- January 30, 2025
- byadmin@blissproptech.com
- No Comments
- Real Estate
- greater noida authority | luxury real estate news | Noida Authority | Noida Expressway | Noida International Airport | noida real estate | real estate | Up rera | Yamuna Expressway
Investment of Rs 4800 crore will be made, demand for plots along the expressway increased
Noida: A new wave of record development is coming in the show-window of UP. A new phase of investment is going to start in Noida, where 18 new companies are planning to invest about Rs 4800 crore. This investment will not only contribute to the development of the region, but will also provide new employment opportunities to 16 thousand people. These companies will invest in industrial, institutional, commercial and residential sectors. To speed up this, Noida Authority has accelerated preparations.
The target was Rs 90 thousand crores
Noida Authority officials said that the government had given a target of investment of Rs 90 thousand crore for the ground breaking ceremony. So far, 315 projects have been prepared for the ground breaking ceremony, which are expected to attract an investment of Rs 78 thousand 563 crore. In this way, the authority has achieved the target of 87.29 percent. These 315 companies will provide direct and indirect employment to three lakh 64 thousand 763 people.
Companies ready to invest
Authority officials said that now five new companies are ready to bring their projects. Contracts have been signed with them. These companies will invest Rs 1517 crore. They will provide direct and indirect employment to 4240 people. Apart from this, 13 more new companies are ready to invest in Noida. These companies will invest Rs 3253 crore and provide employment to 11 thousand 770 people.
MOU signed for investment
Authority officials said that so far in the ground breaking ceremony, 159 companies related to industrial property have signed MoU for investment. Apart from these, there are 118 companies related to institutional property, 22 companies of commercial area and 16 companies of group housing. In this way, a total of 315 companies have signed MoU for investment.
Plots will be allotted along the expressway
Officials said that land has been allotted to all the companies. Production process will start in these companies in the coming few years which will provide employment to people. Plots are being allotted to new companies in Sectors 161, 162, 163, 164, 165, 166, 167 etc. located near Noida-Greater Noida Expressway.
- January 30, 2025
- byadmin@blissproptech.com
- No Comments
- Real Estate
- greater noida authority | jewar airport | Jewar International Airport | luxury real estate news | Noida Authority | Noida Expressway | Noida International Airport | noida real estate | real estate | Up rera | yamuna authority | Yamuna Expressway
Land acquisition process begins for third and fourth phases of Noida International airport
Noida: The district administration has begun the process of securing farmers’s consent for the third and fourth phases of Noida International Airport. With 15,691 landowners involved, about 37% have given their consent so far. As per the Land Acquisition Act, approval from at least 70% of the affected farmers is required to proceed with the acquisition process.
A total of 2,053 hectares of land is to be acquired in these phases, of which 1,889 hectares belong to private farmers, while the rest consists of govt-owned land. This acquisition spans 14 villages, affecting thousands of families. Some of these villages-including Thora, Neemka Shahjahanpur, Kwajpur, Ramner, Kishorpur, Banwaribans, Parohi and Mukimpur Shivara – collectively hold vast tracts of land and are central to the airport
Thora, the largest among the affected villages, has 583 hectares of land marked for acquisition and 3,511 affected families. So far, only about 15% of the families have given their consent.
Neemka Shahjahanpur, with 301 hectares and 1,726 families, has seen even lower participation, with just 8% of landowners agreeing to part with their land so far. The situation in Kwajpur, which covers 272 hectares and has 1,826 affected families, is also challenging, as just over 12% of farmers have given their consent.
Ramner, with 213 hectares and 2,215 families, has performed better, with over 30% of landowners agreeing to the acquisition. Kishorpur, which spans 95 hectares and affects 2,084 families, is showing better progress, with over 48% of landowners giving their consent.
Banwaribans, Parohi and Mukimpur Shivara are also among the significant landholding villages where negotiations are ongoing, and officials are working to increase consent levels.
Several smaller villages, including Rohi, Bankapur and Dyantapur, have relatively less land and fewer affected families. While resistance varies across these villages, the administration is engaging with them through multiple channels to ensure smooth proceedings. To facilitate the consent process, a contact officer has been appointed for each village and dedicated teams are working on the ground to communicate with landowners.
In most villages, landowners are unwilling to part with their land outright. Many farmers insist on better rehabilitation packages, including increased compensation and alternative land arrangements, before agreeing to the acquisition. The primary points of contention include demands for 20% residential plots in exchange for land, higher compensation and the option of agricultural land instead of residential plots.
Notably, the state govt recently increased the compensation rates. The compensation was raised to Rs 4,300 per square metre, up from Rs 3,100 per square metre, which was offered during the second phase of land acquisition. The first phase of the Noida Airport project, which involved the acquisition of 1,334 hectares, is already underway, with a validation flight conducted recently. Commercial operations are slated to begin by April this year.
Recent Posts
- Investment of Rs 4800 crore will be made, demand for plots along the expressway increased
- Land acquisition process begins for third and fourth phases of Noida International airport
- No construction: Warning boards soon on New Noida land
- Luxury Flats, Corporates and Now Fancy Restaurants
- NCLAT appoints NBCC as PMC for completion of 16 Supertech projects