New Noida: Chicago-style city to come up near Noida, realtors rejoice over new township
The DNGIR will directly buy land from farmers. The city will be built in five phases and is expected to have a population of at least 6 lakh by 2041.
New Delhi: Noida and Greater Noida, the two satellite towns of national capital are quintessentially modern towns equipped with adequate infrastructure & social amenities. Now, a new town named ‘New Noida’ (Dadri-Noida-Ghaziabad Investment region – DNGIR) is set to get added on the map.
The Noida Development Authority, months after proposal, has approved the Master Plan 2041 for setting up ‘New Noida’, to be developed on lines of United States city Chicago.
The proposed New Noida city will be developed over 20,000 hectares land near Noida and will see land acquisition from 84 villages of Dadri & Bulandshahr, thus reshaping the destiny of these villages.
The DNGIR will directly buy land from farmers. The city will be built in five phases and is expected to have a population of at least 6 lakh by 2041. It will also have world-class connectivity with Eastern Peripheral Expressway, GT Road and Jewar airport, slated for operations from 2024 end.
Realtors betting big on new township
CREDAI NCR chief and Gaur Group CMD Manoj Gaur said that New Noida has been envisaged with a motive to create fresh & modern habitation centres with adequate social amenities.
As the existing townships in Delhi-NCR have reached their capacity, the new region will address the burgeoning demands of growing population and will create state-of-the art living centers.
A slew of developmental projects with major focus on industries, residential and commercial establishments have been planned under the New Noida masterplan.
Manoj Gaur says that this region will emerge as a realty hostpot in days to come and will see fresh unleashing of human potential, thus putting it on the same track as Noida & Greater Noida.
Why the need for New Noida?
Those in the knowhow of Noida say that about 90-95% of the land area has been allocated & under development.
Only those places adjoining the Noida-Greater Noida Expressway have vacant land patches, which will also be taken up in near course of time.
As the new Noida will have land parcels dedicated to industries, it would be apt to develop the region beyond Delhi-NCR. Also, this region will have some earmarked locations, where residential societies will be developed.
Amit Modi
County Group Director Amit Modi said the ‘New Noida’ township will turn out to be a gamechanger for the region. This will not only carve new areas of habitation but will also enable a new breed of workforce to be part of New Noida development story. The slew of educational institutions, residential colonies, offices & industries taking shape in this region will provide employment and means of livelihood to the growing population.
The imagination of ‘futuristic’ New Noida alone, is enough to infuse hope & excitement amongst developers and public alike.
“As the region’s masterplan has been approved by Uttar Pradesh government, it will see fruition in years to come. This will mark a new beginning and new age growth in the region,” he said.
Yash Miglani
Migsun Group MD Yash Miglani says that the upcoming New Noida project will open new avenues of realty growth in the state and will also give unprecedented boost to adjoining regions. As the land is being acquired from 84 villages for the new township, the real estate will discover a fresh ‘goldmine’ here.
The property & realty prices will start skyrocketing soon and home buyers along with developers will also strive for investment here. Residential & commercial properties will see exponential growth. By the end of year, when Noida International Airport takes off, this region will emerge as one of most coveted & sought after location by home buyers, investors as well as developers.
Sanjay Sharma
SKA group director Sanjay Sharma said the emerging township will boast of immense opportunities for realtors as well as buyers. The region see 360 degree development across all segments – residential, commercial & industrial.
He believes that the region holds immense possibilities for growth and it is waiting for that ‘trigger’ moment.
“Once the changes are visible on ground, it will have a cascading effect on property & asset building, prompting investors to make a beeline for here.”