Boosting Greater Noida's Real Estate: YEIDA's Ambitious Plan
Jewar Airport: A Catalyst for Growth
A planned air terminal, Jewar Airport, is set to transform the landscape of Jewar, situated in the Gautam Budh Nagar region of Uttar Pradesh. The Yamuna Expressway Industrial Development Authority (YEIDA), acting on behalf of the Uttar Pradesh State Government, will oversee this project.
A Business Hub in the Making: Sector 29, Greater Noida
To counter the real estate slowdown in Greater Noida, YEIDA has envisioned a business epicentre in Sector 29, proximate to the forthcoming Jewar International Airport. This project will encompass:
- Lavish Handicrafts Park: Showcasing local artisans' work
- Expo Mart: A hub for trade and commerce
- 200-Acre Textile Hub: Revitalizing the ailing garment industry
- 300 Commercial Complexes: Attracting investment worth Rs 3,000 crore
Empowering Small and Medium Enterprises (MSMEs)
YEIDA has allocated 300 acres in Sector 29 for an MSME Shopping Complex, providing a retail platform for small-scale units to display their products. The project is slated for completion in 2020, with tenders expected to be floated soon.
Skilling the Future
Additionally, YEIDA plans to establish a 2.4-acre Skill Development Center, offering vocational courses, industrial training, and diploma certificates to students. These initiatives are poised to not only generate new job opportunities but also enhance the real estate landscape in Noida and Greater Noida.