3,827 Hectares Acquired for Industrial Corridors Along Expressways
ROADS & HIGHWAYS

3,827 Hectares Acquired for Industrial Corridors Along Expressways

The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has acquired 3,827 hectares of land across twelve districts for industrial corridors along the Ganga, Bundelkhand, Agra-Lucknow, Purvanchal, and Gorakhpur Link Expressways. This accounts for about seventy per cent of the approved land. The government has invested over Rs 55 billion in acquisition, including stamp duty and registration charges.

The project aims to promote warehousing, logistics, electronics, food processing, pharmaceuticals, and information technology industries. These corridors are expected to play a crucial role in Uttar Pradesh’s ambition to become a US$ one trillion economy.

Nearly twenty thousand landowners have been compensated. Over one thousand and forty-three hectares were acquired for the Ganga Expressway, covering more than seventy per cent of approved land. Bundelkhand Expressway saw acquisition of over one thousand five hundred hectares, representing eighty per cent of approved land, benefitting districts such as Banda and Jalaun.

Around eight hundred seventy-three hectares were acquired along the Purvanchal Expressway, approximately sixty per cent of approved land. The Gorakhpur Link Expressway and Agra-Lucknow Expressway also saw significant land acquisition, with industrial townships planned at multiple locations.

Source:Express News Service

The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has acquired 3,827 hectares of land across twelve districts for industrial corridors along the Ganga, Bundelkhand, Agra-Lucknow, Purvanchal, and Gorakhpur Link Expressways. This accounts for about seventy per cent of the approved land. The government has invested over Rs 55 billion in acquisition, including stamp duty and registration charges.The project aims to promote warehousing, logistics, electronics, food processing, pharmaceuticals, and information technology industries. These corridors are expected to play a crucial role in Uttar Pradesh’s ambition to become a US$ one trillion economy.Nearly twenty thousand landowners have been compensated. Over one thousand and forty-three hectares were acquired for the Ganga Expressway, covering more than seventy per cent of approved land. Bundelkhand Expressway saw acquisition of over one thousand five hundred hectares, representing eighty per cent of approved land, benefitting districts such as Banda and Jalaun.Around eight hundred seventy-three hectares were acquired along the Purvanchal Expressway, approximately sixty per cent of approved land. The Gorakhpur Link Expressway and Agra-Lucknow Expressway also saw significant land acquisition, with industrial townships planned at multiple locations.Source:Express News Service

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement