www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrologyShoppingTendersClassifieds OpinionsTravel Jobs Hotels
| Make this your homepage | Archive
Expressindia » Story

Noida land bid: BPTP to take 6 months to plan project

Font Size

Arpit Parashar

Posted: Mar 13, 2008 at 2151 hrs IST

NOIDA/lUCKNOW, March 12 The BPTP group, which won the largest-ever bid—to develop 95 acres of commercial land in Noida—in the country, today said it would take at least six months to conceptualise a project on it, even as a petition in the Allahabad High Court accused the Noida Authority of allowing construction in an area which is “environmentally sensitive”.

BPTP officials, however, say they have no information on the PIL, which has been filed with the Lucknow bench of the High Court.

Bhupesh Pandey, assistant general manager (corporate communications) of BPTP, said, “We have no information on the PIL and it is the concern of the Noida Authority to deal with the matter.”

The petition says the area, in Sector-94, is “very close” to the Yamuna river and the construction of the project on 95 acres “so close to the river can be environmentally disastrous”.

The sector is situated next to the Okhla Barrage on the Yamuna; the petition states that construction could “affect the river”.

Noida Authority officials say they would be present for the next hearing in Lucknow. Yashpal Sharma, in-charge of commercial deals in the Authority, said, “The petition does not dispute the project; they have a problem with the location and that can be changed if the decision goes against us.”

The petition alleges the officials did not consult environmental experts on the matter before auctioning the area.

Authority officials claim they have kept in mind “every possible concern of the environmentalists” regarding the feasibility of the project. Officials say they have presented documents, proving this in the court.

BPTP officials, meanwhile, say they propose to build residential as well as offices and commercial complexes on the area (mixed land-use).

The ground area for commercial land, officials say, has been kept at close to 25 per cent of the allotted land, which is next to Appu Ghar in Noida. Officials say this was done keeping in mind the concerns of the environmentalists.

The bid was clinched by the Faridabad-based Business Park and Town Planners consortium on Tuesday evening at Indira Auditorium in Sector-6 for Rs 1,30,207 per square metre (52.69 crore per acre).

The earlier record was held by DLF, which bid Rs 3,450 crore for 9,000 acres in Bidadi near Bangalore.

The bidders for the Noida project included Ansal API, Omaxe, DLF among others. While the Ansals’ bid was declared “unfit” DLF and Omaxe were placed at second and third positions

respectively.

Ads by Google
Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

Chavan new Maha CM, Rane revolts; 'I don't trust Sonia'

India, Russia sign ‘milestone’ agreement on N cooperation

Petrol prices to be cut by Rs 5, diesel by Rs 2

Jayalalithaa joins hands with CPM for Lok Sabha polls

Marathi signboards issue: 'Is this a murder trial?'

Nariman House attack: 'My first thought was for baby'

PC admits to security lapses in Mumbai attacks

More
© 2008 Indian Express Newspapers (Mumbai) Ltd. All rights reserved
The Indian Express Group | Advertise With Us | Privacy Policy | Feedback | Work With Us | Site Map