Uttar Pradesh to form township policy before global investor summit

01 Sep 2022

Taking note of the Noida twin towers, which were demolished last month on the order of the Supreme Court for flagrant violation of norms, the Uttar Pradesh government is developing a new township policy to serve the real estate sector and attract private investment. The proposed policy is expected to be ready by the end of the month, in time for the mega UP global investor summit in January 2023. The state government is aiming for a Rs 10 trillion investment. In recent years, UP has attracted nearly Rs 310 billion in private investment in a variety of township and integrated township projects. However, the state believes that a modern township policy would be better served in the interests of all stakeholders.

Also read:
Tier-II cities emerge as growth drivers for residential realty
Commercial real estate more lucrative than residential

Related Stories