In order to inject buoyancy into the real estate sector, the Noida Authority is focussing primarily on infrastructure development. And in the years to come, this would make Noida world-class and far ahead of its NCR counterparts, says Manoj Rai, Officer-on-Special Duty, Noida Authority, in an interview to Realty & More editor Palash Roy.
Excerpts from the interview:
PR : What are the plans road maps of Noida Authority, specifically for housing?
MR : Since the housing sector is very closely related to infrastructure, our focus is to improve the infrastructure of the city first. Among such measures, the first is the Metro Ra il expansion on four lines – Botanical Garden to Kalindi Kunj, City Centre to Sector 63, Sector 71 to Noida Extension and Noida to Greater Noida. On all these four lines, our work is in progress and are at different stages. We are very hopeful that in the coming six months we will be able to start work in at least two of these lines. This all has already been approved by the DMRC board.
PR : Besides the Metro, what are plans with the monorail?
MR : We have made a few presentations on the monorail. We have not yet taken any call on this. We might initiate proceedings on this in the days to come. The entire idea behind monorail is that it will fill the gap wherever the metro rail has not been able to go. But monorail as of now is at the conceptualisation stage.
PR : As you are talking about infrastructure and transportation, what are your plans to improve the traffic and parking problems of the city?
MR : Major initiatives have been taken in this regard. Ten underpasses and flyovers are being constructed in the areas where there are traffic bottlenecks. Also multi level underground parking places are being constructed at Botanical Garden, Sector 18 and Sector 16A. Apart from these, parking facilities are being constructed on vacant plots in old industrial sectors and also underneath various parks. So these initiatives will make a headway in terms of making Noida a very good liveable city.
PR : Is the Authority planning to increase the land allotment rates?
MR : As of now I cannot comment on that as the committee’s meeting has not been conducted so far. So unless we have a meeting and a thorough discussion on the issue I can not say anything on the issue
MR : It is the standing committee of all government departments here, which after considering all aspects, decides on the land allotment rates. This committee sits once a year and recommends the enhancement of prices. This meeting hasn’t been conducted and may be held sometime in June.
PR : After the Supertech episode, are you taking any precautionary measure to avoid reccurrence of such instances? Also whenever such kind of cases comes up, do the consumers/buyers have the option to come to you instead of going to the courts which involves lots of expenditure and time?
MR : There are two issues involved here – firstly, regarding the construction at the site. What happens is we sanction the map, and the builder is required to execute the plans as per the sanctioned lay-out, sanctioned map. In certain case it has been found that some of the builders have deviated from the actual sanctioned plans. When the builder comes to us for the completion certificate of the project then we measure each and every inch of the project, and if there is any deviation then there are many courses available including heavy penalty if it is in the compoundable limit. If the deviation is too much then it will be demolished. We do not give the completion certificate to any builder unless the building has been constructed as per the prior sanctioned plan. On your second question, legally the Authority comes to picture only when there is a sub-lease, which is a tripartite agreement between the Authority, builder and the buyer. Legally, we come into picture only at that stage, which comes when the completion is granted and the sub-lease permission is given. This is the final stage in a project. Then we are legally bound and we become one of the parties. What happens are most of the builders allotting the flats on their allotment letters, performas, etc, which is contractual agreement between the builders and the buyers. So whenever any of the parties fails to comply with the terms of the contract, they go the court. But if in any case they come to the Authority and we find that we need to intervene, we do. Our doors are not closed for that.
PR : Lastly what is your strategy to put Noida ahead of the other NCR towns?
MR : The Noida Authority is doing everything at its command to bring back the real estate sector on track. Also, with our thrust on improving the infrastructure and by making it world-class Noida is going to be far ahead than its NCR counter parts in the years to come.
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