Noida, Greater Noida, YEIDA restart unified land allocation policy

11 Nov 2024 CW Team

Discussions on unifying the policies resumed last month during a board meeting of the Greater Noida Authority, which was chaired by Chief Secretary Manoj Kumar Singh. During the meeting, a document titled "Unification of policies of Noida, G Noida & YEIDA" was presented to him.

An official stated that if adopted, the proposal would establish a standardized regulatory framework for industrial land allocations, ensuring a more consistent and transparent process for businesses and investors. The need for a unified approach was recognized over 15 years ago, as the three authorities struggled to maintain clear and consistent policies for industrial land allotments. Over the years, the allotment criteria had changed several times—from objective-based criteria to interviews and, later, e-tenders. Eventually, the authorities settled on objective-based criteria.

However, the on-going changes led to industrial land allotments being suspended for nearly 10 months. Industries Minister Nand Gopal Gupta (Nandi) raised objections to the authorities' plan to adopt objective criteria without formal approval from the Chief Minister.

In 2010, the Greater Noida Authority had hired Sarc & Associates, a chartered accountancy firm, to draft a standardized approach for land allotments. This decision came after concerns were raised that the varied policies were causing inconsistencies, operational inefficiencies, and confusion among businesses and investors. A formal contract was signed with Sarc in October 2010. While the agency began work on the project, it was unable to complete it due to logistical reasons.

After more than 14 years, the three development authorities of Gautam Budh Nagar—Noida, Greater Noida, and Yamuna Expressway—resumed work on a unified policy for land allocations across various categories, including industrial, group housing, and commercial. The initiative, originally launched in 2010, aimed to streamline eligibility criteria, lease terms, rent structures, and procedural formalities across the authorities. Discussions on unifying the policies resumed last month during a board meeting of the Greater Noida Authority, which was chaired by Chief Secretary Manoj Kumar Singh. During the meeting, a document titled Unification of policies of Noida, G Noida & YEIDA was presented to him. An official stated that if adopted, the proposal would establish a standardized regulatory framework for industrial land allocations, ensuring a more consistent and transparent process for businesses and investors. The need for a unified approach was recognized over 15 years ago, as the three authorities struggled to maintain clear and consistent policies for industrial land allotments. Over the years, the allotment criteria had changed several times—from objective-based criteria to interviews and, later, e-tenders. Eventually, the authorities settled on objective-based criteria. However, the on-going changes led to industrial land allotments being suspended for nearly 10 months. Industries Minister Nand Gopal Gupta (Nandi) raised objections to the authorities' plan to adopt objective criteria without formal approval from the Chief Minister. In 2010, the Greater Noida Authority had hired Sarc & Associates, a chartered accountancy firm, to draft a standardized approach for land allotments. This decision came after concerns were raised that the varied policies were causing inconsistencies, operational inefficiencies, and confusion among businesses and investors. A formal contract was signed with Sarc in October 2010. While the agency began work on the project, it was unable to complete it due to logistical reasons.

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Noida, Greater Noida, YEIDA restart unified land allocation policy

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Noida, Greater Noida, YEIDA restart unified land allocation policy

Minister urges swift removal of obstacles in infrastructure projects

90 Infra Projects Worth Rs 34.17 bn Approved for North East in 4 Years

Steel Ministry restricts import of substandard products

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Live Results :

Virtual Reality and 3D Property Tours

Smart Home and Building Automation

Blockchain for Property Transactions

Big Data and Predictive Analytics for Market Insights

Augmented Reality for Property Staging and Design

Drone Technology for Aerial Photography and Site Analysis

Latest updates

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