BPTP launches housing project in Faridabad at Rs18-26 lakh

Realty firm BPTP has launched a housing project in its 1,500 acre township at Faridabad to be developed at an investment of about Rs150 crore, excluding land cost reported the livemint.

The launch of this project follows the robust response with over 5,000 bookings that the company received for its another housing project ‘BPTP Park Elite Floors’ in the same township, BPTP said. In May, BPTP had offered independent floors at a price range of Rs16-25.5 lakh.

Initially, the company would offer 600 premium apartments in the price ranging between Rs17.98 lakh and Rs26.64 lakh but could increase the number depending on the response from the end-users, a company official said.

“The construction cost for developing 600 flats would be about Rs150 crore,” he added.

BPTP Ltd, which was involved in India’s biggest land deal of Rs5,006 crore at Noida but had to withdraw later from the project due to liquidity crunch, has a paid-up land bank of over 2,000 acres.

It is undertaking various projects including integrated townships, housing and commercial complexes, shopping malls, IT Parks, SEZs and hotels.

Last year, the company sold 2,000 flats and more than 1,500 plots were offered for possession. Another 2,500 plots are being offered possession, the statement said.

• BPTP Park Elite

Faridabad ranks second in terms of annual growth among Beta cities in India

Faridabad is among the cities that have the potential to match the larger cities in market size. Faridabad had double-digit (14%) annual growth in its market size over the past two years only second to Thiruvallur in Tamilnadu among the Beta or tier-II cities in India. Faridabad comes third in terms of Annual per capita income (Rs 89,246) after Thiruvallur and Vadodara. These Beta cities, as opposed to the Alpha top-tier cities of India, have diverse characteristics. Many of these cities are state capitals such as Jaipur and Lucknow, benefiting from better infrastructure and public services. Cities such as Jamshedpur and Faridabad have been industrial centres for decades now, but seemed to be content giving precedence to other newer centres that have grown. Read full story on LiveMint.com.

If we have a look on the Economic Survey of Delhi which tabled in the Assembly on June 19, 2009 states Delhi’s per capita income is Rs 78,690 in 2007-08. If we take India figures; the CSO estimates showed that when adjusted for inflation, the per capital income reached only Rs 25,494 per annum. However, the per capita monthly income of an average Indian has, for the first time, crossed the Rs 3,000 mark on current price levels (March quarter).

It may be an interesting read on Mint that Surat is the richest city in India by per capita income, averaging Rs4.5 lakh annually per family.

The growth curve is northbound in Faridabad and in all likelihood when communication and commuting hurdles will be cleared Faridabad may cross the threshold.

Ultra bus-stands in Faridabad

Ballabgarh, Sector 12 and NIT in Faridabad will have passengers friendly ultra modern bus stands according to a new plan of the Government, reported the Hindu Business Line.

These bus stands would have the facility of air conditioned waiting room for passengers, food courts, convention halls, shopping area, serviced office space etc.

In a bid to provide better facilities to the bus passengers, Haryana government has decided to construct 20 passengers friendly ultra modern bus stands in the State including in Faridabad.

CM pressed for Metro-line (Badarpur-YMCA Metro) in Faridabad

The proposed Badarpur to YMCA Chowk Metro line got a fillip from the Haryana CM when he pushed for the INR 2082 crore project having a length of 13.875kms.

Haryana Government and Delhi Metro Rail Corporation Limited (DMRCL) passed the project in 2007 itself and the nod of Delhi government is awaited, according to officials.

Central Secretariat-Badarpur corridor
The Times of India reported that the work on the 20 km-long metro route connecting Central Secretariat with Badarpur is in progress and expected to be completed by September 2010. The government on June 19, 2009 approved the transfer of 450 square metres of defence land in South Delhi to Delhi Metro Rail Corporation (DMRC). The transfer of defence land, approved by the Union Cabinet, will facilitate construction of Central Secretariat-Badarpur corridor in Phase-II, Union home minister P Chidambaram said. He said the corridor is to be taken up for early implementation so as to commission it before the Commonwealth Games next year.

At present, the DMRC runs 70 trains (280 coaches), with a ridership of 8.5 lakh daily. With the opening of new lines in Delhi, Gurgaon, Noida and Badarpur in Phase II, this number will go up to 153 trains (900 coaches). Orders for 424 broad gauge coaches and 196 standard gauge coaches place for Phase II. 20 lakh is the expected ridership by September 2010, the scheduled time for the completion of Phase II. (Figures compiled by the Indian Express)

• PM's help sought in Faridabad Metro plan
• Tracking progress
• SC clears decks for Badarpur Faridabad Metroline

अब चार घंटे की बिजली कटौती

Haryana to set up air quality monitoring station at Faridabad

The Times of India reported that the Haryana State Pollution Control Board will set up a monitoring station at Faridabad for continuous analysis of ambient air quality.

For continuous data collection and analysis of pollution level in the city, a Rs 18-lakh Ambient Air Quality Monitoring station will be set up in Faridabad as two other old stations remain functional only twice a week, a spokesman of the board said.

He said the data provided by the station will be analysed to improve the air quality of the city and will also be displayed on highways for general awareness.

Kundli-Manesar-Palwal Expressway delayed

People have to wait longer for the much touted 135.6km Kundli-Manesar-Palwal Expressway or Western Peripheral Expressway for which only 20 pc works has been completed by May this year and it all set to miss the July 2009 deadline.

The KMP expressway which will connect northern and southern Haryana and will be fenced completely is being constructed by the KMP Expressway Ltd—a consortium comprising infrastructure developers DSC Ltd, Hyderabad-based Madhucon Projects and UK-based Apollo Enterprises, the financial partner.

• Roadblock on expressway

Health Services for Faridabad slums

Faridabad district would have eight health centres (largest in Haryana) around urban slums to provide basic health services and Reproductive Child Health Services during the current financial year.

• Haryana to set up urban health posts

Pali in Faridabad will have waste disposal plant

Haryana CM said that a modern plant would be set up at Pali village in Faridabad for disposal of hazardous waste.

Nitin aced AIEEE too after IIT JEE

Nitin Jain of Faridabad is on high notes; he topped IIT JEE last week and scripted another tectonic success - he aced All India Engineering Entrance Examination too.

However, the MVN alumnus is all set to make IIT Delhi is his next Alma Mater.

In the meantime, Haryana CM Bhupinder Singh Hooda honoured him with Tanvi Aggarwal for the rare feat.

• पीएम से मिलकर फूले नहीं समा रहे नितिन