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Noida Authority to expedite New Noida Project

By Rishabh Chamoli | 2022-09-23

The Dadri Noida Ghaziabad Investment Region (DNGIR), popularly known as New Noida, was announced by the State government in January 2021. This ambitious project is aimed at developing over 20,000 hectares of land in Gautam Buddha Nagar and Bulandshahr.

In a bid to fast track the development of the Dadri Noida Ghaziabad Investment Region (DNGIR), the Noida Authority has decided to expedite the work on the New Noida project. The decision came a day after a team of Noida Authority had a meeting at the FICCI chambers in Delhi to attract new investors. In a board meeting held on Tuesday, the master plan was examined in detail with plans to discuss projects in further sessions.

What is a New Noida Project?
Under this project, around 20,000 hectares of the area will be developed as an industrial and logistic hub. The region comprises 80 villages 20 in Gautam Buddha Nagar and 60 in Bulandshahr. The area is planned to be developed in four phases over the next 20 years. A multi modal transit hub is also a part of upcoming developments. New Noida is being planned as a smart city, similar to the townships under the National Industrial Corridor Development Programme.

Who attended the meeting of New Noida Project?
The meeting was held in order to understand the current market scenario and gain inputs from industry stalwarts. Around 100 representatives from various sectors attended the meeting.

What were the key decisions taken for New Noida project?
The primary objective was to discuss the resources, accessibility, and benefits of investment in New Noida. The availability of land parcels in commercial, industrial, and group housing categories was also discussed along with the procedure to apply for the plots.

Other key decisions include the following:
• Allocation of shops in Biodiversity Park, Shaheed Bhagat Singh Park and Expressway View Park
• Plans to allocate the ground floor of city bus terminal in Sector 82 Noida to UPSRTC Noida
• Cancellation of the plots which are in violation of bylaws
• Conduct e tender of lands for residential, industrial and group housing projects