YEIDA Plans 10 Sectors, Fintech City, Global Hubs

22 Jan 2025 CW Team

The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a massive land acquisition initiative to support residential, industrial, and international development projects. The acquisition spans 10 new sectors in the Yamuna region and key areas in Aligarh, aiming to establish a fintech city, logistics park, and dedicated zones for Japanese and Korean cities.

YEIDA has proposed acquiring over 3,500 hectares in Gautam Buddha Nagar (GB Nagar) and 1,600 hectares in Aligarh. A social impact assessment (SIA) will be conducted for the Aligarh acquisition, with Gautam Buddha University leading the evaluation. The SIA will assess community effects, recommend mitigation strategies, and ensure fair compensation for farmers.

Key Developments in 10 Sectors: Sector 5: Residential plots across 382 hectares Sector 6: Industrial plots spanning 348 hectares Sectors 7 & 8: Mixed-use plots over 283 and 328 hectares Sector 9: Institutional and recreational space over 328 hectares Sector 10: Industrial park covering 312 hectares Sector 11: Fintech city across 315 hectares Sector 8D: Industrial plots over 383 hectares Sector 4A: Korean city on 365 hectares Sector 5A: Japanese city on 395 hectares

Additionally, YEIDA is acquiring 2,000 hectares in Aligarh for a logistics park and industrial projects. A portion of this, 736 hectares in Tappal, is already under assessment.

“These projects form a part of YEIDA’s master plan to spur residential and industrial development,” a YEIDA official stated. Surveys for the initiative will begin next week, promising transformative growth in the region.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..