New Industrial Sectors Being Developed
In a significant move for the region, new industrial sectors are set to be established near Noida Airport, Greater Noida. The Greater Noida Authority is fully committed to accelerating industrial development along the 130-meter-wide road that connects the nearby villages to the international airport. This initiative comes after a long pause in industry plans for over two years, as the authority seeks to tap into the potential of the area. With flights expected to commence from Noida International Airport next year, the need for industrial growth has never been more pressing.
Land Acquisition Challenges
To facilitate this development, the authority plans to directly purchase land from farmers in various villages, including Astauli, Amarpur, and Sunpura. Survey work is already underway to assess available land in these areas. However, the process has not been straightforward. Farmers are reluctant to sell their land because the compensation being offered is significantly lower than the current market rate. The authority is currently offering Rs 4,125 per square meter, while the actual market price hovers around Rs 15,000 per square meter. This disparity has created a roadblock for the authority, making it difficult to secure the necessary land for industrial projects.
Focus on Industrial Development
Recognizing these challenges, the Greater Noida Authority has devised a special plan aimed at fostering industrial growth around the airport. CEO Ravi Kumar NG has directed officials to prioritize industrial development in the neighboring villages. There is a strong demand from international companies eager to invest in the area, but the lack of available land remains a significant hurdle. With improved connectivity and the promise of new infrastructure, the potential for industrial investment in the district is high, and the authority is determined to make it happen.
SHOTRS COVERAGE.
New industrial sectors are set to emerge near Noida Airport as the Greater Noida Authority accelerates development along a key 130-meter road. The Authority plans to acquire land directly from farmers in nearby villages to facilitate industrial growth, having initiated survey work to assess land availability. Despite interest from international companies, farmers resist selling due to low compensation rates—Rs 4,125 per square meter versus the market rate of Rs 15,000. The Authority is focused on enhancing industrial investment by developing the area surrounding the airport.
