News
YEIDA seeks 5per cent stake in Noida Metro
Yamuna Expressway Industrial Development Authority (YEIDA) has expressed its interest to acquire a 5 per cent stake in the Noida Metro Rail Company. The proposal was made to the company by YEIDA officials at a meeting held on Friday.
“With the population of the region projected to touch 35 lakh by 2031, there is need for a system that doesn’t depend on a single mode of transport but forms the basis of a mobility plan,” said officials.
“The aim is to establish a roadmap specifying and prioritizing YEIDA region’s transportation needs and to work towards it. Hence, we have proposed to own 5 per cent shares in NMRC,” YEIDA’s CEO Santosh Yadav told in a published report.
He also said, “It will also serve the several proposed residential, industrial and IT units along the Yamuna expressway. With NMRC soon to finalize the city bus service between Noida and Greater Noida, with our stake, we will also ensure buses reach YEIDA.”
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances