Massive Investment of Rs 8500 Crore to Create New Noida, a Modern City in Delhi-NCR

    Date:

    Share post:

    In a major development initiative, the Noida Authority has announced plans to construct a new city called New Noida, also known as the Dadri-Noida-Ghaziabad Investment Region. The project, spread across 21,102 hectares encompassing 85 villages in Greater Noida and Bulandshahar, aims to revitalize the Delhi-NCR region. The first phase of the project will see an investment of a staggering Rs 8500 crore.

    The Noida Authority has allocated Rs 4500 crore for the acquisition of 3000 hectares of land, with an additional Rs 4000 crore earmarked for the development of 1500 hectares. The authorities are set to seek funds from the government, following which the land acquisition process will commence. To ensure proper planning and execution, the School of Planning and Architecture has been engaged to prepare the city’s master plan and a comprehensive financial model.

    Ritu Maheshwari, CEO of the Noida Authority, has emphasized the importance of providing fair compensation to farmers during the land acquisition process. The financial plan has been instructed to be designed in a way that ensures proper compensation without any shortcomings. This approach aims to maintain transparency and equity while fostering positive relations with the local community.

    New Noida will encompass various sectors, including residential, industrial, institutional, traffic and transport, green areas, utilities, water bodies, and more. The development plan entails allocating 41% of the land for industrial purposes, 11.5% for residential areas, 17% for greenery, 15.5% for roads, 9% for institutional purposes, and 4.5% for commercial areas.

    The project will include 20 villages from Gautam Budh Nagar and 60 villages from Bulandshahar, attracting the attention of prominent companies like Ikea, Adani, and Microsoft, which have expressed interest in investing in New Noida. The development of the Dadri-Noida-Ghaziabad Investment Region is expected to generate employment opportunities and spur growth in the surrounding districts of Noida.

    With its strategic location and planned development, New Noida aims to become a hub for commerce, industry, and residential living. The ambitious project seeks to address the growing demands of the Delhi-NCR region while offering a sustainable and modern living environment for its residents.

    As the development progresses, New Noida has the potential to emerge as a model city, showcasing exemplary urban planning, infrastructure, and sustainable practices. The project signifies a promising chapter in the growth story of the Delhi-NCR region, fostering economic development, job creation, and improving the overall quality of life for its residents.

    Also Read:- RAPIDX Launches with Dedicated Women’s Coach and Next-Gen Technology for Enhanced Mobility

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Haryana Government to Connect Under-Construction Global City Project With Delhi-Gurgaon Expressway

    The Haryana government is planning to build a 60-meter-wide road linking the Delhi-Gurgaon Expressway to the under-construction Global...

    Noida To Get 400-Metre Circular Skywalk at Sector 62/63

    A new 400-meter circular skywalk is set to be constructed at the busy Sector 62/63 intersection in Noida....

    India’s Data Center Capacity to Cross 4,500 MW by 2030 – Colliers Report

    India’s data center capacity across the top seven cities is projected to exceed 4,500 megawatts by 2030. This...

    New Elevated Road to Connect Greater Noida and Delhi-Meerut Expressway

    The Greater Noida Authority on Friday approved a proposal to construct a 4-kilometer elevated road. This road will...