Noida Authority to Allot 5.5 Lakh Sq Meters
ECONOMY & POLICY

Noida Authority to Allot 5.5 Lakh Sq Meters

The Noida Authority is set to significantly boost its revenue by planning the allotment of 5.5 lakh square meters of land in the fiscal year 2025. This strategic move is aimed at raising an estimated ?3,800 crore through land sales and lease agreements, reflecting a major initiative to enhance financial resources and support urban development projects.

The land allotment plan is expected to attract a range of investments, including residential, commercial, and industrial developments. By offering substantial parcels of land, the Noida Authority aims to stimulate economic growth and accelerate infrastructure development in the region. This initiative aligns with broader efforts to enhance urban infrastructure and provide ample opportunities for investors and developers.

The revenue generated from these land deals will be crucial in funding various public projects and urban development initiatives. The Noida Authority plans to utilize the funds to improve city infrastructure, enhance public amenities, and support ongoing development projects, contributing to the overall growth and modernization of Noida.

This strategic land allotment is also anticipated to bolster Noida's position as a key investment destination, attracting both national and international developers. The initiative is expected to create a positive ripple effect in the local real estate market, boosting property values and driving further investments.

Overall, the Noida Authority?s plan to allot 5.5 lakh square meters of land and raise ?3,800 crore underscores its commitment to urban development and economic growth. The successful implementation of this plan will play a significant role in shaping the future landscape of Noida and enhancing its appeal as a prime investment hub.

The Noida Authority is set to significantly boost its revenue by planning the allotment of 5.5 lakh square meters of land in the fiscal year 2025. This strategic move is aimed at raising an estimated ?3,800 crore through land sales and lease agreements, reflecting a major initiative to enhance financial resources and support urban development projects. The land allotment plan is expected to attract a range of investments, including residential, commercial, and industrial developments. By offering substantial parcels of land, the Noida Authority aims to stimulate economic growth and accelerate infrastructure development in the region. This initiative aligns with broader efforts to enhance urban infrastructure and provide ample opportunities for investors and developers. The revenue generated from these land deals will be crucial in funding various public projects and urban development initiatives. The Noida Authority plans to utilize the funds to improve city infrastructure, enhance public amenities, and support ongoing development projects, contributing to the overall growth and modernization of Noida. This strategic land allotment is also anticipated to bolster Noida's position as a key investment destination, attracting both national and international developers. The initiative is expected to create a positive ripple effect in the local real estate market, boosting property values and driving further investments. Overall, the Noida Authority?s plan to allot 5.5 lakh square meters of land and raise ?3,800 crore underscores its commitment to urban development and economic growth. The successful implementation of this plan will play a significant role in shaping the future landscape of Noida and enhancing its appeal as a prime investment hub.

Next Story
Infrastructure Transport

Anand Vihar and Punjabi Bagh Flyovers Ready

Work on two major road infrastructure projects, the Anand Vihar flyover and the Punjabi Bagh flyover, has been completed but are yet to be opened for public use, according to officials. Located in highly congested areas, work on these projects started around two years ago. "The work on the flyover is complete and it is ready for opening," said a PWD official on Wednesday. According to sources, both the flyovers are likely to be inaugurated closer to the assembly elections in Delhi, scheduled for early next year. During the time the work was under way, motorists faced heavy traffic congestion ..

Next Story
Infrastructure Transport

RDSO finalise oscillation trials on Indore Metro

Indore Metro Phase 1 advances with the completion of oscillation and brake performance trials on the Yellow Line through three coaches manufactured by Alstom conducted by Research Design and Standards Organisation (RDSO). The oscillation trials were conducted with an aim to evaluate the stability and performance of the three different coaches during the movement, ensuring that the commencement of operation on Indore metro meets the safety and performance standard. The Emergency Braking Distance (EBD) was also reviewed by the RDSO team to evaluate the efficient stopping of trains during the op..

Next Story
Infrastructure Urban

IIT Guwahati develops sustainable geopolymer

A research team at the Indian Institute of Technology Guwahati, led by Prof. Anil K. Mishra from the Department of Civil Engineering, has developed an innovative solution to two major global challenges: industrial waste management and sustainable construction. Their research focuses on creating a geopolymer using industrial byproducts and waste materials, such as water treatment sludge (WTS), fly ash (FA), and ground granulated blast furnace slag (GGBS). “With the rapid pace of urbanisation and industrialisation, managing industrial waste has become a critical global issue," said IIT Guwaha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000