Greater Noida to get four new Industrial Sectors Soon

Greater Noida

Greater Noida in Uttar Pradesh state is likely to get four new industrial sectors and also these areas will be developed in 1500 acres. The decision to add new sectors is planned and proposed by GNIDA i.e the Greater Noida Industrial Development Authority in the meeting that was held recently.

The authority will set up camps in Imaliyaka, Sunpura, Dhum Manikpur Kailashpur villages to have a talk with farmers after which the first phase of development will be initiated.

In the meeting, it was also decided that the one-time settlement will also be introduced for the plot owners to whom notice has been issued for a delay in construction. From February 2016, the Greater Noida authority is charging 4-12% of the plot value from allottees and all these people have left their respective land parcel vacant for over 36 months after signing lease deeds.

Narendra Bhooshan, GNIDA chief executive officer said, that the plot owners will be offered a 50% rebate on the penalty amount they owe to the GNIDA. The extension of the reschedulement policy is also on the cards. The decision is also taken to encash advantage of the stressed fund for last-mile funding as declared by the finance ministry recently.

A committee will be formulated to check if the existing allotment rates across the four zones in Greater Noida need to be changed or not.