Thursday, July 18, 2024
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YEIDA to Develop New City Near Noida Airport

The Yamuna Expressway Industrial Development Authority (YEIDA) has announced plans to develop a new city near the upcoming Noida International Airport. This initiative involves the acquisition of approximately 6,065 hectares of agricultural land from 40 villages in the region, addressing the growing demand for residential, commercial, industrial, and institutional sectors.

 Land Acquisition and Development

YEIDA officials have detailed the land acquisition process, which will involve villages such as Tappal-Bajna (771 hectares), Karauli Bangar (250 hectares), Muradgarhi (336 hectares), Rabupura (994 hectares), Tirthali (479 hectares), Mayana (252 hectares), Kallupura (218 hectares), and Mudrah (290 hectares), among others. The land acquisition is slated to take place over the next two years, with a budget allocation of Rs 14,000 crore specifically for this purpose.

 Infrastructure Investment

The total estimated expenditure for developing urban infrastructure in the new city is projected to be over Rs 63,000 crore. This investment aims to establish a robust framework supporting various sectors, ensuring sustainable growth and development in the region surrounding the Noida International Airport.

 Strategic Importance

This development is part of a broader strategy to enhance the economic and infrastructural landscape near the Noida International Airport, positioning it as a significant hub for various sectors. The proximity to the airport is expected to drive substantial interest from businesses and residents, boosting the area’s economic activity.

The Yamuna Expressway Authority’s initiative to create a new city near the Noida International Airport represents a significant step towards addressing the increasing demand for diversified urban development. With substantial investments in land acquisition and infrastructure, this project is poised to transform the region into a thriving urban center.

Cover image- zeebiz.com

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