Home buyers relieved as developers submit revised master plan for Sports City project

NOIDA: Developers of the Sports City real estate project in Sector 150 of Noida have submitted a revised master plan to the Noida authority in an effort to revive the project. The state government instructed the developers to prepare a revised master plan after a nine-hour meeting on July 10 this year at the Authority’s Sector 6 office.

The designation was given after developers requested the government of Uttar Pradesh and the authority of Noida to revive the project, as 10,000 of the proposed 30,000 homes have already been sold. The Noida authority banned the sale and purchase of flats and lots in the project in January 2021, stating that builders should first develop sports facilities for public use before housing. Spread over 300 hectares of land, the project consists of group homes, commercial towers and integrated sports infrastructure.

Lotus Green, the lead developer, submitted the revised plan earlier this month. “The developers have submitted the revised master plan and we have asked the Urban Planning Department to examine it. Once the revised plan has been examined, the project can move on to the next phase,” said Ritu Maheshwari, chief executive officer of Noida’s authority. Important decisions regarding development projects are usually made during government board meetings. When asked whether the master plan will be discussed in the next board meeting, Maheshwari said: “We will do what is necessary after the revised master plan has been examined.”

The government allocated the land for the project to developers in 2014 under the sports city scheme. In addition to Lotus Greens, the project developers are Tata Group, Godrej Group, ACE, Prestige Group, Home Kraft, Eldeco and ABA Corp. Birla Estates has also expressed interest in including land in this project, officials said. According to the developers, the sports city will create some 25,000 jobs in Noida and therefore needs to be revived.

“The revival will restore the goodwill of Noida’s real estate sector as 10,000 home buyers have already made investments. The efforts of the Noida authority and the UP government to accelerate the sports city will positively impact the sector and provide the city with better infrastructure,” said Sanjay Dutt, chief executive officer and general manager of Tata Realty & Infrastructure. Limited.

Home buyers have also expressed relief as the revival paves the way for the registration of their flats. “We have been waiting for the registration of our flat for a long time. We hope that the Noida authority and the UP government will lift the ban on the registry and address the issues in this project,” said Aayush Singh, a home buyer.

Box:

According to the revised master plan, the size of the 9-hole golf course has been increased from 24 acres to 42 acres, an Olympic-sized swimming pool, a 17250 square meter cricket academy, an 8-court tennis center on 14560 square meters, a sports club and a multi-purpose playing field with basketball court, box football, volleyball court, ice rink and jogging track spread over 6000 square meters.

ABOUT THE AUTHOR

Vinod Rajput writes on environment, infrastructure, real estate and government policy in Noida and Greater Noida. He has reported on environment and infrastructure in Delhi, Gurgaon and Panchkula in the past. …View details

Leave a Comment