Noida Authority to acquire land for New Noida master plan
Real Estate

Noida Authority to acquire land for New Noida master plan

The Noida Authority is gearing up to initiate land acquisition for the ambitious New Noida development, also known as the Dadri-Noida-Ghaziabad Investment Region (DNGIR). As the masterplan nears its final stages and is expected to be submitted for approval in August, the authority has identified 21,000 hectares of agricultural land across 86 villages.

The primary focus of this endeavour is to foster industrial growth, particularly in the Dadri-Sikandrabad region. The draft master plan envisions dedicated zones for industries, educational institutions, offices, and residences. Notably, the plan aims to accommodate around 600,000 residents in New Noida, creating a vibrant and thriving community.

Key features of the draft master plan include provisions for various sectors:

1. Industrial Zones: Approximately 8,100 hectares are allocated for industrial development, encompassing sectors like agriculture, food processing, and fast-moving consumer goods (FMCG).

2. Educational Institutions: The plan designates 1,600 hectares for educational institutions, including medical and engineering colleges and universities.

3. Residential Projects: About 2,000 hectares are reserved for residential developments, ensuring a well-rounded urban landscape.

4. Development Models: The Noida Authority is exploring different development models, including the licence model, the Noida-Greater Noida model, and a hybrid approach.

The masterplan is being crafted by the School of Planning and Architecture (SPA) and includes provisions for special economic zones tailored to various industries.

New Noida is poised to offer a range of strategic facilities, including a logistics hub, knowledge centres, integrated townships, and skill development centres, creating an environment conducive to growth and learning.

With $10 bn allocated by the authority for land acquisition and internal development in the current year, New Noida's transformation is on the horizon. As the masterplan advances toward approval, the vision of New Noida as a dynamic and industrious city is becoming more tangible, paving the way for a new era in urban development.

The Noida Authority is gearing up to initiate land acquisition for the ambitious New Noida development, also known as the Dadri-Noida-Ghaziabad Investment Region (DNGIR). As the masterplan nears its final stages and is expected to be submitted for approval in August, the authority has identified 21,000 hectares of agricultural land across 86 villages.The primary focus of this endeavour is to foster industrial growth, particularly in the Dadri-Sikandrabad region. The draft master plan envisions dedicated zones for industries, educational institutions, offices, and residences. Notably, the plan aims to accommodate around 600,000 residents in New Noida, creating a vibrant and thriving community.Key features of the draft master plan include provisions for various sectors:1. Industrial Zones: Approximately 8,100 hectares are allocated for industrial development, encompassing sectors like agriculture, food processing, and fast-moving consumer goods (FMCG).2. Educational Institutions: The plan designates 1,600 hectares for educational institutions, including medical and engineering colleges and universities.3. Residential Projects: About 2,000 hectares are reserved for residential developments, ensuring a well-rounded urban landscape.4. Development Models: The Noida Authority is exploring different development models, including the licence model, the Noida-Greater Noida model, and a hybrid approach.The masterplan is being crafted by the School of Planning and Architecture (SPA) and includes provisions for special economic zones tailored to various industries.New Noida is poised to offer a range of strategic facilities, including a logistics hub, knowledge centres, integrated townships, and skill development centres, creating an environment conducive to growth and learning.With $10 bn allocated by the authority for land acquisition and internal development in the current year, New Noida's transformation is on the horizon. As the masterplan advances toward approval, the vision of New Noida as a dynamic and industrious city is becoming more tangible, paving the way for a new era in urban development.

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