Mixed Land Policy used in Noida.

Q: The acceptance for the mixed land use approach, Noida Authority had encircled in year 2013, got through a periodical warning issued by the state government as of late.

Tamal, Noida

2nd April 2015

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Replies (7)

Hiii tamal,
I have a question Why in noida mostly properties are leasehold?

saurabh sharma,

10th February 2016

Comment

Hey Guys,
According to the latest news, RWA federation is demanding to honorable Chief Minister Akhilesh Yadav, conversion of lease land to free hold in Gautam Budh Nagar.

Mukhesh, Noida

26th August 2015

Comment

Hi Mukhesh,
I came to know from the news that, N P Singh, the president of District Development Residents Welfare Association (DDRWA), stated that, properties in Gautam budh nagar are not freehold. This is the only such location, where properties are leased out for 99years. However, this is not happening in Delhi. All most all lease lands are converted to free hold land in Delhi.

Geeta, Noida

26th August 2015

Yeah, why Gautam Budh Nagar is the only district having this problem? Due to this people are feeling insecure here. For this reason, it is very much urgent to convert those leased land to freehold land as soon as possible. Developers such as DLF Group & Ansal Group have freehold lands allotted by development authority, for constructing township in Greater Noida.

Mukhesh, Noida

26th August 2015

As per A N Dhawan, current president of FONRWA, said that honorable chief minister has already promised people to take care of this land litigation, during poll campaign. But nothing has been done.Not a single step has been taken for this. So FONRWA demands that Noida residents must have freehold property.

Kasturi, Noida

26th August 2015

Definitely UP Govt. & developing authority has to take serious step regarding the conversion of lease land to free hold land in Noida. Delhi has set example by converting leased land to freehold land. Noida people are suffering from this & feeling insecure here. It felt like promised are made to fool people during poll campaign. After election, all promises are in wind. It is the time for responsible authorities to take action for it.

Geeta, Noida

26th August 2015

Hi,

As per my knowledge, Uttar Pradesh government has approved the increase FAR from 1.5 to 2 for the proposed Sports city in Sector 150. FAR has been raised from 2 to 2.50 for government , semi-government as well as corporate office . But this is applicable to plots that are 24 meter wide or more.

Similarly like the FAR has raised from 2.75 to 3.5 , for group housing plots & this is applicable to developing and under developing sectors.

shaina,

15th May 2015

Comment

Hey Guys,

I got to know that this policy will permit retail shops, commercial , corporate offices as well as studio apartments & IT-ITeS space , food zones & hotels in residential & industrial plots facing roads of a minimum of 24 meters width. The authority is going to change impact fee 25%.

Samrat,

15th May 2015

@ Samrat,

That is right Mr Samrat. this impact fee is also know as conversion fee , which is the main difference between common residential or industrial sector as well as the reserve price of commercial rate of area, where the property is situated. According to me, this new policy will permit builders to build additional units vertically, with increasing builder profit margin . So more number of investments are expected in these areas, because huge population always attracts every type of construction.

Bulbul Verma,

15th May 2015

Hi Guys,

In my point of view, this is actually the good time to apply this mixed lad use policy in Noida because this will invite many innovative ideas great deals in real estate market as well as many foreign investors & buyers to invest their money in Indian Real Estate Market. This new policy will be a source to generate a lot of revenue for government in future.

Veena K,

16th May 2015

Hey Guys,

According to my opinion, this policy will a great help for first time small & retail buyers , so that they will have their own office space in prime location of Noida. It is expected that, those who wants to work in prime locations, this policy will encourage them with many projects that are for corporate use as well as for mid scale professionals & small type industrialist.

Ananya,

17th May 2015

Hi Guys,
According to recent news, mixed land-use policy & increased the floor area ratio has been approved by Noida Authority. Floor area ratio changed from 2.75 to 3.50 in existing mater plan. It is expected that this change will boost realty market & investors.

Pranab Malakar,

15th May 2015

Comment

Hi Pranab,

That is right pranab. As per builders & developers , this new policy will give opportunity to build shopping complex, more MNCs, Corporate office & many more. Along with , this policy will help foreign investors to invest in a fast developing real estate hub. This new FAR is valid for land coming with in 500 meters from existing Delhi Metro & Noida- Greater Noida metro line.

Mritunjoy Deb,

15th May 2015

Hi Tamal,
As per me, to comprehend the effect expense, take a 450 square meter private plot, for instance. How about we say's the division rate for the plot is Rs 50,000 per sqm and the business rate is Rs 2 lakh per sqm. The transformation rate would be 25% of Rs 1.5 lakh (Rs 2,00,000-Rs 50,000) reproduced by 450. Thus, to change over this 450 sqm plot to mixed land utilize, a candidate will need to pay a measure of Rs 1.69 crore as effect expense.

Wahi, Noida

2nd April 2015

Comment

In my perspective, the arrangement permits just guesthouses and counts on private plots. Auto showrooms, workmanship exhibitions and historical centers are allowed on mechanical plots. "Plots and structures ought to be arranged on a street that is 24 meters wide or more with no other building in the middle of it and a segment street or administration street aside from a green belt," clarified a senior Noida Authority official. Most fundamental streets in Noida Master Plan Roads I, II and III, Udyog Marg and DSC Road, for occurrence are 24 meters wide or more.

Ruchi Mishra, Noida

3rd April 2015

As indicated by numerous sources the ground scope and Floor Area Ratio (FAR) will be as per the prime area utilization of the plot. Business rates will apply to power and water. Allottees will need to give stopping procurements inside the premises as per procurements of Noida's building regulations, authorities said. "Mixed land use will be permitted on 25% of the passable FAR on the ground floor of mechanical plots. Guesthouses and bank exercises will be allowed on all carpets up to the passable FAR on private plots," the Noida authority included.

Shilpa, Noida

4th April 2015

@ Tamal,

As per my conclusion the strategy will likewise permit bolster offices to allottees after change to mixed land utilization as indicated by the predominant building and zoning regulations of Noida's Master Plan-2031. For modern plots, these incorporate office, bank, showroom for presentation/offer of mechanical merchandise produced in the unit, exercise center, wellbeing club, creche, day consideration focus, web focus, dispensary, taxi and autorickshaw stand. Bolster exercises for private plots incorporate office, flask, individual administration shop, bank, ATM, creche, wellbeing focus and dispensary.

Wahi, Noida

5th April 2015

@ Tamal,

From numerous sources, the new approach advances contained and minimal area use where a building or a solitary site will have all fundamental offices like workplaces, wellbeing focus, guesthouse, bank, and so on inside the limit," Raman said. "Town organizers all inclusive are pushing mixed land utilize so that offices for living, work and play are in the same neighborhood. Be that as it may, a private business joined utilization will be directed so it doesn't bother inhabitants," Raman included.

Anuradha Jain, Noida

6th April 2015

Hi Tamal,

According to sources, the arrangement says allottees of private and mechanical properties can transform them into mixed land use by paying a change cost, which the Noida Authority has characterized as 25% of the contrast between the predominant private or modern part rate and the store cost of the business rate of the zone where the property is found. "The same equation will be utilized for transformation to mixed land use for both private and industrial properties," said Rama Raman, executive and CEO of the Noida Authority. "The effect expense will must be paid as a knot aggregate," Raman included.

Shilpa, Noida

2nd April 2015

Comment

Hi Tamal,

As per my knowledge, selective residential sector is presently a relic of days gone by in Noida. The Uttar Pradesh government has sanction a mixed land use approach for the city that will permit holders of private and mechanical properties to utilize them for different purposes. The support for the mixed land use arrangement, which the Noida Authority had encircled in 2013, got through a periodical warning issued by the state government dated March 27.

Prasad, Noida

2nd April 2015

Comment

@ Tamal,
The approval, in any case, accompanies riders. One, for occurrence, is that a property whose area utilization is to be changed must be confronting a street that has a base width of 24 meters. The property will be considered for transformation if a sector street, administration street or a green belt lies in the middle of it and the 24 broad street, however not structures. Candidates will likewise need to pay an "Impact Fee" to the Noida Authority.

Saras, Noida

2nd April 2015