Within days after the Uttar Pradesh cabinet had approved a 700-acre Electronics City project near the upcoming Noida International Airport, the government estimates that the project would attract investments to a tune of Rs 40,000 crore, reports The Times Of India.
The Yogi Adityanath government plans to establish separate clusters for companies from Taiwan, Japan and South Korea as these three countries have a strong base in electronics.
“We have now sent the DPR to the government for approval of the cabinet. CBRE has alos proposed amusement park, space for hotels and retail among other facilities,” said Arun Vir Singh, CEO of the authority.
Its raining projects in Yamuna E-way the latest news;
Move over Gurgaon. In the last calendar year, Noida emerged as Delhi NCR’s prime commercial real estate (CRE) destination in net office space absorption, outpacing its bigger rival. Experts predict that in 2021 and beyond, the competition between the two micro markets will only intensify.
Noida is fast shedding its image as Gurgaon’s poor cousin in terms of attracting corporates. With its efficient road and metro connectivity, affordable housing, abundant power, availability of Grade-A office space, competitive rentals and upcoming international airport and logistics hub, it’s becoming more attractive by the day. It is also emerging as a prime location for setting up data centres in north India.
https://www.financialexpress.com/industry/noida-strong-competitor-to-gurgaon-in-commercial-realty/2198771/