February 2017 – Page 3 – FindMyProperty

High rise buildings in Noida, Greater Noida and Yamuna Expressway are likely to implement better fire safety methods as a draft proposal to suggest changes in the building bylaws of the three development authorities has been given to a high-power committee.

“This high-power committee has independent fire experts from Delhi, Lucknow and Noida besides town planners of the three areas of GB Nagar”. “The plan will be ready within a month after which it will be examined in detail and sent to the three boards. Once approved by the boards, they will be forwarded to the state government for final nod before being implemented”.

The committee had been told to borrow from the best international fire safety standards from across the globe. The aim is to make the three areas more fire-resilient. The committee will be working on two fronts.

“The changes will aim mainly at avoiding fires, ensuring that necessary training and equipment is on hand and that the original design basis of the building, including the basic plan set out by the architect, is not compromised. Sanctioned layout building plans will have to adhere to the norms in respect to escape routes, elevator standards, setbacks etc. These norms will be implemented and enforced in public buildings including schools, colleges, hospitals, institutional buildings and residential buildings”. This is best beneficial for peoples which staying in Noida, Greater Noida and Yamuna Expressway.

Bank should extend the benefit of lower interest rates beyond the retail sector, indicating that investors should cut the cost of loans for companies. Banks had benefited from RBI’s reduction in policy rates as well as the inflow of low-cost deposits in current and savings accounts in November and December. The average lending rate reduction (by banks) has been less.

As sustained by RBI, as well as the government, banks have pocketed the gains of the rate reduction and only in late December after a prod by the Centre the banks pared their benchmark rate by up to 90 basis points. But the reduction for home loans was lower and for other categories even lower.

The main focus of the bankers as they believed that lower rates could encourage demand was more on the retail segment, unlike the corporate sector which is besieged by a combination of excess production capacity and a high level of debt.

Highrise Building likely to adopt better fire safety plan