Noida Property News

Choice Hotels, Amrapali Group to set up hotel in Noida

Choice Hotels India, an arm of Choice Hotel International, has tied up with Amrapali Real Estate Group for its Clarion brand hotel in Greater Noida. With this project, the Amrapali Group makes a foray in the Hospitality sector. The Clarion Hotel will be located in a township spread over 22 acres that will also have an IT park, service apartments and malls. This will be the only hotel in Delhi and NCR, which would have 60 per cent of its rooms as suites. The Amrapali group plans to invest Rs 120 Crores for the Clarion Hotel, which will be completed in the next 18-20 months.

The hotel will consist of 200 rooms, an oriental restaurant with 80 covers and an Indian restaurant with 50 covers, a bar and coffee shop and discotheque, a spa and swimming pool and a banqueting and convention facility spread over 5000 sq.ft. Read More>>

Sunday, November 02, 2008  India-Realestate

Design Arch to invest in ‘green’ residential project

Real Estate developer Design Arch said that it will develop a residential project with application of green technology in Greater Noida. The company plans to develop 10 such e-house projects in the metros by 2010-11. “We have just announced our first e-home concept called Gardenia E-Homes at Greater Noida. It will be followed by another nine such project in various metros over next three years,” Design Arch Managing Director J K Jain said. He said that the company is investing Rs 150 crore for the Greater Noida project and expects a realisation of Rs 250 crore once the project is completed by mid 2010.

“A green building may cost a little more initially, but saves through lower operative cost over the life of the building. There are many benefits, such as improving occupants’ health, reducing pollution and land fill waste,” he added. He said that the company will develop both commercial as well as residential properties with this new concept. The structures would be electronic savvy, environment friendly, earthquake resistant besides other amenities. “The green buildings in our project area will have four components, including energy saving, water saving, better indoor air quality and hygienic conditions and reduction of construction material waste,” he said. Read More>>

Sunday, November 02, 2008  India-Realestate

Property boom in Greater Noida

With very little land available in Delhi and over-heated land prices in Noida making it unviable to set up large campuses, Greater Noida is now the rising retail destination. Brix Research gives highlights

Greater Noida is one of the most promising property destinations in the National Capital Region (NCR). Since price escalation in Delhi is showing no signs of abating, Greater Noida is witnessing a rush of IT companies looking to set shop.  Read More>>

Sunday, August 31, 2008  India-Realestate

Rising star

In the current real estate scenario, Greater Noida has emerged as the best option for investment, sale and purchase of property, for multiple reasons. Brix Research reports

Greater Noida is in close proximity to the national capital, New Delhi. As such, the area falls within the NCR region and is adjacent to Noida, the first industrial township in Asia. Availability of basic infrastructure is planned to exceed demand at all stages of development here - interspersed with green spaces, a grid-iron pattern of wide roads for an efficient transport system, and a unique integration of industrial, commercial, institutional and residential zones.  Read More>>

Sunday, August 31, 2008  India-Realestate

A vibrant residential sector

Brix Research brings you a glimpse into the residential real estate sector in Greater Noida

Greater Noida is a suburb of Delhi, in Uttar Pradesh. It is situated at approximately 25 kms from Noida and is connected via Noida-Greater Noida expressway. One of the biggest advantages of Greater Noida is that it falls within the National Capital Region.Real estate activities in Greater Noida are taking place at a massive scale. A number of ongoing commercial, residential, industrial and retail projects have taken off recently.  Read More>>

Sunday, August 31, 2008  India-Realestate

Development games

In view of the 2010 Commonwealth Games, Noida-Greater Noida Authority is all set to upgrade infrastructure to international levels in the twin townships. To develop the cities, a project proposal for their border extension has been approved. Lalit Srivastava, chairman of Greater Noida Industrial Development Authority (GNIDA), in a talk with A K Tiwary

What is the future of smart Noida-Greater Noida?  Read More>>

Sunday, August 31, 2008  India-Realestate

BPTP Makes Part Payment of Rs 955 cr for Noida Land

Delhi based realty firm BPTP has made a partial payment of Rs 955 crore towards the first instalment of Rs 1,237 crore for the Noida land deal, the largest in the country. The company said it was in the process of raising more funds to pay the balance Rs 282 crore in a month. The final deadline to deposit the first instalment is July 12. BPTP had bagged the Noida project for Rs 5,006 crore in March, outbidding larger rivals DLF, Omaxe and Ansal.

The Rs 955 crore - sourced through private equity deal and internal accruals - includes Rs 100 crore deposited by the firm as earnest money with the Noida authority. BPTP had recently raised $160 million (about Rs 640 crore) through stake sale in its four SEZs. BPTP managing director Kabul Chawla said a private equity investment in the parent company was in the pipeline to raise funds to pay for the balance of the first instalment. Read More>>

Friday, June 13, 2008  India Realestate

Noida SEZ has no Room for New Units

Noida, which has become the hub of export units, has lately attracted such a large number of units that Noida Special Export Zone (NSEZ) has no more room to accommodate new units aspiring to set up shop in NSEZ.

This has happened for the first time in last 23 years. Set up in 1985, Noida Export Promotion Zone (NEPZ) was converted into a Noida Special Economic Zone by the government two years ago. Read More>>

Sunday, April 20, 2008  India Realestate

Greater Noida Land Price Revision unlikely to affect Demand

The increase in minimum rates for land in Greater Noida is unlikely to affect demand for property in the area, real estate experts claim.

The Greater Noida Industrial Development Authority board increased the minimum rates for all categories of land on Tuesday. Read More>>

Friday, April 11, 2008  India Realestate

Special Developments Zones being developed thru Greater Noida by TIDA

Taj-Express Industrial Development Authority (TIDA) is all set to develop a new township as special development zone (SDZ), along the non-stop 165 km long Taj Expressway. TIDA has invited applications for SDZ under open scheme. Land will be allotted in SDZ for core activities that include IT, industries, biotechnology, service sectors, commercial, residential and sports, according to the allocation policy. Explaining more about the on-going scheme, P K Agarwal, deputy chief executive officer, TIDA, says an application can be taken from the authority office by depositing a bank draft for Rs 1 lakh. And, additionally, the applicant has to pay Rs 1 crore, as security money, when submitting the duly filled in form. An applicant will be called for interview on the basis of merit. In the first phase of this project, from Greater Noida to Jewer, 35,000 hectare of land will be developed as special development zone. According to allocation policy, SDZ is split into morethan-1000 hectare, and the less-than-1000 hectare category.

Lalit Srivastava, chief executive officer, TIDA, says that the SDZ is located between the Yamuna and GT Road. It will have much bigger sectors compared to what places in Noida-Greater Noida can boast of. The Taj Expressway Zone (TEZ) will be developed in three phases. In phase one 35,000 hectare will be developed, which will stretch up to Jewar. Large projects that can not be accommodated in Noida or Greater Noida will come up here. There could, for instance, be an educational project. But, it will have to be large in area, say 1000 acres. This zone will include residential, industrial, institutional and commercial area. Read More>>

Wednesday, April 09, 2008  India Realestate

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