Greater Noida Authority accelerates land acquisition for industries
08 Jan 2024
2 Min Read
CW Team
The Greater Noida Authority is gearing up to enhance its efforts in consolidating land banks, facing challenges in acquiring land from protesting farmers. Currently, the Authority has successfully acquired 57% of the total 2,222 acres designated for eight new industrial sectors. Despite having a land bank of 645 acres ready for allocation to over 340 allottees, officials revealed that in the past six months, 56 acres have been freed, with some portions allotted for new residential schemes. Additionally, 42 acres were purchased in the last year.
The industrial sectors, located in Ecotech 7, 8, 9, 12A, 16, 19, 19A, and 21 sectors, involve land acquisition from 20 villages. Ecotech 12A is the largest sector at 472 acres, followed by Ecotech 9 (420 acres), Ecotech 8 (398 acres), and Ecotech 7 (269 acres). The remaining sectors range from 100 to 200 acres, with official data indicating that 1,272 hectares out of the total 2,222 acres have been procured.
A senior official highlighted ongoing discussions with farmers to ensure the acquisition of remaining lands with their consent, emphasising the goal of making sufficient land available for companies that have signed Memoranda of Understanding (MOUs) with the Authority and are eager to establish factories.
Furthermore, the Gati Shakti scheme has allocated Rs 2.31 billion for the development of two industrial sectors, Ecotech 8 and 9, with a total development cost of approximately Rs 13.5 billion. Additionally, Rs 1.604 billion has been sanctioned for the development of the existing Ecotech 10.
Presently, the Greater Noida Industrial Development Authority (GNIDA) has 645 acres available, divided into 344 plots across various categories, including industrial, commercial, institutional, IT/ITES, group housing, and residential. Official data indicates that 155 acres are available for the industry category, with room for 80 companies to be allotted land in this sector.
The Greater Noida Authority is gearing up to enhance its efforts in consolidating land banks, facing challenges in acquiring land from protesting farmers. Currently, the Authority has successfully acquired 57% of the total 2,222 acres designated for eight new industrial sectors. Despite having a land bank of 645 acres ready for allocation to over 340 allottees, officials revealed that in the past six months, 56 acres have been freed, with some portions allotted for new residential schemes. Additionally, 42 acres were purchased in the last year.
The industrial sectors, located in Ecotech 7, 8, 9, 12A, 16, 19, 19A, and 21 sectors, involve land acquisition from 20 villages. Ecotech 12A is the largest sector at 472 acres, followed by Ecotech 9 (420 acres), Ecotech 8 (398 acres), and Ecotech 7 (269 acres). The remaining sectors range from 100 to 200 acres, with official data indicating that 1,272 hectares out of the total 2,222 acres have been procured.
A senior official highlighted ongoing discussions with farmers to ensure the acquisition of remaining lands with their consent, emphasising the goal of making sufficient land available for companies that have signed Memoranda of Understanding (MOUs) with the Authority and are eager to establish factories.
Furthermore, the Gati Shakti scheme has allocated Rs 2.31 billion for the development of two industrial sectors, Ecotech 8 and 9, with a total development cost of approximately Rs 13.5 billion. Additionally, Rs 1.604 billion has been sanctioned for the development of the existing Ecotech 10.
Presently, the Greater Noida Industrial Development Authority (GNIDA) has 645 acres available, divided into 344 plots across various categories, including industrial, commercial, institutional, IT/ITES, group housing, and residential. Official data indicates that 155 acres are available for the industry category, with room for 80 companies to be allotted land in this sector.
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..