How about living the outdoors life in a sports city?
Sports-based projects to boost livability index in Noida and Gurgaonreal estate Updated: Jan 09, 2016 19:55 IST
While the infrastructure built for the Commonwealth Games in 2010 is not being used to full capacity in Delhi, Noida seems to be planning two steps ahead of the Capital. Of late, it has decided to promote four sports cities by providing for special recreational land use in its Master Plan. The recreational green zone allows for permissible ground coverage of 28%for residential and 2% for commercial and floor area ratio (FAR) of 2 against the usual 3.5. About 70% area is to be reserved for developing sports infrastructure. The intent, says Rama Raman, chairman of Noida and Greater Noida Authority, is to make sports more accessible to the population and to promote healthy living.
Offerings in this category come from the ATS Group which is developing a 125-acre sports city in sector 150, Noida. It will have a cricket stadium with a seating capacity of 50,000 and other sporting facilities. Housing units will be priced at around `5,500 per sq ft. “Going forward, these will act as lungs of Noida,” says Getamber Anand, managing director, ATS Group.
Lotus Green Group is developing a sports city in Sector 150 spread across 300 acres. The low-density project will offer recreational and residential facilities.
Noida Authority had allotted 200 acres of land as part of the sports city scheme to the Logix Group, which is developing Neo World and has sold the land to five more developers.
In case of the Formula One Circuit located along Yamuna Expressway, the Jaypee Group had received a tax exemption as part of the SEZ policy in UP. It had also been exempted from paying entertainment and luxury taxes, electricity duty, VAT, trade and sales taxes for investing Rs 777.04 crore in the Special Development Zone along Yamuna Expressway.
Last month, the Supertech Group announced the launch of their 175-acre Sports Village in Greater Noida West. “The facility will cater to the entire population of 2.5 lakh that will settle in the area,” says R K Arora, CMD, Supertech Group.
Ashiana Homes is developing Ashiana Center Court in Sector 88A, Gurgaon, which will have 750 luxury sports residences.