Because the Uttar Pradesh authorities has launched round ₹3,000 crore funds for land acquisition, the Yamuna Expressway Industrial Growth Authority (Yeida) on Tuesday requested the Gautam Budh Nagar administration to purchase no less than 5,000 hectares near the upcoming Noida airport in Jewar for the event of business and residential use.
The state authorities has in two elements launched round ₹3,000 crore, which is half the funds required to purchase 5,000 hectares of land. The opposite half — one other ₹3,000 crore — will be organized by Yeida for this mega acquisition mission.
So as to allot the land for industrial and residential use, Yeida wants land. The authority has determined to develop new areas — sectors 5, 6, 7, 8, 9 and 11 alongside the Yamuna Expressway, near the Noida worldwide airport website, stated Yeida officers.
Yeida has knowledgeable the district administration that it wants to purchase 260 hectares of land in Kanpur village for the event of sectors 6, 7 and eight. It wants to purchase 18 hectares for Sector 11 in Jonchana village, 300 hectares for new sectors 6, 7 and eight in village Mundra. It’ll purchase 87 hectares for sectors 5 and 11 in village Myana, 220 hectares for Sector 5 in village Kalupura, 13 hectares for Sector 8 in village Milakareemabad, 235 hectares for Sector 8 in village Dastampur, 20 hectares of land for Sector 6 in village Ismailpur, 139 hectares for sectors 6, 7 and eight in village Nagla Shahpur and 163 hectares for Sector 9 in Birampur village .
“We’ve got despatched a proposal asking the administration to begin the method of land acquisition in view of the demand for land from buyers and in followup to the instructions from the state authorities. We’d like round 5,000 hectares for industrial and different developmental tasks near Noida airport, the place the demand has elevated,” stated Arun Vir Singh, chief govt officer, Yeida.
In November,2023 the Uttar Pradesh authorities launched round ₹1,700 crore for land acquisition as an interest-free mortgage, which is to be returned inside 25 years. On the identical phrases, the federal government on Tuesday launched the second instalment of ₹1,300 crore.
“Because the state has determined to fund half the acquisition price, we are going to increase the opposite half for the acquisition. If required, the authority will organize extra funds in the time to come,” stated Singh.
Yeida goals to purchase 12,000 hectares in the following two years and one other 3,800 hectares will be acquired in the following few years after that. Yeida officers stated they’ll chalk out an in depth land acquisition plan for the three,800 hectares of land in its upcoming board assembly scheduled on January 29, 2024.
Yeida needs the administration to begin the method immediately because it wants round 1,200 hectares in the following one or two years. And for the remaining land, it should put together a schedule to be shared with the administration. The Yeida wants this land for a number of tasks together with the logistics hub in Tappal, warehouses, medium small micro enterprises, IT corporations, information centres, residential in addition to industrial tasks, stated officers.
“We are going to quickly subject notification for the land and begin the land acquisition course of as per the provisions laid out in the land acquisition Act,” stated Balram Singh, further district Justice of the Peace, Gautam Budh Nagar.