+
Noida Authority to Allot 5.5 Lakh Sq Meters
ECONOMY & POLICY

Noida Authority to Allot 5.5 Lakh Sq Meters

The Noida Authority is set to significantly boost its revenue by planning the allotment of 5.5 lakh square meters of land in the fiscal year 2025. This strategic move is aimed at raising an estimated ?3,800 crore through land sales and lease agreements, reflecting a major initiative to enhance financial resources and support urban development projects.

The land allotment plan is expected to attract a range of investments, including residential, commercial, and industrial developments. By offering substantial parcels of land, the Noida Authority aims to stimulate economic growth and accelerate infrastructure development in the region. This initiative aligns with broader efforts to enhance urban infrastructure and provide ample opportunities for investors and developers.

The revenue generated from these land deals will be crucial in funding various public projects and urban development initiatives. The Noida Authority plans to utilize the funds to improve city infrastructure, enhance public amenities, and support ongoing development projects, contributing to the overall growth and modernization of Noida.

This strategic land allotment is also anticipated to bolster Noida's position as a key investment destination, attracting both national and international developers. The initiative is expected to create a positive ripple effect in the local real estate market, boosting property values and driving further investments.

Overall, the Noida Authority?s plan to allot 5.5 lakh square meters of land and raise ?3,800 crore underscores its commitment to urban development and economic growth. The successful implementation of this plan will play a significant role in shaping the future landscape of Noida and enhancing its appeal as a prime investment hub.

The Noida Authority is set to significantly boost its revenue by planning the allotment of 5.5 lakh square meters of land in the fiscal year 2025. This strategic move is aimed at raising an estimated ?3,800 crore through land sales and lease agreements, reflecting a major initiative to enhance financial resources and support urban development projects. The land allotment plan is expected to attract a range of investments, including residential, commercial, and industrial developments. By offering substantial parcels of land, the Noida Authority aims to stimulate economic growth and accelerate infrastructure development in the region. This initiative aligns with broader efforts to enhance urban infrastructure and provide ample opportunities for investors and developers. The revenue generated from these land deals will be crucial in funding various public projects and urban development initiatives. The Noida Authority plans to utilize the funds to improve city infrastructure, enhance public amenities, and support ongoing development projects, contributing to the overall growth and modernization of Noida. This strategic land allotment is also anticipated to bolster Noida's position as a key investment destination, attracting both national and international developers. The initiative is expected to create a positive ripple effect in the local real estate market, boosting property values and driving further investments. Overall, the Noida Authority?s plan to allot 5.5 lakh square meters of land and raise ?3,800 crore underscores its commitment to urban development and economic growth. The successful implementation of this plan will play a significant role in shaping the future landscape of Noida and enhancing its appeal as a prime investment hub.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?