Noida homebuyers fear SP may junk Mayawati projects
TNN | Mar 7, 2012, 03.54AM IST
NOIDA: Noida, a destination of affordable housing and infrastructure,
is keeping its fingers crossed on the return of Mulayam Singh Yadav.
Will the SP chief's policies and his need to kill Brand Mayawati seal
its fate? Or will Akhilesh be a sobering influence? Residents recall
how in 2004, Mulayam had dissolved the district and stalled many
projects, leading to clashes.
The already troubled housing sector - plagued by faulty land
acquisition policies - is dreading a setback. The fate of 200,000
flats to be built in Noida Extension now hangs by a thread. Any change
of stance by the government in Supreme Court will be terrible news for
builders and buyers. The farmers may renegotiate yet again.
The outlook on infrastructure projects is grim too. Yamuna Expressway
is ready but with toll, speed and security undecided, it's a
non-starter. And the townships planned along the expressway may just
remain on paper. The builders of the expressway, Jaiprakash Associates
Ltd, must be particularly worried because of their proximity to the
In 2004, the SP government had disbanded the district and stalled
various projects, thereby slowing down the pace of development. With
the party back in power, residents of Noida and Greater Noida are in a
quandary regarding the future of these projects.
"The progressive outlook of SP scion Akhilesh Yadav has made us
optimistic that developmental work will continue," said Vikram Kasana,
president, Evergreen Federation of RWAs, Greater Noida. "However,
given the SP's past record, things seem bleak," Kasana added.
Noida residents are even less upbeat about the SP storming to power.
"The party had given a bad name to Noida the last time it ruled the
state. Though it may claim to be back in a new avatar, we aren't sure
how things will pan out," said N P Singh, president, Federation of
Besides the Rs 11,000-crore Yamuna Expressway project, other ambitious
projects initiated by the BSP include the extension of Delhi Metro
routes to Greater Noida and Noida Extension. The Metro line which is
already functional till City Center in Sector 32 is to be extended
till Sector 62. A 3.9 km route has been proposed between Botanical
Garden in Noida and Kalindi Kunj. The cost of the Metro projects
stands at Rs 11,000 crore.
In January 2010, a helipad was proposed to be constructed in Sector
128 but only the project site has been finalized till now. Work on
Noida City Center - being developed on a multiple land use model
across sectors 32 and 25 A - began last year after prolonged delay.
The Center will boast of hospitals, banks, entertainment spaces and IT
The fate of the first elevated road, which will run above the Shahdara
drain, also remains uncertain. The plan was approved in May 2011. The
BSP government had also given the go-ahead to Ganga water projects in
Noida and Greater Noida, estimated to cost around Rs 500 crore. The
construction of three underpasses, scheduled to start in December
2011, is yet to begin. The upgradation of the Bodaki railway station
at a cost of Rs 130 crore has also been stalled. The 400 MW power
project of Noida Power Company Limited (NPCL), estimated at Rs 2000
crore, was awaiting environmental clearance from the state government
when elections were declared.
Entrepreneurs are also apprehensive about the future of industrial
development in the district. "I hope the new government will be more
enthusiastic about industrial development and improve the law and
order situation," said Vipin Malhan, president, Noida Entrepreneurs'
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