Noida Authority gives nod to Rs 4,500-crore budget

Noida Authority gives nod to Rs 4,500-crore budget for city 2021

NOIDA: The Noida Authority on Friday approved a budget of Rs 4,500 crore for the fiscal year 2021-22. this is often but last year’s allocation of Rs 5,278 crore. While Rs 1,084 crore are going to be given as Noida’s share for the upcoming Jewar airport, projects just like the heliport in Sector 151, New Noida and a world-class data centre were also approved at the Authority’s 202nd committee meeting .
“We have cleared the budget of Rs 4,500 crore for the present fiscal year . we’ve put aside Rs 1,084 crore as our share for the Jewar airport project. This expenditure are going to be done as and when required,” said Ritu Maheshwari, CEO of the Noida Authority. In fact, the Jewar airport project is borne with 37.5% shareholding of all three authorities — YEIDA, GNIDA and therefore the Noida Authority. during this context, the Noida Authority has thus far released Rs 1,650 crore. While a 20% increase in land rates of commercial and institutional areas in phase II clinical trial was proposed, the board also recommended that the IT and ITES plot rates within the institutional area of phase III clinical trial be brought on par with those within the industrial areas of the phase. The board also decided to implement land pooling policy to market industrial development within the state. Under the policy approved in September 2020, the government aims to form land owners a participant within the process of development.
Moreover, as against the supply of cancelling residential plot allotment for non-execution of lease documents post three years of the said allotment, a final reprieve has been given by the board to all or any such allottees till July 27, 2021. Post that, their allotment are going to be cancelled.

The Noida board further approved the hiring of consultant Rites Ltd to organize the detailed project report of the proposed heliport in Sector 151A. this may be sent to the government for approval. The said heliport is proposed with an aim to extend connectivity with not only the states of Uttarakhand, Himachal Pradesh, J&K, Rajasthan, Madhya Pradesh, Punjab and Haryana, but also with Delhi’s IGI airport and therefore the upcoming airport in Jewar.
The board also gave its nod to the hiring of the varsity of designing and Architecture in Delhi as a consultant to organize a plan for brand spanking new Noida, a project that might come up across 80 villages between Dadri and Khurja in Bulandshahr within the Delhi-Noida-Ghaziabad Investment Region.
“For this, the board approved the appointment of the consultant for preparing the detailed project report,” said Maheshwari.
The Authority was also given the go-ahead to adopt the Uttar Pradesh Data Centre Policy 2021 in Noida.
The said policy was proposed by the govt in January this year for building a world class data centre so on attract global and Indian investors.
Further, the board approved two compressed biogas plants for Noida to affect its wet waste issues. “With a view to extend its wet waste processing capacity and utilise the source of energy and green fuel from waste disposal, two compressed biogas plants of 200 MT per day capacity are to be found out with funding from the Union ministry of petroleum and gas for a period of 15 years,” a politician said.
The Noida board also approved 4.5 floor area ratio (FAR) of select metro stations and allowed the utilization of metro footprint area for business activity . Post objections and suggestions invited on the move, an equivalent are going to be sent to the government for approval.

The renaming of the shooting gallery at Noida stadium in Sector 21A was also approved by the board. The shooting gallery will henceforth be named as Chandro Tomar shooting gallery Noida after acclaimed national champion. The move comes following chief minister Yogi Adityanath’s approval earlier in the week . TOI had earlier reported that the demand was raised by Jewar MLA Dhirendra Singh.

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