The Yamuna Expressway Industrial Development Authority (YEIDA) has exciting plans in store for the area around the upcoming Noida International Airport in Jewar. They aim to create four new sectors close to the airport, with three for mixed land use and one for residential purposes.
Arun Vir Singh, the CEO of YEIDA, highlighted that with the Jewar airport on the horizon and good connectivity in the region, they anticipate increased interest from people looking to invest and live in the area. To accommodate this demand, the authority plans to develop the four sectors. They aim to acquire a land bank of 4,000 to 5,000 hectares by June 2024 for various projects, including residential, warehousing, logistics, electronics, and industrial ventures.
The four sectors will be named sector 5 (residential), 6, 7, and 8. The authority has already sent a proposal to the government for the development of these new sectors and land acquisition. In particular, they plan to allocate about 1,100 hectares for the residential sector, where 50 percent of the land will be earmarked for 2,000 housing plots, and the remaining land will be used for developing group housing societies.
Due to the overwhelming response to their recent residential plot scheme, YEIDA is eager to capitalize on its success and intends to launch another scheme for residential plots by February. Additionally, YEIDA is actively working on improving connectivity around the Noida International Airport. They plan to establish a direct link between the Yamuna Expressway and Chola Railway Station in Bulandshahr district.
Exciting transportation plans are also in the pipeline, including connecting the Noida International Airport with Greater Noida through a pod taxi service and establishing direct links with the Indira Gandhi International Airport in New Delhi through metro and rapid rail services.
In summary, YEIDA’s efforts are geared towards making the region around the Jewar airport a hub for various developments, offering a mix of residential and industrial projects, and enhancing connectivity to facilitate ease of travel.