The group was founded in 2004 by visionary and flamboyant entrepreneur trio Mr. Gaurav Gupta, Mr. Shaleen Singh and Mr. Sunil Kumar with their exemplary expertise in Marketing & Finance. The company has its headquarters in Delhi (NCR).
The Noida, Gr. Noida, Ghaziabd is the part of National Capital Region and a central planning region centred upon the National Capital Territory in India. It encompasses the entire NCT of Delhi and several districts surrounding it from the state of Uttar Pradesh.
posted on 10/10/2019
GHAZIABAD: After preparing the layout plan of the upcoming Indirapuram Extension housing scheme, the Ghaziabad Development Authority (GDA) has started the ground survey of the
land and plans to start work in the next six months, said officials.
The single-unit houses and group housing societies will be built on 130 acres of land near CISF road, adjacent to Kanawani in Indirapuram.
GDA chief architect and town planner Asheesh Shivpuri said, “The layout has been handed over to the engineering department to carry out the ground survey. Now, the encroachments
will be identified and removed.”
To ensure the project does not face any cash crunch, 10 pockets will be developed in a phased manner. The funds generated from the sale of plots and houses in each phase would
then be utilised for developing the next pocket.
“We will not take up all the work at once as it is bound to create a fund crunch sooner or later. Instead, we will utilise the investors’ money in generating more funds,” Shivpuri
said. The authority will focus on houses built on plotted land in the range of 200 sqm to 350 sqm.
Some group housing societies will also be allowed. Around 50% of the area will be earmarked for housing, while 5% will be used for commercial purposes. Roads and related
infrastructure, schools and other amenities will be accommodated on the remaining chunk of land.
At present, GDA has nearly 62 acres of land in its possession, but in a scattered form. To consolidate the land, it will buy another 70 acres from farmers directly or through
land-pooling system. This would be used for providing services like roads, parks and schools. However, the layout plan has been developed for the entire 130 acres of land.
According to the officials, the project was conceptualised in 2005 on 229.5 acres of land in Mahiuddin Pur village in Kanawani. However, the project did not make much progress due to
litigation by farmers over the compensation amount.