The area around Noida Airport is set for major development as the government approves the establishment of six new sectors. The Yamuna Authority (YEIDA) has been allocated INR 1500 Acre for land acquisition, augmenting the significant development in the region.

 

Key Developments and Funding

  • The government has provided YEIDA with an interest-free loan of INR 1500 crore for land acquisition.
  • Previously, YEIDA received about INR 1800 crore from the government.

 

  • The authority is required to match the amount released by the government for development purposes.
  • Approximately INR 3000 crore will be spent on acquiring 1500 hectares of land.
  • YEIDA aims to create a land bank of 5000 hectares in the next year.

 

Planned Infrastructure around Noida Airport

  • YEIDA will purchase land near the Jewar Airport for residential, industrial, and logistic park sectors.
  • The acquisition will cover approximately 1500 hectares of land in ten villages for six sectors.

 

  • The sectors proposed in the Master Plan 2041 include Sector-5 (residential), Sector-6 (industrial), Sectors-7 and 8 (warehousing and logistics with mixed land use), and Sectors-9 and 11 (institutional category).

 

  • The largest acquisition will be 298 hectares from Mudhera village, with the smallest being 13 hectares from Milk Karimabad village.
  • Five companies have shown interest in developing Fintech City near the Noida Airport.

 

Facilitating Flat Buyers and Builders

  • The government has initiated a scheme to ease the process for flat buyers.
  • Builders of five projects have deposited around INR 10 crore with the authority, paving the way for the registration of 650 flats.
  • Two builders have agreed in writing to clear their dues within 60 days.

 

The development around Noida Airport marks a significant step in regional infrastructure growth. With the creation of new sectors and the establishment of Fintech City, the area is poised for rapid development, offering both residential and commercial opportunities. This initiative will not only bolster the region’s economy but also provide enhanced living and business environments near the upcoming Jewar Airport.

📰 Latest News For You. 👇

Something went wrong. Please refresh the page and/or try again.

Providing most accurate Delhi NCR, National and Stock Market, Automobile stuffs since 2014. Experience in Journalism with 12 Years and Awarded by 4 Journalism HONORS in career. Putting best effort to provide most reliable news point.