How Jewar Airport will Benefit Noida’s Shortfall Realty Market?

Oct 3,2019 / By Prahalad Singh / No Comment

Jewar Airport and its impact on Noida's Realty Market

The Uttar Pradesh Government has considered the construction of a Greenfield Airport at Jewar. The proposal of Jewar International Airport was first introduced in 2001. The proposed site for the airport is located at a distance of 40 to 50 km from Greater Noida and Noida respectively. Government of Uttar Pradesh interested in making Jewar Airport the biggest airport in the world by increasing the number of runways to eight. Once completion of the project, it could compete with Chicago’s O’Hare International Airport, which at present has seven runways.

Jewar Airport is building on Public-Private Partnership (PPP) and Yamuna Expressway Industrial Development Authority (YEIDA) is the implementing authority for it. Along with the C.M, Yogi Aditya Nath, the government started working on the procedure of obtaining the land for the project which they made was up to 3000 acres and an estimated cost of around 20,000 crores estimated to be operational by 2022-2023.

The Yamuna Expressway Industrial Development Authority (YEIDA) will first have to take 1239.94 hectares of land from 3,000 farmers to develop the phase-1 of the airport. For an operational airport, the land will have to be taken from 5000 farmers.

Phase-1 of the project will have two runways and the Noida International Airport Limited (NIAL) will send the proposal for eight runway airport to the state government.

The Jewar Airport will hold an Aerocity on the plans of the one at the IGI airport. Plans are also to link the $-3.1 billion Jewar airports with the Delhi’s Metro’s Aqua Line by 2025. The government is also analyzing the probability of linking the airport with Sarai Kale Khan, a major bus transit depot in the national capital, through a dedicated Rapid Rail Transit System (RRTS). Later, the Jewar airport could be connected with the Eastern Peripheral Expressway that connects Haryana’s Palwal with Kundli, bypassing the Delhi.

The Jewar Airport once completed will be National Capital Region’s (NCR) 2nd airport and is expected to take the load off Delhi’s Indira Gandhi International Airport. The 2nd airport in the NCR region, along the 165-km Yamuna Expressway, is expected to be operational by 2022-23.

How will Jewar Airport Impact the Noida’s Real Estate Market?

If we analyze the current situations of real estate markets around Noida which is going through a tough phase. According to UP-RERA, there are more than 100 real estate projects stuck in the region due to several issues.

It is often come to read that some of the leading developers of the region are facing insolvency cases and many of the cases are pending against Amrapali, Jaypee, Supertech, Omaxe, Logix, 3C, Unitech among others. The darkness involving these cases. Even after two years of these cases, no final solution regardless of what the Supreme Court has justified resolving these issues in a given time frame. But still preventing combined efforts made by the sector contributors in achieving their desired target.

Going through the current situation, Jewar Airport is the much-needed infrastructure this region is looking for.

According to PricewaterhouseCoopers (PwC), it will be able to handle about 5 million passengers per annum initially and up to 60 million passengers per annum after expansion over 30 years and would be able to serve 37 domestic and 31 international destinations by 2050.

Currently, people living in nearby cities have to travel to Delhi for various reasons. If they plan to travel by air, an airport in Jewar will be a huge help for these people. This airport will not only serve the aviation needs of Delhi but also of cities such as Agra, Hapur, Mathura, Aligarh, Khurja, Palwal, Bhiwadi, Bulandshahr, Meerut, etc.

Apart from that, as construction work progress, the project is expected to generate millions of job opportunities and will able to improve investor sentiment.

Jewar was earlier a part of Bulandshahr District but now the locality comes under the jurisdiction of Nagar Panchayat under the Gautam Buddh Nagar district. Due to the continuous developments, rates of the property along the area have risen considerably.

Landowners can experience the difference. In the past, a bigha of land was sold for Rs 4-5 lakh, but rates have now touched Rs 20-25 lakh a bigha. Farmers whose lands are being acquired for this project are being offered three times the circle rate. While the prevalent land rate in the area is Rs 900 per sq.mt, the government is offering villagers Rs 2300 per sq.mt.

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CIDCO Lottery 2019: Results Announced for 1,100 Homes

Oct 1,2019 / By Prahalad Singh / No Comment

CIDCO Lottery Housing Scheme Maharashtra Details:

It is impossible for any state government to offer the overall development of the common people if proper steps are not taken to solve the housing issues. Plots and ready-to-move-in homes are too expensive these days. To see the current market situation, the Maharashtra Govt organizes housing lottery scheme, named City and Industrial Development Corporation Lottery project (CIDCO Lottery). Under this project, financially weak categories will be able to get their homes.

In August 2018, Maharashtra Chief Minister, Devendra Gangadharrao Fadnavis has launched the scheme under Pradhan Mantri Awas Yojana (PMAY). This is a unique project that will not only reduce the development of slums but will offer proper housing to poor and low-income category applicants.

Key features of the CIDCO Lottery 2019 Schemes:

To Solve Housing Problems

The absence of decent housing is a basic problem in cities of Maharashtra. With the help of CIDCO Lottery 2019 Schemes, the CIDCO tries to allow homes to its economically weaker residents.

Affordable Price

It is not possible for a common man to spend several lakhs to make their dream home. This housing scheme by CIDCO is for a limited income group. This scheme will offer an opportunity for such applicants to get their own homes at an affordable price.

CIDCO Lottery – a part of the PMAY scheme

The construction and distribution of these affordable homes, particularly for the financially weaker section applicants will be made as a part of “Pradhan Mantri Awas Yojana” that is financed by the central government.

Defined Carpet Area

The carpet area of the affordable homes, allocated for LIG and EWS categories will be different. All applicants, who will enroll as LIG applicants will receive a home that has a carpet area of 29.82 sq.mt and EWS applicants will get a home that has a carpet area of 25.81 sq.mt.

Application Fee

All interested candidates, who are willing to enroll under this housing lottery scheme, will have to pay a nominal sum of Rs.280 during the submission of the actual application form.

Earnest Fee

During application, candidates will have to pay an earnest fee. It is a sign that they are serious about taking part in the lottery. All EWS candidates will have to shell out Rs.5000 as an earnest payment and Rs.25000 for applicants who will re-enroll under the LIG category.

Housing Prices

All homes, allocated for applicants of the EWS category are priced at Rs.18.50L and those who are applying under the LIG category will have to shell out Rs.26.50L.

Construction Areas

The state govt has already stated the names of the areas where these permanent homes will be built. Navi Mumbai will see the maximum construction of 55,000 permanent houses in this financial year. Under this lottery scheme, these low-income group (LIG) homes are positioned across several areas in Navi Mumbai, including sectors 21, 22 and 27 in Taloja, Sector 40 in Kharghar, Sector 15 in Kalamboli, Sector 10 in Ghansoli and sectors 11 and 12 at Dronagiri.

Eligibility And Required Documents For Application:

Residents of Maharashtra: As this housing lottery scheme will be regulated by the City and Industrial Development Corporation in Maharashtra, only people who are legal residents of this state will be able to register their names. One must have to submit the residential proof certificate to hold up this right.

Specific income groups only

Residents, who fall in the low-income group (LIG) and economically weaker section (EWS) will be allowed to enroll under this lottery project.

Income Criteria

The monthly earning of people applying as EWS applicants must not be more than Rs.25,000 and people who want to enroll as a LIG candidate must earn anything between Rs.25,000 and Rs.50,000. As income proof, candidates will have to submit income certificates.

Applicants should not be a homeowner

Only those people will be allowed to apply for a house under this lottery scheme, which does not possess a permanent home in Maharashtra or any other state. Background checks will be made to verify these details.

Identification details

To support their claims, applicants will have to submit a copy of their Aadhar Card, Voter, and Ration Cards.

Bank Details

As registration fees and other payments are made via online modes, applicants must have their bank account details such as bank name & address, the account number of the applicants, IFSC Code, and other details must submit accordingly.

How much one has to pay for the CIDCO lottery 2019?

Flats for the EWS category would cost between Rs 17-18 lakh, units proposed for the LIG category would cost Rs 25-26 lakh.

How to apply for the lottery scheme?

If any eligible candidate is interested to get his/her own home under this scheme, he/she will have to make an online application. This application can fill up by clicking on the CIDCO official site.

Copy and paste this URL into another window https://lottery.cidcoindia.com/App/
As the page opens, candidates will have to click on the link that is marked as ”Register for Lottery”.
Apart from name and address, applicants need to type in their income details and contact number.
Once all the field has been filled in, the applicants must click on the submit button to save and register the application.
A successful application will trigger the site to create an application code. Applicants must record this acknowledgment code for future usage.

CIDCO Lottery 2019 results announced for 1100 homes:

During CIDCO Lottery 2018, the respective authority emphasized that around 14,838 houses will be built and allocated among people who are not financially stable. During the allocation of homes, it has been highlighted that 5,262 homes for EWS applicants have stored apart while 9,576 lucky LIG category applicants will get their homes which is more than last year in comparison.

The state-run City and Industrial Development Corporation (CIDCO) has announced the results of the lottery draw for 1100 flats on 14th February 2019. The flats up for sale are the ones that were left unsold in the previous housing scheme, draw for which held on October 2018. The online registration process for this scheme under the Pradhan Mantri Awas Yojana ended on Jan 30.

CIDCO has already published the provisional accepted and rejected application list on its official website. A total of 58,786 applications have been received for these houses out of which 4 have been disqualified from the draw. Three of those applications were rejected on the ground that they applied in the different income groups.

Over 94,000 affordable homes coming soon under CIDCO:

The City and Industrial Development Corporation (CIDCO) has made plans for 94,000 low-cost homes in Navi Mumbai. A sum of Rs 19,000 crores has been recommended for this purpose. As per the plan, 53,000 units will be kept for the lower-income group (LIG) while 41,000 units would be reserved for the economically weaker sections (EWS). Construction is supposed to begin once the registration process under the Maharashtra Real Estate Regulatory Authority (MahaRERA) is complete.

These homes, once completed, will be one of the largest bulk to be constructed under the Centre’s project – the Pradhan Mantri Awas Yojana (PMAY).

How can I check my CIDCO Lottery 2018 results?

Visit lottery.cidcoindia.com/app
Click ‘Accepted Applications’. The page will be redirected to a new page where you can select the lottery scheme.
Select the area which you have selected in your online application form. You can find your name on the list if your application has been accepted by Cidco.

How can I check my Cidco Lottery 2019 results?

The results can be viewed on www.Cidco.maharashtra.gov.in and lottery.Cidcoindia.com

Log on to lottery.Cidcoindia.com
Click on the “View Lottery Result” link
Fill your application details to check the Cidco lottery result 2018

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CIDCO Lottery 2019: Registration, Draw Date, and Price for Over 9,500 Units Declared

Sep 30,2019 / By Prahalad Singh / No Comment

As we all know, Mumbai is a very expensive place. Buying a personal house is very difficult in a city like Mumbai. Most of the people could not even manage to rent a house in such an expensive city. But everyone wants their personal house. As the prices of the house are rising day by day, it is not possible for many people to have their own house. Therefore, to overcome this issue, CIDCO has launched a housing scheme for people of Maharashtra. A total of 9,249 low-income homes in 2-categories will be allotted under the CIDCO 2019 lottery scheme.

This Durga Puja, there is absolutely good news for home buyers looking for an affordable house in Navi Mumbai, Maharashtra. The City and Industrial Development Corporation (CIDCO) has announced the launch of its 2-housing schemes, the Swapnapurthi Scheme and the Mass Housing Scheme, under which CIDCO would sell over 9,500 units developed across Navi Mumbai. With the help of this scheme, people can certainly get their own house. The houses presented by the CIDCO are at a very low price from the market.

These housing schemes valued at a starting cost of Rs 18 lakh for buyers from the low-income group (LIG) and economically weaker sections (EWS) Categories.

CIDCO Lottery 2019: Swapnapurthi Scheme Details

Around 814 units will be allotted under the Swapnapurthi Housing Scheme 2019, to applicants belonging to the economically weaker section (EWS) and lower-income group (LIG) categories in Sector 37, Kharghar. Of these, around 619 homes are meant for the LIG category while 195 are for the EWS category.

The size of the unit proposed for the EWS category has been put at 28.63 sq.mt while the base price is Rs 24.9 lakh. On the other hand, the size of the unit proposed for the LIG category is 34.36 sq.mt with a base price of Rs 39.1 lakh.

The registration process commenced for both the schemes from 30th August 2019.

As per the CIDCO, the applicants have to deposit Rs 5,000 as the earnest money for units under the EWS category and Rs 25,000 under the LIG category.

Important Dates: Swapnapurthi Scheme

5th October 2019	Registration ends, NEFT/RTGS Challan generation ends
6th October 2019	Online registration ends
7th October 2019	Online payment and NEFT/RTGS ends
10th October 2019	Final list publication of accepted applications
17th October 2019	Lottery Draw at 10.00 am

CIDCO Lottery 2019: Mass Housing Scheme Details:

Around 9,249 homes will be allotted under the Mass Housing Scheme 2019 to the applicants in the EWS and LIG categories.

The flats in the EWS category priced Rs 18 lakh while the LIG category flats are priced Rs 25 lakh onwards.

The applicants from the EWS category have to deposit Rs 5,000 as the earnest money while the applicants from the LIG category have to deposit Rs 25,000. An additional charge of Rs 250 has to be paid as a registration amount.

The registration has already begun from September 11, 2019. The application will be accepted from 5th September, while the lottery is scheduled to be held on 17th October 2019. The registration process has already begun. Interested people being asked to submit their online application at lottery.cidcoindia.com.

Most of the houses being allotted by CIDCO under the Mass Housing scheme are based in below localities:

Sector-10, Ghansoli
Sector-11, Dronagiri
Sector-15, Kalamboli
Sector-21, Taloja
Sector-22, Taloja
Sector-27, Taloja
Sector-34, Taloja
Sector-36, Taloja
Sector-37, Taloja
Sector-40, Kharghar

Important Dates: Mass Housing Scheme

17th October 2019	Last date of registration
18th October 2019	Last date for online registration
19th October 2019	Last date for NEFT/RTGS payment
22nd October 2019	Publication of draft list of accepted applications
28th October 2019	Publication of final list of accepted applications
30th October 2019	Lottery Draw at 10.00 am

Documents Required for CIDCO Lottery 2019:

To apply for the scheme, the applicant needs to submit the following documents -

Pan Card
Aadhaar Card
Income Proof Certificate

CIDCO Lottery 2019 Eligibility Criteria:

Points to be remembered that not all applicants would be considered for this scheme. CIDCO has set income criteria to identify reasonable beneficiaries. Any applicant who earns an average monthly income of Rs 25,000 can apply under the EWS category.

An applicant with an average monthly income between Rs 25,001 and Rs 50,000 is qualified to apply under the LIG category.

How to check the list of accepted applications?

Visit lottery.cidcoindia.com/app
Click ‘Accepted Applications’. The page will be moved to a new page where you can select the lottery scheme.
Select the area which you have selected in your online application form. You can find your name on the list if your application has been accepted by CIDCO.

How to check the results for Cidco Lottery 2019?

The results can be seen on www.Cidco.maharashtra.gov.in and lottery.Cidcoindia.com after 6 PM.

Step 1: Log on to lottery.Cidcoindia.com
Step 2: Click on the ‘View Lottery Result’ link.
Step 3: Fill your application details to check the Cidco lottery result 2018

CIDCO Helpline Number:

Applicants can contact Tollfree Helpline Number 1800222756 for more information about the lottery details.

Latest updates on CIDCO Lottery 2019:

The City and Industrial Development Corporation (CIDCO) has extended the last date of application for its housing schemes, the Swapnapurthi Housing Scheme and the Mass Housing Scheme to 5th November 2019.

Data Sources: Google,

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Possession Starts at Wave City Center

Sep 27,2019 / By Prahalad Singh / No Comment

Occupancy Certificate for Wave City Center

Offers Possession of its Commercial – High Street Shop Condominiums (HSSC)
Delivery of premium residences AMORE to commence soon

Noida, Sept 23rd, 2019: Wave City Center, a mega residential-and-commercial project developing in the heart of the city, in Sector 32 Noida, has begun delivering and giving possessions of its products. With construction at a brisk pace, Wave City Center is delivering its first commercial development, High Street Shop Condominiums (HSSC).

Understanding, that the traditional retail developments are soon to be passé, and the sector needs something more immersive, Wave City Center ventured into a unique kind of retail concept with High Street. The retail sector is evolving as per changing consumer patterns and HSSC has the necessary innovation of providing better consumer engagement for retailers and ease of access for the consumers.

With Occupancy Certificate received for over 4 lacs sq. ft. of area, Wave City Center is set to cater to its patrons with its high street retail, which gives its customers the best of retail experience than conventional malls. It is built on G+2 structure, with dedicated pedestrian-friendly pathways, convenient underground parking, impressive frontages, open landscaped areas and sidewalk cafes.

This high street retail is unique in many ways, starting from its space efficiency. In a mall setting, there is always the issue related to the saleable area and the area a shop owner can actually use (covered area). In such cases, shops are left with only 50% or even less of space efficiency; what sets this development apart is around 90% of its space efficiency, which gives shoppers a clutter-free shopping experience and retailers more covered (usable) area. Apart from space efficiency, here, investors get freedom from paying heavy CAM charges. In a mall, CAM charges may range from Rs. 35-40 per sq. ft., but here, the Common Area Maintenance (CAM) charges are expected to be around Rs. 10 per sq. ft. thus reducing the burden on the retailer.

Wave City Center’s high street retail provides all the facilities of a mall, yet it stands apart, as it not only gives its patrons a unique shopping experience but also keeps in mind their convenience. Parking is the most pressing issue nowadays, and generally, high street locations do not have sufficient parking spaces. The high street here has a 3 level basement parking; all that a customer has to do is park conveniently and get easy access to the shopping arcade.

Speaking on this occasion, Mr. CJ Singh, COO, Wave City Center said, “We are delighted to receive the Occupancy Certificate for HSSC. We are delivering our first retail product, which is set to change the retail scenario in Noida. We are giving our customers a destination with a different shopping experience. It is developed keeping in mind the convenience of both the investors and the patrons.”

Connectivity and location are the key factors for a successful retail establishment and HSSC at Wave City Center, is set in one of the best locations in Noida. It is well connected to all arterial locations of the city like sector 18, Noida Golf Course, DND and is adjacent to Wave City Center Metro Station.

Talking on Wave Infratech’s commitment to delivering, Mr. Rajiv Gupta, CEO Wave Infratech said,“ With a couple of financial institutions already on board, our construction is at full pace. We, at Wave, remain committed to offering a world-class luxury experience to our customers at Wave City Center.”

About Wave City Center

Wave City Center offers a luxurious mix of residential and commercial options, developed as per the aspirations, dreams, and hopes of the customers. The project complies with IGBC Green Homes (Gold Rated) and offers premium serviced residences, premium offices, and high street shop condominiums. Homes at Amore, Trucia, Vasilia, Livork Multi-use Studios and Irenia, are created keeping in mind minutest details and give the customers a luxury haven. Each facility at Wave City Center is at par with the international standards. These living spaces reflect the principle of contemporary and innovative development.

The project offers a perfect blend of retail shops and commercial properties. It is envisaged to attract shoppers, diners and moviegoers, from all over the city. High Street Shop Condominiums (HSSC), Livork Skyworks and MetroMart, are three promising commercial projects offered here. With a unique concept of high street shopping & commercial spaces, Wave City Center is sure to add to the ever-growing charm of Noida.

Data & Image Sources: Wave City Center

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2019 Festive Offers & Deals on Housing in NCR

Sep 26,2019 / By Prahalad Singh / No Comment

The festive season is deemed to be a favorable time for many of the Indian homebuyers, which developers and builders look to benefit on. It is the time of the year when people want to make new investments and purchases. To catch the sentiment, property developers come up with attractive offers & discounts. These offers & discounts during festive seasons are unique, competitive so that it could suit the target market. From a homebuyer’s viewpoint, this is one of the best periods to look out for their ideal homes, as most of the developers would be competing for their attention through these offers & discounts. Even property experts say that the festive season is the best time to invest in property.

Like every festive season, this time too, the real estate developers of NCR are showering offers and discounts like no EMI until possession, cash discount, free registration and stamp duty, GST waivers, free modular kitchen, free car-parking, iPhones to cars, club membership, registration & stamp duty among others to attract homebuyers back to the market.

Now, if you are planning to buy your dream home or want to invest in property in the national capital region (NCR), we list for you some offers & discounts that you must like to grab this festive season. Let’s check out some of the offers:

Delhi-NCR

Builder’s Name	Offers & Discounts
Gaur Group	Free Registration of Property, Semi-modular Kitchen, Air-conditioning, LED TV, Gold Coin, Refrigerator, Air-purifier, Washing Machine, Armani Wrist Watch among others.
Saya Group	Possession-linked payment plans – 30:20:50
Mahagun Group	GST waiver, Free car parking, Modular kitchen, club membership, etc.
Gulshan Homz	Free covered car parking, Power backup, Club membership, and lease rent.
Bhutani Infra	iPhone, iPad, and LED TV
Urbania Spaces	Dinnerware and Samsung tabs on every booking of 100 sq ft and 200 sq ft at its commercial project.
SG Estates	Monthly rental till possession, Free club membership, LED TV, etc
Spectrum Metro	Assured gifts up to Rs 1 lakh on every purchase and a chance to win Mercedes Benz

What builders do normally to clear their inventories?

Instead of reducing the per square feet (PSF) rate, normally, builders give discounts & offers and freebies to potential buyers. And to attract home buyers, normally builders experiment with the all-inclusive price.

Are these offers and discounts trustworthy?

Sometimes Yes, Sometimes No!! It all depends on the buyer’s bargaining ability. There are a few points which homebuyers should keep in their mind while buying properties during festive season:

Do not hurry for freebies. Give priorities to your requirements.
Don’t fall for the misconception of festive sales. Properties in a specific market are already available at a reduced price. If the builder is promoting the deal as ‘limited offer’, be aware that after the festival season, the benefits would remain almost the same or will be turned into some other offer.
Make out whether you are really saving big with that deal. The overall cost of the freebie and gift is included in the cost of the home. It is the buyers who need to choose which deal or offer suits them the most.
Make sure that the cost of freebies has not been added to the basic cost of the unit and that there are no hidden charges which the builder will ask for later.
If the offers & discounts are appropriate for all units or only select units? Sometimes, non-premium or non-Vastu compliant units are sold at huge discounts.
Figure out the price of the units over the last few months. Sometimes seen value to actual value might differ effectively.

What are homebuyers exactly looking for this festive season?

Homebuyers want a little extra to make a fresh deal this season. They are looking for affordability with modernity. From amenities that match their modern lifestyles including modular kitchens, luxury bathroom fittings, etc. Buyers are more clever than before, and are willing to take 80-85% loan but won’t negotiate with amenities. Good location with entree to lifestyle options like clubs, gym, parking, and markets is important to deal with. This is special from the normal discounts, fee waivers and rent guarantees by builders for festive sale gifts.

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