rs. 62.9 L

3BHK Apartment         947 sq. ft.                    Rs. 86.18 L

4BHK Apartment         2,325 sq. ft.                 Rs. 2.12 Cr

PrideVille by Imperia Structures Limited

RERA registration no. UPRERAPRJ545875

This is the most well-planned part of Delhi NCR having a world-class modern structure and is spread over an area of 3.94 acres having 6 towers with 14 floors on each.

The project is located in Sector 25, Greater Noida, right next to India’s first Exposition Mart for the Cottage and Handicraft Industry additionally, it’s nearby to the operational Helipad and facing the Buddh F1 circuit.

 The project has 3 sided open flats and encompasses amenities such as Restaurant, Children’s Play Area, Spa/Sauna/Steam, Gymnasium, and Golf Course. ATMs, medical facilities, education institutions, and parks are within easy reach. The area is also well-connected by bus and road network.

The nearby micro-market has a few businesses and IT parks such as Stellar Business Park, NIIT Technologies Campus, World Trade Centre, and the upcoming Cosmic Corporate Park.

Price of the apartments

Configuration            Area                            Price

1BHK Apartment         710 sq. ft.                    Rs. 42.76 L

2BHK Apartment         1,050 sq. ft.                 Rs. 63.30 L

4BHK Apartment         2,220 sq. ft.                 Rs. 1.3 Cr

ACE Divino by Ace Infracity Developers                          

RERA registration no. UPRERAPRJ6734

The project is constructed over an area of 10.41 acres with 11 towers including 23 floors on each and there are 1572 units on offer, situated in Sector 1 Greater Noida West.

The project is financed by TATA Capital Housing Finance Limited. It offers a 75% open green area and a Zen garden in the middle of the tower and includes a huge commercial complex with the best brands and assured well-ventilated towers and provides some great amenities such as Food Court, a Natural pond, and Swimming Pool.

The locality is ranked 3 out of the top 20 in Noida Extension and has a business park, an upcoming metro corridor, FNG Expressway, and planned civic upgrades.

Price of the apartments

Configuration            Area                            Price

2BHK Apartment         995 sq. ft.                    Rs. 64.68 L

3BHK Apartment         1,425 sq. ft.                 Rs. 98 L

4BHK Apartment         1,875 sq. ft.                 Rs. 1.59 Cr

Aquacasa by Ace Infracity Developers

RERA registration no. UPRERAPRJ6649

The project is situated in Sector 16, Greater Noida offering a luxurious residential area spread over 10.76 acres of land with club and sports areas, which are surrounded by lakes.

It provides better connectivity to the DND flyway and includes a commercial complex, jogging track, sports facilities with a swimming pool with a baby splash, shower, party area, and changing areas.

Project has podium-based architecture, constructed Vastu-compliant and eco-friendly.

Price of the apartments

Configuration            Area                            Price

2 BHK Apartment        1055 sq. ft.                  Rs. 67.68 L

2.5 BHK Apartment    1,450 sq. ft                  Rs. 4.54 L

3 BHK Apartment        1,832 sq. ft.                 Rs. 91.2 Cr

The locality offers buyers modern infrastructure with all the civic amenities the beauty of the high-tech city is eye catchy, and provides better connectivity through metro stations. Greater Noida is home to outstanding amenities apart from connectivity. Greater Noida is a well-planned city and has become a hub of socio-economic activity.

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The power supply of Raheja Mall was again disconnected after a week of restoring it

By
Ankur Maheshwari
-

Builder fails to pay electricity dues, due to that DHBVN disconnected the power supply of Raheja Mall. The shop owners of the mall protested in front of the Sohna Road mall on Monday.

Protesters formed their associations for better management of the mall and alleged that they have paid maintenance and electricity charges to the developer but he didn’t deposit the money to the distribution company. The developer charges high maintenance costs and was not providing any facilities to them.

Meanwhile, the developer purported that many of the shops were closed and hadn’t paid while they collected maintenance and electricity charges, and they have run out of funds to pay electricity bills.

The power supply was disconnected on October 31 due to outstanding dues of electricity bills. On a partial payment of Rs 10 lakh, the supply was given back for a week on the condition that the remaining amount will be paid in a few days, the mall failed to pay the dues leading to again disconnection of the power supply on November 12.

Shop owners said that 80% of the mall’s air-conditioners are not functioning despite of this Raheja is charging high maintenance costs of Rs 33 per sq. ft.

A shop owner of the mall, Mandeep Singh said, “The developer has collected Rs 12 lakh from us for maintenance. But due to the poor maintenance, no one is ready to take shops on lease in the mall.”

“The developer has to pay us several crores which were not paid yet for the past three years,” said Jagmal Thakran owner of 31% of the mall. Thakran said that they had collaborated with the developer in exchange for providing land for the mall.

Realcare, the facility management company of Raheja Mall, stated that the maintenance of the mall is currently supervised by the administrator appointed by the Gurgaon district registrar, who issued notice to all shop owners for clearing their outstanding dues.

It said that some individuals are not paying electricity and maintenance charges and staged a protest to force others to the cessation of their operations as a strategy to avoid clearing the dues.

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On Sunday, hundreds of homeowners in Central Park alleged that they have been refuted access to the facilities including clubs and central greens

By
Ankur Maheshwari
-

Residents of Central Park 2, located on Sohna Road, Gurugram, protested against the developer for modifying the layout plan and restricting their access to the common facilities without their consent.

Even though the possession is held for more than a decade, the residents are restricted to use the facilities including the central greens and clubs by the developers.

They alleged that the project plan has been revised in 2019, and was approved by the department of town and country planning in 2021 without any consent from flat owners of towers 1 to 9.

The project obtained the license for 27 towers in 2006 and possession of towers 1-9 started in 2008-2009, meanwhile, the construction of the remaining towers has started.

A wall had been built by the builders for separating the rest of the project from the nine towers in the guise of the safety of residents during the construction.

Residents alleged, the developers declined on taking the wall down even after obtaining the occupancy certificate in 2014 for towers 10 to 25.

President of Bellevue Central Park 2 Condominium Association, Prabhatb Bharadwaj said that the entry is blocked as the residents of towers 1-9 is prohibited to enter inside the main premises. Additionally, they built a gate on a government revenue road and locked it. The revised project has been approved by the DTCP, without any consent from the residents, and likely there have been complexions, which need to be properly investigated all through.

At the time the spokesperson for Central Park refused the allegations and said, “the flats along with all the facilities were handed over more than a decade ago. But the RWA was unable to maintain these facilities and could not continue even the AMC of lifts despite reducing the IBMSD fund, which was more than Rs 11 crore during the time of handover. The misappropriation of funds needs to be investigated. As for the wall, it was done to ensure the safety of the residents and labor owing to deep excavations and ongoing construction at the site.”

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The new housing scheme Awaas plus is set to launch by next year

By
Ankur Maheshwari
-

New Awaas Plus housing scheme is introduced with a target of 3.5 lakh homes, which will cover the people left out of the PMAY scheme.

CM Devendra Fadnavis announced that the state government of Maharashtra is to launch its housing scheme. The scheme will be launched for those, who have not availed the services of Pradhan Mantri Awaas Yojana (PMAY) and Awaas plus yojna.

A function was organized by the rural development department to congratulate officials at Y B Chavan Centre on Thursday  for implementing the PMAY scheme. Rural Development Minister Girish Mahajan along with Chief Minister Eknath Shinde were also present at the function.

CM said that five lakh homes will be inaugurated by the Prime Minister Narendra Modi by March 2023.

Maharashtra was far ahead in completing the projects in earlier years and had achieved the task of 10.5 lakh homes, later it the state fell notches in raking. Where the encroachments and shortage of lands were the reason for the delay, according to the government’s review.

CM abjure district administrations to ensure the availability of the sand to construct the homes, as mandated in the policy.

Fadnavis said that a target of 3.5 lakh homes has been set under the Awaas plus, will cover those who are left out of PMAY and there are still those who do not come under the scheme. The state will come up with a new policy to ensure Maharashtra as the first state, which is free from homeless people.

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Two more metro stations are supposed to be built by BMRCL on the airport route

By
Ankur Maheshwari
-

Construction of Namma Metro’s airport corridor (KR Puram-Hebbal-Kempegowda International Airport) is going forward while the work has been stopped except at Jakkur plantation, Chikkajala, and near Yelahanka Air Force base.

(BMRCL) officials said that there is another planning of new metro stations that is to be built near Jakkur plantation and Chikkajala. The agency has been trying to resolve challenges in land purchase for more than one and half years.

Representation for the new metro station at Chikkajala, has been given to the BMRCL officials which will lie between Bettahalasuru and Doddajala stations.

Further the officials said that the state high-power committee has given its permission for the proposal but it needs approval by the government.

Senior official of (BMRCL) said on interruption of the work that two real estate companies, Century Group and Bagmane Group have come to the fore to construct the station between Jakkur Cross and Yelehanka, about 500m away from the Jakkur Plantation, but the Century Group has proposed to built the station at Jakkur Plantation. The matter will be taken to the committee and a decision will be finalized within 15-20 days.

On the work delay at Yelahanka Air Force base, an official said that NHAI has to sign a MoU for the land with the defense ministry, which is supposed to be completed in a few weeks. Further the NHAI will sign an agreement with BMRCL to  ease the work.

An enormous development is ongoing among Hebbal and the airport. New tech parks will be built on Ballari Road. An exclusive airport express line was proposed for passengers in Delhi, but ridership wasn’t impressive. A significant amount of funds will be provided to the BMRCL to construct the station near Jakkur plantation.

Commuter rail activist Sanjeev Dyamannavar said that excess stations may exceed that dwell time and the trains will lower the speed for a smooth stop. Bengaluru Metro has a long route to the airport, while most of the cities have short metro routes to the airports.

BMRCL could speed up trains and skip some of the stations, mainly in the morning and late night for passengers’ ease.

Sanjeev Dyamannavar said that the work progress of the airport corridor should not get affected by the new proposed metro stations. He perceived  that BMRCL could allow provision for the proposed stations and ongoing construction of piers and viaducts so the platforms and roofing work at stations could be constructed later.

The average speed of 36kmph is planned between KR Puram and Yelahanka and  60kmph between the Yelahanka and airport terminal.

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Development Authority of Ghaziabad has allowed for the transit-oriented development along RRTS corridor

By
Ankur Maheshwari
-

GDA decided to declare transit-oriented development zones that would aid in Master plan-2031 and boost the real estate sector.

Ghaziabad Development Authority has given its permission for developing a transit-oriented development (TOD) zone along the Regional Rapid Transport System (RRTS) corridor.

However it has removed the Vaishali to Mohan Nagar ropeway project from the service.

The board decided to declare TOD zones up to 1.5km on both sides of the rapid rail alignment, the decision will uplift the real estate sector and strengthen the city’s Master Plan of 2031.

GDA secretary Brijesh Kumar said, “The GDA board has passed the proposal on TOD around the seven RRTS stations. The board has instructed the GDA to invite objections or suggestions from the public before including the same in the Master Plan-2031.”

The UP government introduced the TOD policy in September 2022. The incorporation of the TOD zone will result in higher floor area ratio (FAR) which will be increased between 33% and 50% of the base FAR of 1.5.

An official from the GDA said, “In Ghaziabad, areas like Guldhar, Duhai, Muradnagar and Modinagar, where the land use is mostly agricultural, stand to gain. It will be changed to mixed, residential and commercial, which will give a boost to the real estate sector in the areas.”

He also said, “The increased FAR along the TOD zone will ensure vertical growth in the influence zone and multi-storey buildings will allow more floors.” About Rs 1,500 crore of revenue is expected annually from the TOD zone, and will be equally divided among the GDA and the NCRTC.

In the meantime, the ropeway project between Vaishali and Mohan Nagar was scrapped by the board. Kumar said, “The board was of the view that the original mode of commuting, which is metro rail, should not be tampered with, this also means that the Neo metro proposal has also been kept on hold.”

During the GDA board meeting other proposals were taken up including the investment of Rs 23 crore on 480 housing units under the Pradhan mantri Awas Yojana in Noornagar.

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