Greater Noida Phase II to boost development activities

Published: January 10, 2009

If implemented, the Greater Noida Phase-II will impart a new momentum to the development of the zone. Akash Vashishtha takes a look on the current status, the opportunities and future of the region The state government’s plan of setting up Greater Noida Phase-II is expected to boost the already high industrial character of Greater Noida in a big way. After the government cleared the proposal of Greater Noida-II, the plan is now pending approval with the NCR Planning Board. The government has also issued notification in this regard in early July, last year.

The big plan
The Greater Noida Industrial Development Authority (GNIDA) is reportedly conducting satellite surveillance of the whole area, the work of which has been contracted to a Hyderabad based government undertaking. According to GNIDA officials, the project is being designed by IIT Roorkee. After the project is cleared by the NCR Planning Board, the authority will start the process of land acquisitions. A Special Economic Zone (SEZ) is also being planned on about 1000 hectares of land in the area. According to a senior GNIDA official, while finalizing the Master Plan for Greater Noida Phase-II, the defects in the plans of Noida and Greater Noida will be corrected and an over-hauled master plan would be ready soon. To link Noida and Greater Noida with Greater Noida Phase-II, the authority has planned three railway overbridges. The locations of these bridges would be finalized at the time of framing of the master plan.

Areas under Phase-II
The Greater Noida Phase-II plan includes up to 189 villages of Gautam Budh Nagar, Bulandshahr and Ghaziabad districts. Vandana Tripathi, sub-divisional magistrate of Sikandrabad, of which sixteen villages have been notified under the Phase-II, says: “The circle rates of the area have increased in the wake of such a plan. The land of this region is very valuable for industrial organizations. Besides, connectivity with the NCR is further fueling the land and property prices in Greater Noida. The whole project will boost the economic status of the region.” About the SEZ proposal, she says: “Greater Noida Phase-II might be developed in SEZ purview. The authority is still collecting database of the region.”

Sikandrabad - High and Rising
Atar Singh Bhati, a local inhabitant and part time property dealer, says: “A lot of industrial activity could be witnessed in this region. And, many industries are coming to set up their plants here in Sikandrabad.” While the town has about 100 medium and small scale industries (SSIs), some of the big units, which grace the Sikandrabad’s industrial area include Kajaria Ceramics, Orient Ceramics, Suraj Vanaspati, Hi-Tech Pipes, Bihar Tube-Pipes, Jagatjit, IPL and Hindustan Lever Limited. Local villagers reveal that the Tata Group is also planning to set up a huge plant in the Sikandrabad area. The Eastern Peripheral Expressway is also expected to touch Sikandrabad, enhancing the development of the whole region.

Land rates
While agricultural land in and around Sikandrabad, which would fall under the Phase-II project, is hovering around Rs 500-600 per sq yd, the rates fixed for the industrial land range from Rs 3000-3500/sq yd. However, according to local villagers, the land sold to the private developers is kept at a much higher price, usually between Rs 1200-1400 per sq yd. The reason being - the builders are always willing to buy land at a higher price and the farmers too expect a good return out of their agricultural land. The land in other stretches of the Greater Noida Phase-II has, roughly, similar land tariffs.

Source: The Times Of India

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3 Comments so far

  1. kube October 12, 2010 12:57 pm

    nice informations about property good keep it up
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  2. Rashmi November 30, 2011 4:21 pm

    The Greater Noida Industrial Development Authority (GNIDA) has hiked the prices of properties as a result of the hike in land compensation for farmers which means new buyers will pay more…Amidst all this Noida has been in the limelight as a property destination that lucrative and has ample of options.

  3. Resale Flats in Greater Noida July 13, 2012 12:56 pm

    thanks very much for this great post!

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