Will Jewar airport transform Noida's real estate market?

Its proximity to popular tourist destinations like Agra, which attracts 45 per cent of the international passenger traffic at IGI, could be diverted to Jewar.

About a kilometre from the Yamuna Expressway, on the two-lane connector near Jewar, a bunch of young men in high-visibility orange vests were busy collecting data from all vehicles coming and going.

When our car stopped near a small, make-shift structure that housed their supervisor, we were welcomed with a broad smile.

Prakash Kumar, the surveyor in charge of the programme, mistook us for state government representatives, arriving for their protection.

Kumar, in his early 30s, is a junior surveyor at a private agency the Uttar Pradesh government has hired to map the traffic flow on the road that connects the expressway and the Jewar airport site.

While the survey was on course, Kumar was weary of the rising compensation-related agitation in nearby villages against the authorities.

Nandu Gautam, a contractual worker hired for the survey and resident of Sabota village, was taking down all required details - the frequency of vehicles, their type and load - diligently.

Projects such as Jaypee Sports City and ATS Projects in Noida will also get the benefits of connectivity.

The scenario is not much different in Rohi village - a major settlement in the region about 5 kilometres from the survey site, going interior.

Unlike Kumar, local residents like Puran Prakash Sharma and Nepal Singh were not happy to see us initially, when they had presumed us to be Airports Authority of India functionaries.

But, with their initial resistance melting, they opened up.

Localities were mostly satisfied with the amount offered to them against the acquired land, they said.

But it is the non-committal attitude of the district administration when it comes to compensating the villagers against their loss of land to feed livestock, electricity connections, and farm-gardens that has kept issues boiling.

According to Singh, despite several representations to the district magistrate, they could secure only verbal assurance on a resettlement scheme and jobs.

The local pradhan estimates about 18 per cent of the land-owners are yet to accept the proposed compensation of Rs 20 lakh per bigha (about 4,900 square yards).

Two pieces of litigation have been filed at the Allahabad high court and the Supreme Court because no written agreement has been offered to the villagers on resettlement and other issues.

“We have been told that every family will be given 50 square yards to set up houses near Jewar.

"But that is too small a parcel per family, compared to what we are giving up,” said Sharma, citing the Land Acquisition Act, 2013, which mandates a compensation of four times the price of land that will be acquired in rural areas.

No construction has begun in the region.

The only physical evidence of the airport project is a range of green metal boards standing on the barren fields, placed by the Yamuna Expressway Industrial Development Authority (Yeida).

Meanwhile, real-estate developers operating in the Noida extension region and beside the Yamuna expressway are hoping for a massive transformation of the region.

To be built in four phases, the Jewar airport is estimated to be the largest in the country.

According to the techno-economic feasibility study by PwC, it would require Rs 15,754 crore to build the facility on 1,337 hectares (147 million square feet).

The first phase, scheduled to be completed by March 2023, will alone require Rs 3,745 crore of capex.

Indira Gandhi International (IGI) Airport, which currently handles 30 per cent of the cargo in the country, gets half of it from regions like Gautam Budh Nagar and Ghaziabad.

Once operational, this entire load is expected to be diverted to Jewar, which is much closer and is better-connected by road.

According to its estimates, by 2027-28 the airport will be handling more than 1.1 million tonnes of cargo per year - more than the 1 million tonnes of cargo that IGI now handles.

Interestingly, unlike IGI, nearly 90 per cent of Jewar’s cargo will be for international destinations.

Moreover, its proximity to popular tourist destinations like Agra, which attracts 45 per cent of the international passenger traffic at IGI, could be diverted to Jewar.

Consequently, by the end of the decade (2029-30) it is expected to attract some 17 million passengers annually.

Manoj Gaur, managing director of Gaur Group, a major realty player in the Noida extension region, is counting on the opportunities.

The group has finished a township on the expressway, some 25 km from the site.

And it is now waiting for new land parcels to come into the market.

According to Gaur, the more than 5,000 acres (217 million square feet) held by the Jaypee Group and under liquidation will be placed for bidding.

“The airport has the potential to extend the National Capital Region towards Jewar,” 

Source : rediff.com/business/

Jewar airport to put Noida’s commercial real estate market at par with Gurgaon

Jewar airport to put Noida’s commercial real estate market at par with Gurgaon:

NEW DELHI: The construction of an international airport at Jewar in Greater Noida will boost commercial development in the region and help make it an attractive alternative to Gurgaon, real estate developers said.


Demand for commercial space will go up and multinational companies can now think of investing here, said Geetamber Anand, chairman of ATS Group Noida.

“With the announcement of an international airport, Noida will be at par with Gurgaon. We are in touch with Nasscom to showcase Noida better and change the perception of law and order among IT and software companies,” said Anand.

Zurich Airport International won the contract to build and operate Jewar airport, which will be spread over 5,000 hectares, with the first phase scheduled to be ready by 2023.

According to Anarock property consultants, the greenfield airport, located about 100 km from Indira Gandhi International Airport in New Delhi, will spur economic activity around Noida and Greater Noida.

“The new airport will not only increase housing demand but also lead to an uptick in commercial developments like office spaces and retail. In fact, office spaces will eventually and inevitably proliferate along the region as rentals will be relatively cheaper than in Gurgaon and Delhi,  ..

without compromising on the purchasing power of the consumers they cater to,” said Santhosh Kumar, vice chairman of Anarock.

There is ample unsold or unfinished stock in these markets. Developers will not risk launching new residential projects until the previous stock is cleared or completed.

“The announcement is expected to have a significant impact on the growth prospects of the Yamuna Expressway and Noida-Greater Noida region may emerge at par with Gurgaon,” said Mani Rangarajan, Group COO of Elara Technologies, a real estate advisory services company. “Already, many companies have announced investment plans in the region and without a doubt it will benefit both residential and commercial real estate segments.”

Anarock said that while a second international airport in the National Capital Region will certainly have a major impact on the real estate market in and around the region and the state of Uttar Pradesh, the ‘real’ impact will become visible only in 8-10 years.

Explained: Will govt’s Rs 25,000 crore boost help revive ailing real estate sector?

Explained: Will govt’s Rs 25,000 crore boost help revive ailing real estate sector?


The government, SBI and LIC will pump in Rs 25,000 crore into a priority debt fund for completion of at least 1,600 stalled real estate projects in the country.

HIGHLIGHTS

• Govt has approved a Rs 25,000 crore bailout fund for at least 1,600 stalled projects
• While govt will pump in Rs 10,000 crore, the remaining amount will be provided by SBI and LIC
• Experts welcomed the move but highlight several other issues in the sector that need to be resolved
• The government on Wednesday announced a much-needed bailout fund for stalled real estate or housing projects across the country. The move has been cheered by the ailing real estate sector, which has been struggling with projects due to an acute crunch in liquidity.
• Finance Minister Nirmala Sitharaman announced the same after Cabinet gave its nod to provide priority debt financing for completion of stalled projects in the affordable and middle-income housing segment.
• As part of the approved measure, the government will pump in Rs 10,000 crore into an Alternative Investment Fund (AIF). Meanwhile, the State Bank of India (SBI) and Life Insurance Corporation (LIC) will contribute Rs 15,000 crore to the fund.
• CRITICALLY IMPORTANT MOVE
• Experts say that approval of the fresh emergency fund for the real estate sector is "critically important" as it will not only help real estate developers but scores of homebuyers who are awaiting completion of their homes.
• Anuj Puri, Chairman - ANAROCK Property Consultants, said, "This is a critically important move which eliminates the ambiguity which surrounded the timelines for setting up the fund, and its actual implementation. Finally, countless aggrieved homebuyers will see the light at the end of the tunnel."
• He added that the move "could not have come at a better time" as a delay in setting up of the stress fund for the sector was causing serious apprehensions.
• "The delay in the on-ground deployment of the stress fund gave rise to severe apprehensions about the main issues - of stuck and delayed projects - that had remained unaddressed so far. The timeline for setting up this fund and its actual implementation is quite critical," Puri said.
• Puri further said several projects, stalled due to bankruptcy proceedings against the builder, will also be eligible to receive funds, provided they are not referred for liquidation already.
• INDIA'S AILING REAL ESTATE SECTOR
• According to data provided by ANAROCK, a total of 5.76 lakh units -- launched in 2013 or before -- across budget project segments are stuck in various stages of non-completion in the top seven cities in the country.
• At present, total stalled budget projects in the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) are the highest with at least 4,00,000 units (2,10,000 in MMR and 2,00,000 in NCR) pending completion. In monetary terms, the approximate value of projects running behind schedule in MMR and NCR adds up to Rs 3,60,000 crore.
• While a Rs 25,000 crore fund is a small fraction of Rs 4,64,300 crore worth unfinished realty projects in seven top cities, other sovereign and pension funds have also agreed to invest in the emergency fund in due course to pull the real estate sector out of a crisis.
• India's real estate sector, which started showing signs of weakness from early 2017 after demonetisation, was affected severely again in 2018 after infrastructure major IL&FS defaulted on loan payments, crippling non-banking financial companies or the NBFC sector including housing finance companies (HFC).
• It is worth mentioning that NBFC's are a key source of funding for realty projects in the country. The liquidity crunch due to the collapse of IL&FS had a devastating effect on the real estate sector as builders lacked the capital to complete stalled projects.
• Matters became worse in 2009 for players in the real estate sector as a contraction in demand left many lenders struggling to repay existing loans to NBFCs and HFCs.
• BUILDERS IN PERIL
• A Fitch Rating's Indian Division report revealed that the real estate sector would be required to repay loans worth $10 billion or over Rs 71,000 crore in the first half of 2020. It said default in repayment could affect mainstream banks as well.
• Bankruptcy among real estate developers have doubled over the past year, adding to the woes of NBFCs - another interesting fact that doubles up as evidence pointing at a real estate crisis.
• Experts said the real estate crisis, if not addressed in time, could have a contagion effect on NBFCs and banks.
• Data from the Insolvency and Bankruptcy Board of India shows that a large number of realtors are under the insolvency resolution process, indicating that most of these builders may miss the deadline for crucial repayment of dues.
• Meanwhile, another report by real estate research and analytics firm PropTiger said homes sales declined by almost 11 per cent in the first half of 2019-20, indicating that there has been no improvement in the real estate business.
• This is largely due to a 47 per cent year-on-year (Y-o-Y) slump in new projects launched, triggered by a severe lack of liquidity among builders.
• ROAD AHEAD
• The government has hit the bullseye by setting up the stress fund but it needs to introduce more reforms in taxation for the revival of the ailing sector.
• Speaking to business news channel CNBC, SBI Chairman Rajnish Kumar said recently that the sector needs urgent help. He said there is a need to increase affordability to boost demand in the real estate market.
• Kumar explained that the taxation structure for the real estate industry is not ideal and it could perform better if taxation is streamlined. Real estate developers have to pay various forms of taxes including stamp duty and GST.
• Homebuyers should note that stamp duty is the one-time charge paid under Section 3 of the Indian Stamp Duty Act. Stamp duty charges on property registration in the country are significantly higher in comparison to other economies in the world.
• Rajnish Kumar said some relief in taxation for the sector will lead to increased affordability - something that is necessary as India continues to resolve an internal demand slowdown.
• Since the poor outlook of India's real estate is a result of many overlapping factors, experts said the government now has to focus on factors like high taxation, which has crippled builders all over the nation.
• Source : India today dated 8/11/2019

Ready to Move in Homes in Noida

Ready to Move in Homes in Noida

Ready to move in apartments are more demanding in the Real Estate market and there are various builders in Noida where ATS Group Noida  is the most prominent in this list of builders.

The builders are never in a rush to complete the project as it's usually true with constructions. Your new house builder can have a design consultant on staff that will allow you to pick your colors. Many new home builders are now able to offer solar choices to aid you in getting as far off the grid as feasible save the most money. But not applicable with the ATS Noida.

Owning a house is the dream a massive number of folks share. Building a house is frequently a lifelong dream, and not something which ought to be taken lightly. As an example, let's say that you currently have a house and you would like to borrow money to create another home for yourself. Also, know the the inner workings of what is happening with your home. Really consider the sorts of things that you want to go into your house before you pay for pretty things you don't actually need. Building your new house can be an exciting moment. As a customer who has decided to construct their very own modern and fashionable house, you have to be certain to choose the most suitable luxury home builder.

What Everybody likes About Ats Noida and Why

What Everybody likes About Ats Noida and Why?

The projects of ATS Noida created in a superior fashion and impresses the property seekers finely. The project was created with the security characteristics that attract the individuals very much. Completed projects of ATS Noida spread over in NCR’s cities like Noida and Greater Noida. ATS has started with a couple of the true estate development of residential units and commercial projects.

Noida a wide possibility to live in nature friendly environment in projects such as ATS Noida. You can find a number of flourishing industries and MNCs in the vicinity of Noida and Greater Noida. All your needs to find working place and job ends here. The business uses methodical project development and management procedures also. Several blue-chip businesses and MNCs have come up in the city in the past couple of decades. So making your dream home in ATS Noida projects would be always a great decision.

Be Part of ATS Noida Projects Family

Be Part of ATS Noida Projects Family:

Here in ATS Noida you will get premium residences of luxurious apartments. This group has developed projects in unique way. Premium projects with all modern amenities and quality of construction is the best in comparison of all real estate projects.

Premium homes in Noida and Greater Noida having some reputed builders and ATS Noida is one of them. Though there are various builder working in Noida who are developing their group housing societies but some of them having delay in providing the possession so ATS Group maintain its credit in timely possession.

All apartments here in the ATS Projects are open for good air ventilation and green area. The structure of the projects is best in quality-wise. The life experience at ATS projects is excellent as per feedback given by the end users of ATS. 

 

Ready to move in Apartments and Villa in ATS Noida

Ready to move in Apartments and Villa in ATS Noida:

Though ATS group is developing both types of projects (residential and commercial) in Noida and all over NCR, it have ready to move in projects also here at the location of Noida Expressway and in Greater Noida. In current time many builder's projects are stuck in middle of construction so people are seeking for ready to move in projects. 

ATS builder in Noida having its prestige about timely delivery and quality of construction. So people are hassel free life about to getting their home on time.  Noida Greater Noida Expressway is known as a most desirable place among the home buyers in NCR because of its connectivity and infrastructure development along with Noida Expressway, at present is has functional connectivity with metro as metro line is running parallel of it. MNCs  companies are operational in this location. commercial building schools, institutes, shopping complexes, hospitals, and amusement parks are functional in this location only. Home buyer can avail such facilities by purchasing flat at Noida Expressway. ATS Noida is a word which is filling the requirement of all home seekers with spacious and modern residences.