There is good news for citizens of Greater Noida. The Uttar Pradesh Chief Minister Akhilesh Yadav is likely to launch at least five infrastructure projects of the city on December 11.
There is good news for citizens of Greater Noida. The Uttar Pradesh Chief Minister Akhilesh Yadav is likely to launch at least five infrastructure projects of the city on December 11 during his proposed visit to Noida. Greater Noida Industrial Development Authority (GNIDA) is leaving no stone unturned in putting the finishing touches to the multi-crore projects, which if the CM comes to Noida will be given the virtual nod from Noida Stadium.
According to GNIDA officials, the infrastructure projects, which have come at a cost of Rs 595 crores include 1950 affordable housing units, a bridge across Hindon, a 30-km cycle track, GNIDA office building and extension of the Vijay Singh Pathik sports complex. “We have started the work of putting the finishing touches to the project and are getting ready for the CM’s visit,” said Rajeev Tyagi, General Manager (Projects), GNIDA. “If the CM comes to Noida, these projects will be inaugurated from Noida Stadium otherwise they will get his nod from Lucknow,” Tyagi told TOI.
Tyagi further explained that while the sports complex has come at cost of Rs 117.60 crore, GNIDA office building of has cost the Authority Rs 325 crore. The 1950 affordable housing units located in sector 10 of the city has cost Rs 113.41 crore, while the bridge across Hindon is Rs 27 core and cycle track project has cost Rs 12.50 crore. “The stadium and cycle track have already been completed but have yet to be inaugurated formally,” he said. “The other two projects including the office building and housing units have been recently completed and are yet to be occupied. These will be opened to the public, once the CM inaugurates them formally,” he added.
According to real estate expert, the rapid development in civic infrastructure will boost city’s facilities and will give invitation to ample of potential buyers and investors. It will also attract reputed builders and developers of the country to launch new commercial as well as residential projects in the locality. Experts also believe that, now the locality real estate market will be driven by excellent connectivity to major cities and smooth infrastructure.