Draft Plan for 'New Noida' Industrial Hub Development gets approval
16 Aug 2023
2 Min Read
CW Team
During its 210th board meeting, the Noida Authority granted its approval to the draft master plan-2041 for the Dadri Noida Ghaziabad Investment Region (DNGIR). This expansive region, spanning 21,000 hectares of land set to be acquired in Gautam Budh Nagar and Bulandshahr, will be known as 'New Noida'. Unlike the existing residential-centric Noida city, which covers an area of 16,000 hectares, New Noida is envisioned to evolve into an industrial hub.
Lokesh M, the Chief Executive Officer of the Noida Authority, stated, "The master plan 2041 for DNGIR has been endorsed. The plan allocates 40 per cent of the land for industrial purposes, 13 per cent for residential use, 18 per cent for recreational green spaces, and the remaining land will be designated for institutional and mixed-use developments."
Additionally, the Noida Authority sanctioned various decisions related to group housing and property allocation. Among these decisions, the approval of New Noida stands out as one of the most significant and eagerly awaited ones.
The Noida Authority's strategy involves procuring agricultural land from 60 villages located in the neighbouring Bulandshahr district and 20 villages within Gautam Budh Nagar. This district, in turn, encompasses a total of 81 villages, according to authority officials.
Lokesh M further stated, "With the endorsement of the master plan 2041, the Noida Authority will now solicit input and objections from stakeholders. Once these suggestions and objections are addressed, we will proceed with advancing the project."
Earlier, in June 2021, the Noida Authority enlisted the services of the School of Planning and Architecture (SPA) to formulate the master plan. SPA has already outlined the land utilisation framework for Noida's expansion towards Bulandshahr, a plan that has received the board's nod of approval.
During its 210th board meeting, the Noida Authority granted its approval to the draft master plan-2041 for the Dadri Noida Ghaziabad Investment Region (DNGIR). This expansive region, spanning 21,000 hectares of land set to be acquired in Gautam Budh Nagar and Bulandshahr, will be known as 'New Noida'. Unlike the existing residential-centric Noida city, which covers an area of 16,000 hectares, New Noida is envisioned to evolve into an industrial hub.Lokesh M, the Chief Executive Officer of the Noida Authority, stated, The master plan 2041 for DNGIR has been endorsed. The plan allocates 40 per cent of the land for industrial purposes, 13 per cent for residential use, 18 per cent for recreational green spaces, and the remaining land will be designated for institutional and mixed-use developments.Additionally, the Noida Authority sanctioned various decisions related to group housing and property allocation. Among these decisions, the approval of New Noida stands out as one of the most significant and eagerly awaited ones.The Noida Authority's strategy involves procuring agricultural land from 60 villages located in the neighbouring Bulandshahr district and 20 villages within Gautam Budh Nagar. This district, in turn, encompasses a total of 81 villages, according to authority officials.Lokesh M further stated, With the endorsement of the master plan 2041, the Noida Authority will now solicit input and objections from stakeholders. Once these suggestions and objections are addressed, we will proceed with advancing the project.Earlier, in June 2021, the Noida Authority enlisted the services of the School of Planning and Architecture (SPA) to formulate the master plan. SPA has already outlined the land utilisation framework for Noida's expansion towards Bulandshahr, a plan that has received the board's nod of approval.
Next Story
We鈥檙e building robots that flow, not just move
Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company鈥檚 origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why 鈥楩lo鈥� and not 鈥楩low鈥�?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, 鈥榤obility鈥� naturally became part of the name. We wanted to co..
Next Story
We鈥檙e committed to setting benchmarks in sustainable luxury living
From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned庐 philosophy. K T Jithendran, Managing Director & CEO, outlines the company鈥檚 premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..
Next Story
Mumbai鈥檚 land crunch and ageing homes call for structured renewal
Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai鈥檚 urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..