After round 30-year lengthy authorized battle, the Noida authority is lastly poised to rework a barren land parcel in Sector 42 right into a residential hub, officers conscious of the event mentioned.
Located alongside the outstanding Dadri-Surajpur-Chhalera highway, this centrally situated plot had been an eyesore due to the protracted authorized dispute with a central authorities staff cooperative residence development society. With the authorized hurdles now resolved, officers mentioned that the authority will develop the realm, create plots, and introduce a scheme for setting up bungalows on this prime land.
Throughout its 210th board assembly on August 13, the authority gave its nod to a contemporary format plan for Sector 42, overlaying a sprawling space of 460,000 sq. metres.
“The chairman’s directive to kickstart growth work on this sector adopted the decision of points with the central authorities staff co-operative residence development society. Consequently, we are going to allocate 60,000 sq. meters to the society, whereas the Authority will develop the remaining 400,000 sq. metres earlier than launching the scheme,” mentioned Lokesh M, chief govt officer of the Noida authority.
The event of this Sector initially commenced in 1987, surrounded by upscale Sectors like 44, 43, and 44. Nonetheless, a authorized tussle with the central authorities staff co-operative residence development society took the matter to the Allahabad excessive court docket and ultimately the Supreme Court docket. This society had beforehand acquired the land from native farmers for its personal housing necessities. After a protracted authorized battle, on September 22, 2022, the Supreme Court docket dominated in favor of the society, directing the authority to allot flats to 844 members. Consequently, the authority plans to allocate 60,000 sq. metres of land to the society to fulfil their housing wants.
In its preliminary 1987 growth plan, the authority had envisaged plots starting from 60 to 350 sq. metres. Nonetheless, this endeavour faltered. Now, the Authority has determined to create bigger residential plots measuring between 350 and 450 sq. meters.
“Earlier than launching the brand new plot scheme, we are going to lay roads, set up drainage networks, assemble parks, inexperienced belts, and supply different important civic facilities as per the board’s determination,” mentioned CEO Lokesh M.
To rework Sector 42 right into a bungalow haven, the authority has earmarked the development of 12-metre and 24-metre vast roads. Surrounded by A+ and A-category residential zones, the place allotment charges vary from ₹1,75,000 to ₹92,950 per sq. metre, Sector 42 is strategically positioned. The Authority classifies residential sectors primarily based on highway connectivity, plot measurement, inexperienced areas, and high quality of civic providers.
But to be introduced, the allotment charges for this newly authorized Sector 42 format are awaited, officers mentioned.
“The demand for the residential plots in Noida has reached a brand new excessive in view of the scarcity of housing land on this metropolis. Within the latest leftover residential plots schemes the authority offered the property at charges upto ₹2 to ₹3 lakh per sq. metres in e-auction. It will likely be attention-grabbing to know the way the property consumers will reply to the plot scheme in sector 42,” mentioned Rajiv Gupta, a Noida primarily based property guide.
