The NCR Planning Board (NCRPB) is
set to give a final nod to the developments in Noida Extension and, once this
comes through, this area will seal its position as a prime location for
affordable-range houses in the Delhi NCR.
Several builders have been
allotted land here for constructing residential units - both highrise and
lowrise structures - to cater to a population over 10 lakh. Once the NCRPB
gives its approval for the master plan, nearly 2.5-3 lakh houses are expected
to be delivered in the next three-four years in this residential area.
Recently, the NCRPB's technical
committee cleared a revised draft of Greater Noida's Master Plan-2021. The
NCRPB is at the centre stage after the Allahabad high court dismissed the
review petitions of the farmers and the Noida and Greater Noida authorities.
The NCRPB reviewed Greater Noida's Master Plan-2021 following the October 2011
order of the Allahabad high court, which put a stop to all constructions in
areas for which the plan had not been approved by the board.
This is a welcome relief for
homebuyers, developers and promoters, who had been facing immense hardship and
huge losses after work stalled at Noida Extension following the agitation on
land acquisition and the court orders in their wake.
The major players, in terms of
land banks, are Amrapali, Supertech and Ace Golf Shire. In addition, many
top developers and builders are queuing up for their projects. Noida Extension
will give a tough fight to other localities in the NCR, primarily in terms of
price and location. This has spurred commercial and corporate activity in the
area, as rates are far less compared to the developed sectors of Greater Noida
and Noida.
Spread over nearly 3,635
hectares, Noida Extension is around 4-5 km from Sector 121, Noida - that is,
the road from Sector 121 will cross Hindon river and reach Sectors 1, 2, 3, 4,
16B, 16C, 10, 12, Techzone, Knowledge Park 5, etc, in Greater Noida.
Big housing projects like
Supertech's Eco Village 1 and Eco Village 2, Antriksh's Antriksh Forest, Ajnara
Group's Ajnara Home, Amrapali Group's Laser Park, Laser Valley, Dream Valley, Jaypee Wish
Point, Earth Infrastructure's Earth Sapphire Court and Earth Towne, etc,
are coming up here.
The nomenclature being used for
the area is Noida Extension. This is to differentiate it from both Noida and
Greater Noida, and also to make it clear to potential homebuyers that it's
close to Noida and not as far away as Greater Noida.
The new projects coming up here
are located adjacent to Noida's Sector 121 and face the 130m road, now known as
the Noida-Greater Noida Link Road. This stretch is currently under
construction, with the first 10km likely to be operational soon. A 60m road connecting
NH-24 also passes through the area.
Sonika Khurana, planning head of
Vardhman Real Estate Ltd, says:
"We have also launched our commercial projects in Noida Extension because
this area has now turned into a full-fledged hub for affordable and luxury
developments. The roads leading to Noida Extension may not be packed with
buyers yet, but we are excited about the expected rush over the weekends once
the NCRPB gives its final approval."
The area consists of 13 villages
like Khera Chauganpur, Khairpur Gujjar, Tushyana, Amnabad, Shahberi, Saini,
Bisrakh, Patwari, Haibatpur, Etehda, Roja Yakubpur, Chipyana Khurd and Yusufpur
(Chak Shahberi). According to the plan approved by the Greater Noida Industrial
Development Authority (GNIDA), the authority is allocating land for all round
infrastructural development like roads, sewerage, electric sub-stations, etc.
Before launching large group housing and builders' residential plots, GNIDA
allotted over 4,000 residential plots to individual allottees.
