New Noida will be established in the Dadri-Sikandrabad area — which is considered a crucial industrial hub of the state.
The masterplan plan is intended to promote long-term infrastructure and socio-economic growth in the region.
The region will include special economic zones for industrial units from the agriculture, food processing and FMCG sectors.
The masterplan for New Noida is in the final stage and is likely to be submitted for approval next month, reports Money Control.
The New Noida Project was announced by the Uttar Pradesh government in 2022 for the development of the Delhi-Noida-Ghaziabad investment region.
It will be established in the Dadri-Sikandrabad area — which is considered a crucial industrial hub of the state and the plan is intended to promote long-term infrastructure and socio-economic growth in the region.
Noida plans to expand due to increasing demand for industrial, commercial and housing land. The existing city spans 20,000 hectares and has little land bank left to allow new business units.
The expansion project expects to cater to an additional 600,000 resident population.
The Noida Authority has set aside Rs 1,000 crore this year for land acquisition and internal development in New Noida — with considerations of the MoUs signed during the Uttar Pradesh Global Investors Summit (UP GIS 2023).
Focus Areas For The New Noida Region
According to the draft masterplan, New Noida will have dedicated areas for industries, offices, universities and residential purposes, the officials said.
The masterplan, which is being prepared by the School of Planning and Architecture — will include special economic zones for industrial units from the agriculture, food processing and FMCG sectors.
Additionally, the expansion is likely to have a logistics hub, knowledge centres, integrated townships and skill development centres.
The authority has earmarked 21,000 hectares of agricultural land across 86 villages in Bulandshahr and Gautam Budh Nagar districts.
Out of 21,000 hectares proposed for the project — 8,111 hectares will be reserved for industries, 2,000 hectares for residential projects, and 1,662 hectares for institutes including medical colleges and universities.
According to the Money Control report, the Noida Authority is assessing which development model would be best for New Noida.
“Whether to go with the licence model, as was done in Gurugram, or adopt the Noida-Greater Noida model, where the authority would have the entire land bank and accordingly allot plots to developers or industries, depending on the use of the land,” the official said.
Following earlier reports, the authority also plans to send a team of urban town planners to Gujarat and other states for studying development models and create a roadmap for the New Noida township.
For the process of land acquisition, officials have indicated that the process for the project will be through direct buying from farmers, avoiding the long process of implementing the Land Acquisition Act-2013.
This move is expected to speed up the land procurement process for the project.