+
Noida authority to raise Rs 38 Bn revenue
ECONOMY & POLICY

Noida authority to raise Rs 38 Bn revenue

The Noida Authority has set an ambitious target of allotting 5.5 lakh sqm across various categories this financial year, including industrial, commercial, residential, group housing and institutional plots.
The land allocation is projected to generate a revenue of Rs 37 billion. The Authority has decided on this ambitious target despite managing to allot only 23% of its land target last year.

The largest chunk of land, 3.3 lakh sqm, has been designated for institutional purposes this year, suggesting the Authority's emphasis on IT/ITES parks, data centres, and educational and research facilities. Plots for industrial use are next on the list, with an allotment of 1 lakh sqm. Around 67,500sqm of residential plots, 35,000sqm in the commercial sector and 13,800sqm in the group housing category will be allotted as well.

Despite smaller land parcels allocated in group housing and commercial categories, they are expected to generate the maximum revenue" of Rs 10.80 billion and Rs 10.10 billion, respectively. Industrial land allotment is projected to bring in Rs7 billion. Residential plots have a revenue target of Rs 6.50 billion , while institutional plot allotments are likely to yield Rs 3.15 billion.     

The Noida Authority has set an ambitious target of allotting 5.5 lakh sqm across various categories this financial year, including industrial, commercial, residential, group housing and institutional plots.The land allocation is projected to generate a revenue of Rs 37 billion. The Authority has decided on this ambitious target despite managing to allot only 23% of its land target last year.The largest chunk of land, 3.3 lakh sqm, has been designated for institutional purposes this year, suggesting the Authority's emphasis on IT/ITES parks, data centres, and educational and research facilities. Plots for industrial use are next on the list, with an allotment of 1 lakh sqm. Around 67,500sqm of residential plots, 35,000sqm in the commercial sector and 13,800sqm in the group housing category will be allotted as well.Despite smaller land parcels allocated in group housing and commercial categories, they are expected to generate the maximum revenue of Rs 10.80 billion and Rs 10.10 billion, respectively. Industrial land allotment is projected to bring in Rs7 billion. Residential plots have a revenue target of Rs 6.50 billion , while institutional plot allotments are likely to yield Rs 3.15 billion.     

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?