Real Estate
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.