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Monday, February 15, 2016

New township to adorn Uttar Pradesh realty map


Industrial townships are developed, not only to meet the growing demands of manufacturing sectors, which add up to the economic growth, but also create huge employment opportunities in the respective region besides boosting infrastructure and new residential settlements. These townships are self-sustainable where people enjoy all the basic amenities while residing closer to their workplaces.

Uttar Pradesh, which has several such industrial corridors to its credit, is all set to witness a world-class integrated industrial township coming up in Greater Noida as part of the much-awaited Delhi-Mumbai Industrial Corridor (DMIC) project.

Leading infrastructure and real estate developer Shapoorji Pallonji has been entrusted to complete the township with necessary infrastructure by 2018 at a bidding cost of Rs 426 crore. Coming up on the sprawling 335 hectares of land, the integrated township will be made on the lines of walk-to-work concept prevalent in developed nations.

Two development regions - Meerut-Muzaffarnagar Industrial area and Dadri-Noida-Ghaziabad Investment region have been planned in Uttar Pradesh as part of the 1483 km-long Delhi-Mumbai Industrial Corridor. The Integrated Industrial Township at Greater Noida is the first of the three early bird projects planned under DMIC. Other projects envisaged at Uttar Pradesh are Multi-modal Transport hub at Bodaki and Multi-modal Logistics hub at Dadri.

The Greater Noida Township is expected to bring in over Rs 30,000 crore of investments from the private sector besides providing over one million job opportunities.

The township, which is being set-up at Ecotech 11A, is likely to have a huge impact on the nearby areas such as Ghodi Bachheda village, Maincha village and along Eastern Peripheral Expressway in terms of infrastructure and real estate developments.

The Noida-Dadri-Ghaziabad Township, where electronics, information technology, food, auto and other small, medium and large enterprises will set up manufacturing units, is being built on the lines of self-sustainable industrial townships, according to a senior official from Greater Noida Industrial Development Authority (GNIDA).

The integrated industrial township is being designed with 51 per cent of land being reserved for industrial clusters, where a new concept of multi-storeyed set-up will be tried, while 11 per cent of the land will be taken up for residential purpose and 38 per cent of plots are being earmarked for institutional, commercial and green belts usage.

It may be recalled that the Uttar Pradesh Chief Minister Akhilesh Yadav had earlier initiated the township project in Greater Noida by laying the foundation stone, and emphasized his government’s keenness to develop an integrated industrial cluster on Eastern Dedicated Freight Corridor which, he said, would provide the much-needed fillip to the manufacturing sector and create new jobs in the state.

Ever since he came to power, the state has seen unprecedented growth with new industries coming up at various districts boosting the state’s economy, besides generating job opportunities and triggering infrastructure and real estate growth.

The DMIC, which connects all major industrial hubs in Delhi, Uttar Pradesh, Haryana, Madhya Pradesh, Maharashtra and Gujarat, aims to create world-class industrial settlements besides providing dedicated transport facilities for the fast movement of manufactured goods from Uttar Pradesh to various connecting states along the corridor up to Jawaharlal Nehru Port in Mumbai.

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