Developers setback in two ambitious projects

Q: Hi guys what is the news about developers are not taking few projects in UP. Kindly share with me the details of the project.

Sanchita, Gurdaspur

17th November 2013

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Replies (6)

I think the main reason is it is a huge project and no company has come forward to invest currently due to recession.

Meenakshi, Gurgaon

17th November 2013

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I feel that the even law & order has become a major issue in Uttar Pradesh for investors. The rules must be changed for further development. So many scams, how anyone can risk there money!

Arvind, Gurgaon

17th November 2013

But looking at the response from developers in the Rs 9,000 crore project has thrown a spanner in the works for the state government which plans to convert areas alongside the route into business hubs.

Johnathan, Gurgaon

17th November 2013

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hmm the past news says that, the chief minister had given in-principle approval for the Night Safari on 102 hectares of land near Gautam Buddh Nagar University in Greater Noida. In August, the UP cabinet sanctioned the project. Originally proposed by Mulayam Singh during his chief ministerial tenure in 2005, the project was put on hold following a regime change in 2007 even though it allegedly had all clearances from Supreme Court and Central Zoo Authority.

Seekha, Gurgaon

17th November 2013

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Guys the recent news is that the authority has planed to extend the date of participating in the bid for consultant to November 22. So we can expect some more update on the same!

Krishna, Gurgaon

17th November 2013

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I guess the process was long and even there were some court order regarding the same! Kindly brief if anyone know the facts!

Jashan, Gurgaon

17th November 2013

Most of the companies are blaming law & order and massive corruption for not showing an interest in the projects.

Ankita, Ghaziabad

17th November 2013

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But i heard that the work on the Night Safari project would start within three months after finalizing the consultant, but the proposal has now hit a major roadblock.!

Mohit, Ghaziabad

17th November 2013

Yes Sanchita true, two ambitious projects of Uttar Pradesh chief minister Akhilesh Yadav, not a single company has participated in the financial bid process. The two projects include Greenfield Expressway, a six-lane route proposed to be developed between Agra and Lucknow and the Night Safari project.

Indranil, Gurgaon

17th November 2013

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