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Showing posts from October, 2009

Maya's New Township Policy Hits Rroadblock

Despite attractive incentives such as exemption from stamp duty on the cost of land and a single-window clearance, the Uttar Pradesh government’s ambitious new township policy has hit a roadblock. With only five private developers showing interest in developing new townships in four cities in the state, the state government has decided to extend the last date for submitting proposals by a month, reports Financial Express. The last date for submitting proposals under the new township city scheme was earlier fixed at September 23. The proposals that have come so far are for the four cities of Lucknow, Agra, Saharanpur and Moradabad, the report added. According to the report, the open-ended new township policy had invited builders to develop new townships with modern amenities on an 1,000-acre area outside the purview of the local development authority with a minimum investment of Rs 1,000 crore. What was interesting about the scheme was that the state government had offered to acquire th

Ghaziabad Roads Set For Overhaul

In the wake of reports of heavy traffic jams during the morning and evening peak hours, the Ghaziabad administration is all set to strengthen the existing infrastructure to facilitate smooth flow of traffic in the city. “We are trying to strengthen the existing infrastructure, especially at Mohan Nagar. We will relocate the Sulabh conveniences, which have created a bottleneck, from their existing positions to ease the traffic for daily commuters. A separate Link Road between NH-58 and NH-24 is already being constructed and it will further decongest Mohan Nagar,” said District Magistrate R Ramesh Kumar. Most of the commuters have echoed similar concerns and asked for a complete overhaul to tackle the traffic problem. People going to Ghaziabad or tourists bound for hill stations like Mussoorie or Nainital in their private vehicles are a harassed lot as a lot of their time is wasted in traffic snarls at the Mohan Nagar T-point. “Traffic jams, congestion and snarls have become a regular fe

Ghaziabad Property Set ToGet Costlier

Property prices in Ghaziabad are set to rise before Diwali. The district administration has revised the circle rates of the district with some of the colonies witnessing a sharp hike. Rates of pockets situated close to the national highways cutting across the city have been hiked sharply. The colonies situated close to Modi Nagar, Hapur and Loni are said to be the new golden areas under the new circle rate slab. The new circle rate of colonies close to Mehrauli on National Highway- 24 would be Rs 1.25 crore per acre while those situated away from the highway would be Rs 1 crore per acre. The circle rates in Noornagar area that houses over a dozen builder apartments has been revised upwards. In the interiors it has been increased to Rs 1.60 crore per acre from Rs 1.30 crore whereas on the main roads it has been increased to Rs 1.80 crore per acre from Rs 1.50 crore. Similarly, the new circle rate of land close to Shadipur would be Rs 50 lakh per acre while those situated away from it ha