News
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.
-
News3 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News2 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News3 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News4 weeks ago
Bridging India Divide: Top 5 Tier- 2 Cities to Focus On
-
News4 weeks ago
Multipoint Connection – A Definite Boon
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News1 week ago
Olive Announces Dhruv Kalro as Co-Founder