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Ghaziabad revives Noida Electronic City-Sahibabad Metro line proposal once again

by economictimes.indiatimes.com Leave a Comment

Synopsis

Ghaziabad Development Authority is revisiting the proposal for the Noida Electronic City-Sahibabad metro line to connect the RapidX corridor in Ghaziabad with the metro’s Blue and Red lines. The project, which had been put on hold due to high costs, is now being considered again. GDA is exploring funding options, including obtaining a loan from the NCR Planning Board.

In a bid to bridge the gap between the RapidX corridor in Ghaziabad and the metro’s Blue and Red lines, the Ghaziabad Development Authority (GDA) is breathing new life into a long-dormant proposal of Noida Electronic City-Sahibabad line metro line . As pe a TOI report, this initiative, which had been shelved for nearly five years due to perceived high costs, is now back on the table.

While funding remains a key hurdle, GDA is considering obtaining a loan from the NCR Planning Board to finance this crucial corridor. To move forward, GDA has decided to commission a fresh detailed project report (DPR) from the Delhi Metro Rail Corporation (DMRC). The DMRC had previously submitted a project report in 2018, estimating the cost of the corridor at Rs 1,517 crore. However, the lack of funding stalled progress, prompting GDA to explore alternative ideas, such as the metro neo, before ultimately discarding them, as explained by RK Singh, the vice-chairperson of GDA told TOI.

In June, the project was revived with a new plan that proposed connecting Electronic City and Vaishali on DMRC’s Blue line. This plan involved a 5.8-km metro line via Indirapuram, and a joint survey was conducted by DMRC and GDA. However, during a recent meeting between GDA and DMRC officials, they reverted to the original route that aimed to integrate Sahibabad RapidX station with Noida.

RK Singh emphasized the importance of multi-modal integration, which necessitated the change in the route plan. As a result, the Electronic City to Vaishali corridor is currently off the table.

The primary challenge remains securing the necessary funding. The state government rejected GDA’s proposed funding ratio of 50:20:30, which would have been shared by the state, Centre, and other agencies like GDA, GMC, and UP Housing Board, respectively. To address this issue, GDA plans to seek a loan of approximately Rs 500 crore from the NCR Planning Board.

Singh pointed out that GDA had previously taken an Rs 800 crore loan from the Board for the Hindon Elevated Road project and had already reimbursed 90% of the loan amount. Therefore, seeking a fresh loan is seen as a viable option.

While any proposal to connect the RapidX corridor with two busy metro corridors promises significant public benefits and enhanced ridership, extending the Blue Line from Electronic City, Noida’s terminal station, would still leave a gap of less than 2 km between RapidX’s Sahibabad station and Vaishali, the terminal station of the Blue Line in Ghaziabad. Another proposed extension aims to link Vaishali with the Red Line at Mohan Nagar.

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Allcargo group company acquires two land parcels in Gurgaon for Rs 231 crore

by economictimes.indiatimes.com Leave a Comment

Synopsis

The first property piece, measuring 56.52 acres, was purchased for Rs 134 crore by Allcargo Inland Park pvt Ltd, and the second, measuring 41.06 acres, was purchased by Jhajjar Warehousing pvt Ltd for Rs 97.5 crore, as per documents accessed by analytic firm CRE Matrix.

TransIndia Real Estate Limited, an Allcargo Group company, has acquired two land parcels for warehousing with a combined value of Rs 231 crore in Gurgaon’s Farukh Nagar, two people aware of the deal said.

Both land parcels are located in the Model Economic Township (MET) of Reliance Industries.

The first property piece, measuring 56.52 acres, was purchased for Rs 134 crore by Allcargo Inland Park pvt Ltd, and the second, measuring 41.06 acres, was purchased by Jhajjar Warehousing pvt Ltd for Rs 97.5 crore, as per documents accessed by analytic firm CRE Matrix.

Both companies are subsidiaries of TransIndia Real Estate Limited.

The land acquisition is part of our strategy to expand our footprint in strategically located Grade A logistics parks with world-class amenities. The recent land acquisitions will enable us to develop warehousing and other logistics infrastructure in Farukhnagar, a strategic gateway to North India, with convenient access,” said Jatin Chokshi, MD TREL.

Allcargo has developed 5.5 million square feet of Grade A logistics parks in key locations, including NCR Delhi, Bengaluru, Hyderabad, and JNPT in MMR Mumbai. The global logistics conglomerate has just completed the sale of a portion of its logistics parks portfolio to Blackstone Group, a global private equity investor.

This transaction involves the transfer of assets in Bengaluru, Hyderabad, and Goa, while the NCR, Hosur, and MMR regions will remain under the company’s ownership.

Following the demerger, the new real estate company also has plans for additional projects totaling about 8.6 million square feet, which it is pursuing on its own balance sheet.

“Indian economy is growing at breakneck speed. Offices, malls, and homes have all matured real estate assets over decades, while warehouses are still few, and institutions and corporations are taking a lot of interest in this asset class,” said Abhishek Kiran Gupta, CEO & co-founder of CRE Matrix & IndexTap.com.

Due to sustained leasing activity expected in the second half of the year, I&L space take-up is likely to touch 36–38 million square feet in 2023, marginally higher than the 2022 levels.

Supply addition is expected to reach about 28–30 million square feet by the end of 2023; projects by larger developers backed by institutional funds are expected to constitute 40% of the completions.

Nikhil Bothra, Director, EPACK PREFAB, said there was huge demand for pre-engineered structures for warehouse construction, which is a response to the need for rapid, cost-effective, and sustainable solutions in a dynamically evolving business landscape.

“As we observe substantial growth in the retail and e-commerce sectors, especially in tier 2 and tier 3 cities, the need to expand and upgrade warehouse capacities becomes paramount,” he said.

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Metro Manila Film Festival goes Hollywood

by usa.inquirer.net Leave a Comment

LOS ANGELES — Metro Manila Film Festival (MMFF), the popular annual event that celebrates Filipino cinema and its talents in the Philippines, is going Hollywood.

The MMFF’s international edition, named Manila International Film Festival (MIFF), will screen the eight 2023 MMFF entries in Los Angeles in late January 2024. MIFF will climax with a glamorous awards gala.

From "Here Comes the Groom." CLIP

From “Here Comes the Groom.” CLIP

An MIFF opening premiere and a meet-and-greet will also be held on Nov. 2. Stars and filmmakers representing the eight entries will be invited to grace the Hollywood event.

Four of the eight entries in this year’s MMFF, scheduled from December 25, 2023 through the first weekend of January 2024 in the Philippines, have already been selected, based on their script submissions alone.

The first four entries, announced by MMFF last July, are: Nuel Naval’s A Mother and Son’s Story , written by Mel Mendoza Del Rosario, starring Sharon Cuneta and Alden Richards; King Palisoc’s (K)Ampon , written by Dodo Dayao, starring Beauty Gonzales and Derek Ramsay; Jason Paul Laxamana’s Penduko , which he also wrote, starring Matteo Guidicelli and Cristine Reyes; and Mae Cruz-Alviar’s Rewind , written by Enrico Santos and starring Marian Rivera and Dingdong Dantes.

The remaining four entries will be chosen from completed film submissions.

The four-day festival in Los Angeles showing the eight entries is anticipated to draw a diverse audience from all over California, home to the biggest Filipino population in the United States, and generations of immigrant families from various countries.

From "About Us But Not About Us." CLIP

From “About Us But Not About Us.” CLIP

MIFF will be launched in Hollywood on Thursday, Nov. 2, at the Directors Guild of America (DGA) with a screening of three films chosen from the eight entries in the inaugural summer edition of MMFF (Metro Manila Summer Film Festival – MMSFF) held last April in the Philippines.

These three films to be screened in the MIFF launch at the DGA on famed Sunset Boulevard are Jun Lana’s About Us But Not About Us , starring Romnick Sarmenta and Elijah Canlas, which won several MMSFF awards, including best picture; Chris Martinez’s Here Comes the Groom , starring Enchong Dee, Miles Ocampo and Gladys Reyes, MMSFF special jury prize winner; and JP Habac Jr.’s Love You Long Time , starring Carlo Aquino, Eisel Serrano and Ana Abad Santos.

The LA launch will feature a VIP reception and a meet-and-greet with the stars and filmmakers behind these three films from MMFF’s first-ever summer version.

Tickets to the Nov. 2 screenings and events, to be held at DGA (7920 Sunset Blvd., Los Angeles, CA 90046), including screening and event times, are available at: https://manilainternationalfilmfest.com/

The Hollywood edition is part of the celebration marking the 50 th edition of the MMFF in 2024. In 1975, with the establishment of the Metro Manila government, the annual event was renamed Metropolitan Film Festival with the inclusion of the other towns and cities in the metropolis.

From "Love You Long Time." CLIP

From “Love You Long Time.” CLIP

In 1977, the festival was renamed Metro Manila Film Festival, its name to this day. A cherished festival organized by the Metro Manila Development Authority (MMDA), MMFF is now held nationwide. Celebrating its half a century of existence, the festival continues its highly anticipated parade of floats, bearing stars of the film entries, which kicks off the festival every December 25 in the Philippines.

MIFF is expected to continue MMFF’s tradition of bringing families together to the cinemas and to discover and appreciate the talents and variety of genres of Philippine cinema.

The MIFF founders are Omen Ortiz, chairman; Ebradu Udarbe, president; Lisa Lew, executive producer; Ruben Nepales and Janet Nepales, media relations consultants; and Celia Abaya Dy, ticketing manager. Also on the MIFF team are Leo Dela Cruz, chief financial officer; Erickson Ilog, chief operations officer; Ron Ramores, chief marketing officer; and Cindy Sison, consultant.

MMFF is led by MMDA acting chair and MMFF concurrent chairman, Atty. Romando Artes and executive director, Atty. Rochelle Ona. Festival venues in LA will be announced soon.

For MIFF launch and festival sponsorship inquiries, contact Erickson Ilog ( [email protected] )

and Ron Ramores ( [email protected] ).

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Europe enjoy Rome comforts but need Rory McIlroy and other big guns to fire to win Ryder Cup

by metro.co.uk Leave a Comment

On Friday Europe will begin their mission to regain the Ryder Cup from the United States in Rome. They lost the cup by a record 19-9 margin in 2021 but have high hopes of a very different result at the Marco Simone Golf and Country Club. Metro looks at five crucial areas which could decide who will be celebrating on Sunday.

Will home advantage prove crucial again?

Seven of the last eight contests have been won by the home side, the exception being the ‘Miracle at Medinah’ in 2012 where Europe recovered from 10-4 down to pull off a remarkable victory.

Nine of the US team made a recent scouting trip to Marco Simone as they bid to secure a first win on European soil since 1993 but many of the European side have contested the Italian Open at the venue over the last three years, with Robert MacIntyre (2022) and Nicolai Hojgaard (2021) winning the title.

The rough is long and greens slower than is usual on the PGA Tour, both seen as moves to give the hosts the advantage.

Can wild cards justify their picks?

Both captains opted to have six wild cards and there was inevitably controversy as Zach Johnson selected an out-of-form Justin Thomas and Luke Donald left out Adrian Meronk, despite his Italian Open win in May.

Thomas, in particular, will be under scrutiny after being selected ahead of the likes of Keegan Bradley, Lucas Glover and Cameron Young, although he boasts a strong record in team competitions and was fifth on his most recent tour start.

Will Ludvig Aberg live up to his billing?

Aberg has made the fastest transition ever from amateur golf to the Ryder Cup after only turning professional in June, the 23-year-old winning the final qualifying event in Switzerland and being selected by Donald hours later.

He also led the BMW PGA Championship after 54 holes but struggled to a closing 76, a result which could be a blessing in disguise if it cools the hype surrounding the supremely talented Swede.

Donald turns back on LIV stars

The USA have a member of the Saudi-funded breakaway in Brooks Koepka, the five-time major winner getting a wild card after only dropping out of an automatic qualifying spot after the final event.

Dustin Johnson – who won all five of his matches in 2021 – and Bryson DeChambeau could arguably have strengthened the US side, but it is Europe who will be without the vast experience of Ryder Cup legends Ian Poulter, Sergio Garcia and Lee Westwood.

Then again, they have shown little to suggest they would have come close to qualifying for the European team and it feels like a changing of the guard for Europe was due regardless of golf’s civil war.

Will Europe’s big guns fire?

Europe can boast three of the world’s top four – although the US do have the No.1 in Scottie Scheffler – and 2022 US Open champion Matt Fitzpatrick is also in the top ten, but that is no guarantee of success.

Fitzpatrick has lost all five of his matches to date, while Viktor Hovland halved two and lost three at Whistling Straits, where only Jon Rahm, Garcia and Tyrrell Hatton won more than a single point.

Rory McIlroy’s last two Ryder Cups have yielded three points from eight matches. Donald will need more from his star names if Europe are to regain the trophy.

MORE : How to watch the Ryder Cup in the UK – and latest odds as Europe bid to win on home soil

MORE : Ryder Cup legend Ian Poulter sends message to team Europe after LIV Golf snub

Maynilad: Water interruptions in Makati, Manila, Pasay from Sept. 30 to Oct. 1

by newsinfo.inquirer.net Leave a Comment

MANILA, Philippines — Portions of Makati City, Manila, and Pasay City will be experiencing water supply interruptions, the Maynilad Water Services Inc. said on Thursday.

In its advisory, Maynilad said that interruptions will occur within a specific number of hours, starting 8:00 p.m. on September 30 to 9:00 p.m. on October 1, 2023.

According to Maynilad, the interruption is due to a maintenance activity involving the replacement of a 1050 mm gate valve at Espiritu Pumping Station and the insertion of a 600 mm valve to allow for the removal of a 750-mm-diameter pipe along Estrada Street from Espiritu to Lemery in Malate, Manila.

Affected areas include the following:

Makati City

  • Bangkal

Manila

  • Barangays 719, and 726 to 733 in Malate
  • Barangays 745 to 762, 769, 803, and 807 in Sta. Ana

Pasay City

  • Barangays 1 to 7, 9, 14 to 20, 23, 33 to 37, 41 to 49, 51 to 53, 55 to 68, 71 to 75, 80 to 138, and 140 to 143

Maynilad advised its customers to store enough water for the duration of the service interruption.

Upon resuming the water supply, Maynilad also reminded consumers to let the water flow out until it clears before using it.

Maynilad said that the maintenance activity is in line with their efforts to improve water services in the area, mainly to help reduce water losses.

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Metro Manila households face daily water supply cut

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