News
Noida Authority’s Board nods two Metro projects


The Board of Noida Authority on Friday approved two Metro projects worth Rs 6,710 crore besides allotting 210 acre land to Taiwan Industrial Association (TIMA) for an electronic manufacturing cluster.
An agency report quoting Noida and Greater Noida Authorities’ Chairman Rama Raman said the first Metro project is from Sector 71 Noida which will pass through Sectors 122 and 123 and reach Greater Noida West at Sector 4 and further extend to Ecotech 12, Sector 2,3,10 and 12 and end at Knowledge Park 5.
The other proposed project is from Okhla Bird Sanctuary in Noida till Sector 142 connecting Sectors along Noida Greater Noida Expressway.
The total project cost of these two projects is Rs 6,710 crore, he said.
The Board has also approved Rs 600 hike in land compensation for direct purchase of flood zone land along Yamuna and Hindon rivers in Noida.
At the last Board meeting, Rs 2,905 per square meter was approved. As farmers were not ready to sell land to the Authority at that rate, the Board has hiked it to Rs 3,500 per square meter.
-
News4 weeks ago
Premium residential values soar across Mumbai, Bengaluru, Delhi-NCR in 2022, says a report by Savills India
-
News4 weeks ago
Real estate expected to remain buoyant in 2023; demand, prices to continue moving northward, say industry bigwigs
-
Guest Column3 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column3 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column3 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills
-
Guest Column3 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column3 weeks ago
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
-
Guest Column3 weeks ago
Propdial in talks to raise Rs 25 Crore