The following article discusses Jaypee Infratech’s plans for the Yamuna Expressway, a project that includes not only the highway itself, but several real estate developments all along it. Recently, VT reported the UP government’s decision to convert the entire urban belt along the Yamuna Expressway into India’s largest urban zone.
With Jaypee planning to create its own integrated townships, including all infrastructure, affluent property buyers will have access to services that could be superior to those currently found anywhere else. This could have profound consequences; city and town governments could be more strongly pressured to provide services if Jaypee proves that it is indeed possible to do so. Alternatively, Jaypee and other companies could continue to do the work of municipal governments, establishing more new townships out of agricultural land, making today’s towns and cities into the villages of a new era, with the affluent living in newly constructed cities and the poor migrating into the old ones.
Commercial showing Jaypee Infratech’s plans to pave and develop the way to Agra
Economic Times 25 Jan 2011 (IANS)
Jaypee Infratech quarterly net profit falls 2.58 per cent
NEW DELHI: Infrastructure major Jaypee Infratech Limited (JIL) has posted a decrease of 2.58 per cent in net profit at Rs 378.51 crore during the quarter ended December 2010 as against Rs 388.53 crore for the like period last fiscal.
The total revenue of the company stood at Rs 755.38 crore during the quarter as compared to Rs 500.92 crore during the like quarter of last fiscal, the company said in a statement Tuesday.
The company is engaged in development of the 165-km-long Yamuna Expressway connecting Noida and Agra and the associated real estate development along it.
JIL is developing five integrated cities of 1,235 acres each along the expressway comprising a total development opportunity of 530 million square feet, the statement said.
It plans to develop these integrated townships with all basic and modern amenities including educational, medical, recreational, security, sewage treatment plants and water treatment plants along with complete power backup.
“The company shall not only benefit from the ensuing growth phase of infrastructure sector but shall contribute significantly in the infrastructure development of India,’ said Manoj Gaur, JIL chairman.
“Keeping in view the performance and future prospects of the company’s business and the increasing absorption across the real estate markets, our company is poised for sustained growth and the outlook is bright,” he added.