YEIDA to Develop New City Near Noida Airport: Land Acquisition and Urban Infrastructure Plans

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YEIDA Plans New City Development Near Noida International Airport

Team FS

11/Jun/2024

Key Points:

1: YEIDA plans to develop a new city near Noida International Airport, acquiring 6,065 hectares of agricultural land to meet the increasing demand for residential, commercial, industrial, and institutional sectors in the area.

2: The authority aims to spend over Rs 63,000 crore to develop urban infrastructure, including parks, roads, sewers, electricity, and drains, over the next two years.

3: Five industrial parks, including an EV Park, plastic processing park, footwear park, handicrafts park, and a transport hub, are also planned to be developed near Noida Airport to boost economic activities in the region.

The Yamuna Expressway Industrial Development Authority (YEIDA) has announced its ambitious plans to develop a new city near the upcoming Noida International Airport. This strategic move comes in response to the increasing demand for residential, commercial, industrial, and institutional sectors in the vicinity of the airport, reflecting the region's growing importance as an economic hub.

Land Acquisition Strategy: Acquiring 6,065 Hectares of Agricultural Land
YEIDA officials have disclosed that approximately 6,065 hectares of agricultural land will be acquired to facilitate the development of the new city. This acquisition will span across 40 nearby villages over the next two years. The authority has allocated a substantial budget of Rs 14,000 crore for land acquisition, emphasizing its commitment to expediting the development process.

Urban Infrastructure Development: A Comprehensive Approach
A significant portion of YEIDA's budget, amounting to over Rs 63,000 crore, has been earmarked for the development of urban infrastructure in the region. This includes the creation of essential amenities such as parks, roads, sewers, electricity, and drainage systems. Such infrastructural enhancements are crucial for ensuring the livability and sustainability of the new urban center.

Proposed Industrial Parks: Catalysts for Economic Growth
In addition to residential and commercial developments, YEIDA envisions the establishment of five industrial parks near Noida Airport to stimulate economic activities and create employment opportunities. These industrial parks will cater to diverse sectors, including Fintech, Japanese, Korean, as well as specialized areas such as electric vehicles, plastic processing, footwear manufacturing, handicrafts, and transportation.

Sectoral Allocation and Spatial Planning
YEIDA has outlined specific sectors for different urban functions within the new city. For instance, Fintech City is proposed in Sector 11, Japanese City in Sector 5A, and Korean City in Sector 4A. This strategic sectoral allocation aims to streamline development activities and foster synergies between related industries and services.

Conclusion: Transforming the Landscape of Noida's Hinterland
YEIDA's initiative to develop a new city near Noida International Airport represents a significant milestone in the region's urbanization journey. By leveraging strategic land acquisition, robust infrastructure development, and targeted industrial initiatives, YEIDA aims to unlock the economic potential of the area, creating a vibrant and sustainable urban ecosystem for residents, businesses, and investors alike.

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YEIDA Plans New City Development Near Noida International Airport

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