New Noida on Fast Track as Investment Region
The Noida Authority has decided to expedite its projects to develop the Delhi-Noida- Ghaziabad Investment Region. Also, known as ‘New Noida’ the region will be developed across 20,000 hectares comprising 80 villages, 20 in Gautam Budh Nagar and 60 in Bulandshahr. The region being envisaged as an industrial and logistics hub will be developed in four phases over the next 20 years. The decision to fast-track the project was taken at the Authority’s board meeting. The master plan was presented before the board and discussed in detail. The board has decided to send it to the chief town and country planner in Lucknow and take the feedback. At the meeting, the project will be discussed. On January 29 last year, the UP government issued a notification for the New Noida Project and declared the area as a Special Economic Zone. It had assigned the Noida Authority the task of executing the project. Ritu Maheshwari, The Authority CEO said the meeting was intended the understanding the current market scenario and take inputs from industry and industry captains. Around 100 representatives from various sectors attended the meeting. The Authority team informed the participants about the resources, accessibility, and benefits of investing in New Noida, officials said. Various aspects of the scheme, including the availability of land banks in commercial, industrial, and group housing categories were discussed. They were also informed about the procedure for applying for the plots. The industrialist showed interest in the current scheme and also requested us to initiate projects in PPP mode. There were also requests to bring out a scheme for warehousing. It was also suggested to have wide roads. New Noida is being planned for good connectivity with all forms of transport-rail, road, and the upcoming airport in Jewar. Some of the major speedways passing through the area are Eastern Peripheral Expressway NH-91 (GT Road), and Ghaziabad -Kanpur Expressway. Apart from the Northern Railway line, the eastern and the western freight corridors are being planned in that areas. A multi-modal transport and transit hub is also being developed. New Noida is being planned as a smart city with provisions of utility ducts similar to some of the townships under the National Industrial Corridor Development Programme.
Tags : Noida Authority Investment Region industrial hub logistics Ritu Maheshwari The Authority CEO