YEIDA proposes new land projects with a target of Rs 60,000 crore
18 Oct 2022
2 Min Read
CW Team
The UP government has boosted the investment objective for the Yamuna Expressway authority by eight times, from RS 70 bn last year to RS 600 bn for the Global Investors summit scheduled for next year, due to the impending completion of megaprojects.
According to officials, the Yamuna Expressway Industrial Development Authority is preparing to introduce a number of commercial and cooperative housing plans before this year's Diwali in order to accomplish this goal.
On five plots totaling 75 acres, there are plans for a group housing complex. There are also plans for four fuel stations with CNG, gasoline, diesel, and electric charging stations, as well as 15 commercial plots in Sector 22 A. These will all be offered via e-auction.
One of the major developments in the area is the construction of Noida International Airport in Jewar and the projected Electronic City close to it.
According to YEIDA CEO Arun Vir Singh, developers of residential projects will have six months to pay the full cost of the land.
Previously, developers were given plots by paying 10% of the land cost. Over the following few years, builders might pay the remaining balance in instalments.
鈥淭here will be four plots of 12 acres each in Sector 22D and one plot 25 acres near Sector 22A. According to rules, developers can utilise 1% of the land for commercial spaces,鈥� Singh said.
Sectors 18, 20, 22D, and 28 will see the construction of the four gasoline stations.
A plan for commercial plots in Sector 22A, close to the Salarpur underpass, will be introduced by YEIDA. There are 15 plots totaling 100 sq m. In Sector 24, it is also preparing a mixed-use industrial plot design that would span 110 acres.
See also:
Yamuna Expressway to have 16 new sectors over next two decades
YEIDA reveals master plan 2041 focusing Noida International Airport
The UP government has boosted the investment objective for the Yamuna Expressway authority by eight times, from RS 70 bn last year to RS 600 bn for the Global Investors summit scheduled for next year, due to the impending completion of megaprojects.
According to officials, the Yamuna Expressway Industrial Development Authority is preparing to introduce a number of commercial and cooperative housing plans before this year's Diwali in order to accomplish this goal.
On five plots totaling 75 acres, there are plans for a group housing complex. There are also plans for four fuel stations with CNG, gasoline, diesel, and electric charging stations, as well as 15 commercial plots in Sector 22 A. These will all be offered via e-auction.
One of the major developments in the area is the construction of Noida International Airport in Jewar and the projected Electronic City close to it.
According to YEIDA CEO Arun Vir Singh, developers of residential projects will have six months to pay the full cost of the land.
Previously, developers were given plots by paying 10% of the land cost. Over the following few years, builders might pay the remaining balance in instalments.
鈥淭here will be four plots of 12 acres each in Sector 22D and one plot 25 acres near Sector 22A. According to rules, developers can utilise 1% of the land for commercial spaces,鈥� Singh said.
Sectors 18, 20, 22D, and 28 will see the construction of the four gasoline stations.
A plan for commercial plots in Sector 22A, close to the Salarpur underpass, will be introduced by YEIDA. There are 15 plots totaling 100 sq m. In Sector 24, it is also preparing a mixed-use industrial plot design that would span 110 acres.
See also: Yamuna Expressway to have 16 new sectors over next two decades YEIDA reveals master plan 2041 focusing Noida International Airport
Next Story
Blum India brings Design Reverie to Hyderabad
Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..
Next Story
Hafele launches Platinum Studio in Nagpur
Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..
Next Story
Truflo by Hindware wins GPTW honour again
Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..
