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Area development

Delhi Varanasi bullet train to stop in Noida sector 148 and Jewar Airport

https://tricitytoday.com/amp/news/there-will-be-two-bullet-train-stations-in-gautam-budh-nagar-this-will-be-the-only-district-between-delhi-and-varanasi-stations-to-be-built-here-13126.html

Great news for development of area as well as Society project that will now be between the two bullet train stations.

Categories
Area development

Land prices surging in Yamuna Expressway due to Noida International Airport.

Land prices near Jewar airport in Uttar Pradesh, the first phase of which is expected to be completed by 2024, could surge by up to 100% with prices of residential real estatelikely to increase by up to 50% over the next five to seven years, as connectivity to the area improves with key infrastructure projects materializing in the coming years, industry experts said.

The western Noida area of Uttar Pradesh, where the Jewar airport is located, has emerged as a realty hotspot with all the requisites for affordable housing and better living conditions, giving a commercial and infrastructural fillip to the National Capital Region (NCR), said Anshuman Magazine, chairman and chief executive, India, South East Asia, Middle East and Africa, at commercial real estate services and investment firm CBRE.
https://www.livemint.com/news/india/cost-of-land-near-jewar-airport-to-surge-11617904994848.html

Categories
Area development

Noida completes allotment of 2 lakh sqm Industrial Land to 13 companies worth Rs 344Cr.

The Noida Authority on Wednesday said it has allotted industrial land to 13 companies, including Adani Enterprises and Dixon Technologies, in a move that would bring in investments worth ₹3,870 crore in Noida region, Uttar Pradesh.

Adani Enterprises has been allotted 39,146 sq metres of land in Sector 80 for a proposed data centre and the business group is expected to invest ₹2,500 crore in Noida, the authority said in a statement.
“The Adani Enterprises will set up a data centre which would not only lead to development in the region but also generate employment opportunities,” it added.

The authority had invited proposals for allotment of industrial land plots of size bigger than 4,000 sq metres for which applications were closed in February this year and results were announced on Wednesday.

Over 60 firms had applied for the land and out of them, 13 qualified and were allotted the land plots, as per the statement.

Dixon Technologies, Agarwal Associates, Weavetex Projects, Enquine Tech Nutri Care LLP, RAF Manufacturing Company, Roto Pumps, K K Fragrances, Savi Leathers, Mithaas Sweets and Restaurants, Adoratex, Westway Electronics and Dhampure Alco Chem have also got land, it said.

Altogether 1,99,848 sq metres of land plots located in Sector 80, 145, 140A and 151 has been allotted to these companies following approval of Noida Authority CEO Ritu Maheshwari.

“The Noida Authority expects to earn ₹344 crore in revenue from these allotments which will bring an investment of ₹3,870 crore in Noida region and 48,512 jobs,” the statement said.
https://www.livemint.com/companies/news/adani-enterprises-dixon-tech-11-other-companies-get-industrial-land-in-noida-11618463214831.html