Nod for mixed use on SEZ land in Noida

Noida: The Uttar Pradesh Government has cleared a proposal to change the land use of about 1,000 hectares along the Noida-Greater Noida expressway, which was earmarked for a Special Economic Zone (SEZ) in Master Plan-2031. It has been over two years that Noida Authority had asked for it. Including residential use in 865 acres, the land will now be categorised as mixed use.

For land use division the Authority had proposed 50% for industry; 15% for residential, including group housing and allotment of farmers’ plots; 10% for commercial use; 10% for institutional use; and the remaining will kept for planned development and green spaces. Located across nine sectors, the SEZ land includes sectors 145, 146, 147, 149, 156 and 157.

PK Agarwal, CEO, Noida Authority said “The Authority has been facing a shortage of land and this approval from the state government will provide us with a much-needed land bank”. He further added, “We will soon start the development of this land. Not only will it help us create industry and housing, it will also generate employment for many”.

As per media reports citing authority officials, the land had been notified for developing the SEZ in 2006 and allotted to Reliance-Anil Dhirubhai Ambani Group and nine other IT companies.

x