Dedicated locality research platform
Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The Yamuna Authority has embarked on a significant land acquisition project, initiating a detailed survey to secure approximately 3,778 acres across four new sectors near the Noida International Airport. This development is expected to transform the area's landscape, and will cater to residential, industrial, and mixed-use purposes.
Officials have disclosed that the survey, critical for planning and development, is set to conclude within 15 days. Following this, the Authority plans to speed up the land procurement process for these sectors, marking a significant step in regional development.
Sector 5, spanning 942 acres, is designated for residential development, promising over 2,000 plots for individuals seeking to build homes close to the airport. Sector 6, covering 859 acres, will focus on industrial establishments, potentially boosting the region's economic growth.
Sectors 7 and 8, encompassing 1,167 and 810 acres respectively, are slated for mixed-use development. This innovative approach allows for varied land utilization, with 70% allocated for industrial purposes, 10% for residential, 13% for commercial activities, 5% for institutional use, and the remaining 2% for other activities. This diverse allocation is designed to facilitate the establishment of industries alongside residential and commercial amenities for employees.
Given the proximity to Noida International Airport, these sectors are poised to attract aviation-related industries and bolster the logistics hub, aligning with regional economic strategies.
In parallel, the Yamuna Authority is addressing land acquisition for a logistics park in the Tappal-Bajna area. An earlier proposal faced challenges due to errors in plot numbering, but a revised proposal with necessary corrections has been submitted to the Aligarh district administration, signalling readiness for the acquisition process.
Furthermore, the district administration is addressing the issue of pending additional compensation for land procured under the Land For Development (LFD) scheme during the Yamuna Expressway construction. The Authority's commitment to resolving these compensation concerns underscores its dedication to equitable and transparent development practices.
In conclusion, the Yamuna Authority's ambitious land acquisition and development project near the Noida International Airport signifies a major step towards regional growth. By fostering a balanced mix of residential, industrial, and commercial spaces, this initiative is set to create a dynamic and sustainable urban environment, enhancing the quality of life and economic prospects for the local community.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
