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Indian Real Estate News : Delhi NCR
Yamuna Expressway belt projects in trouble
Source: TNN Jul 04, 2012
In a rerun of the uncertainty over Noida Extension that left middle-class homebuyers in the lurch, housing projects in the Yamuna Expressway belt may now be in trouble. The Yamuna Expressway Authority warned developers on Tuesday that no flats could be booked or construction activities carried out in the area till it cleared the layout plans. According to the authority, out of 18 group housing projects in the area, only two have got their layout plans approved. Developers of the unapproved projects have been booking flats on a massive scale, taking advantage of unwitting buyers.
Yamuna Expressway Authority CEO Rama Raman told TOI that no developer has been authorized to take booking amount on flats or plots. "Buyers should check the status of developers with the Authority before investing in the projects," he cautioned. Even former CM Mayawati's pet project, the Yamuna Expressway Township, is in trouble as its Master Plan 2031 has not been passed by the NCR Planning Board.
Officials of the NCRPB warned that the Yamuna Expressway region may end up like Noida Extension if plots are allotted without the Master Plan being passed. "Before giving approval, the NCRPB inspects the sub-regional plan of the authorities which should be in conformity with the master plan of the planning board," said a senior NCRPB official.
Despite this, the former Uttar Pradesh government did not get the township approved and the Yamuna Expressway Industrial Development Authority (YEIDA) sold plots. The township is being developed over 500sqkm along the 185-km expressway between Greater Noida and Agra. The NCRPB insists that no deviation from the regional plan would be permitted. A retired NCRPB official said that when the issue was brought up before the board a few years ago, the UP government was told to get the plan approved so that investors wouldn't face problems later. However, the instruction was ignored.
The sub-regional plan could be questioned on two counts. One, it seems to have violated a basic criterion of the NCR Regional Plan, classifying development on the basis of present population. According to this, an area can be developed as a metro centre only if its population is 10 lakh and above. The YEIDA is developing the township as a metro centre while its present population is only 3.39 lakh.
The other problem is land use. While the UP government designed the township as an industrial belt, it is being marketed as a residential project. Former NCR commissioner for UP Promilla Shanker had also raised environmental concerns about the township.

Tag: Indian real estate, property in india, yamuna expressway, delhi NCR
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