How Is Yeida Planning A Massive Yamuna Expressway Development?
Yeida or Yamuna Expressway Industrial Development Authority is a nodal or governing authority in planning and developing industrial, commercial, and infrastructural development along the Yamuna Expressway. The YEIDA is an authoritative body of the Uttar Pradesh government that ensures all the infrastructure goes intact within the given time. Under the Yeida, land from 6 districts, including Noida, Bulandshahar, Aligarh, Agra, Hathras, and Mathura, has been given to Yeida for the major development around the Yamuna expressway.
Yamuna Expressway is the 166 km wide expressway the UP government constructed to ensure a smooth run and provide round-the-clock connectivity between delhi and Agra.
The development around Yamuna Expressway to make Yamuna Expressway a growing commercial hub sandwich will boost overall productivity and ensure the growth of GDP of state contribution to the growth of the nation's economy.
Many developers have started showing interest in the Yamuna Expressway regions and coming up with their renowned real estate developments, such as Ace YXP and Gaur Yamuna City, which will change the dynamics of people traveling the region.
Key Projects Undertaken by YEDIA
Yeida is involved in some of the largest and milestone projects along the Yamuna Expressway region. Here are some of the developments going around the Yamuna Expressway.
Noida International Airport
One of the most ambitious projects of the Uttar Pradesh government, the development of Noida International Airport, is coming up under the purview of Yeida. The development of the international airport in Noida has fuelled the economic growth and the real rate of development in the region. The first phase's construction is in full swing, with an advanced and first flight scheduled to fly from the airport next year. The airport is being developed with a joint venture established with a Swiss firm. Once completed, it will become the second airport of NCR and reduce the burden from Delhi IGI Airport. The operational services and flight will commence in September 2024.
Medical Device Park
A medical park will be developed in Media Sector 28 along the Yamuna expressway. The upcoming medical device park will be developed on 350 acres of land and is said to become the first medical park. It will provide all the facilities to businesses and startups in the medical devices industry. Given the growth aspect of the industry and growing local demand, the medical park will address the concerns of Indian manufacturing but provide them with cost-effective testing and scientific facilities that will manufacture and provide research and development to the new testing facilities.
Upcoming Film City
The upcoming International Film City in Sector 21 on the Yamuna Expressway has been in the news. The distance to Noida International Airport is only 4 km. The government has identified and approved more than 4 million square meters of land. There are 3,03,514 square meters of land for commercial use and 6,27,263 square meters for industrial use in the first phase of 9,30,777 square meters. The Film City is poised to welcome an industrial ecosystem comprising pre-production and post-production facilities and production and filming studios. Top Bollywood production houses will set up their base in the upcoming film city, yielding a prime destination for the film, VFX, and other film domains' future productions. It will accelerate economic growth in the area by generating many new job opportunities in the region.
Logistics Park
At Tappal Bajna in YEIDA, a Multimodal Logistics Park (MMLP) facility is also being developed to improve the investment landscape by utilizing the area's current potential and fostering the region's economic development through significant industrial activities. With an estimated budget of 3500 crores, the MMLP is anticipated to occupy a land of 16,00,000 square meters and employ more than 1100 people. Strong rail and road transportation links, single-window services, value-added services, and facilities for customs clearance are all guaranteed by the MMLP. The MMLP is anticipated to have the potential to develop as a hub for storage and warehousing, given the freight profile and future industrial development potential of the proposed site. It will change the dynamics of the region's supply chain.
A New Residential Sector
The Jewar Airport will soon have a new residential area established by the YEIDA. For this purpose, 1100 hectares of land will be acquired by the YEIDA. The new sector, which will be near the Noida International Airport, will be called Sector 5. After the authority receives the land, housing societies and residential plots will be developed. The residents will have access to more than 2000 residential plots. The remaining land will be developed into housing societies.
Conclusion
Yeida is planning massive developments along the Yamuna Expressway and will continue to do so in the coming phases. The Yamuna Expressway developments will change the region's real estate dynamics and boost industrial development. If you want to invest in any of the plots or any other upcoming real estate development, you can reach us at 7053707070.
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