Yamuna Expressway is Good Investing Option In India

Yamuna Expressway has emerged as a first choice of investors across the globe. With various brands, industries, Noida International Airport, Yamuna Expressway is the most lucrative destination for investment.

First Leather Merchandise Hub of Western UP

YEIDA has agreed to provide 100 acres of land in sector 28 for setting up a leather merchandise manufacturing park cum hub of this region.

The proposed leather merchandise manufacturing park will involve bags, footwear, apparel, accessories, etc. 

The leather merchandise manufacturing park has all the latest amenities, a design center, a convention center, and many more.

 

Noida Greenfield International Airport

Noida Greenfield International Airport is proposed to be developed near Jewar Town, on Yamuna Expressway, located in the district of Gautam Buddha Nagar, Uttar Pradesh. 

The Yamuna Expressway Industrial Development Authority will manage the implementation process on behalf of the Government of Uttar Pradesh. Yamuna Expressway Authority Plots 

The state government of Uttar Pradesh has also constituted a nodal agency Noida International Airport Limited (NIAL) for monitoring the airport development.

Noida International Airport will be developed by Swiss developer Zurich International Airport AG. 

Preparatory work of leveling the land for the construction of boundary walls around Noida international airport has already been initiated.

Jewar Airport seeks aviation turbine fuel Tax break from UP government. The price of Aviation Turbine Fuel plays a prominent role in attracting carriers. Noida International Airport has sought a tax exemption on jet fuel from Uttar Pradesh Government. ATF accounts for over 40% of airlines’ total operating expenses. Lower fuel prices mean cheaper fare and more traffic.

 

Apparel Park( Yamuna Expressway Authority Plots)

Apparel Park is located at sector-29 on Yamuna Expressway next to the Noida International Airport. YEIDA has allotted 150 acres of land to establish apparel production and export units. Equipped with all high-end infrastructure and modern amenities, the Apparel Park is expected to provide employment as well as an additional foreign exchange. 

Electric Vehicle Park

Yamuna Expressway Development Authority is going to develop Electric Vehicle Park over an area of 100 acres in sector 28. The location will be known as EV City. This area is earmarked for manufacturing parts of electronic passenger vehicles, batteries required for e-rickshaw, e bicycles, etc.

 

Upcoming Noida International Airport on Yamuna Expressway to be connected with Delhi-Mumbai Expressway

The National Highway Authority Of India has granted in-principal approval for connecting Noida International Airport with Delhi Mumbai Expressway. The connectivity from Noida International Airport to IGI Airport Delhi will also be available via this route that will reduce the travel time from IGI airport to Noida Airport by one and a half hours.

Approval of 1000 acre Film City Project along Yamuna Expressway 

The U.P. State government has approved the proposal for setting up Film City in sector-21 along Yamuna Expressway in Gautam Buddh Nagar.

Land identified for film city, the proposal is sent to UP Govt. by Yamuna Expressway Industrial Development Authority

A land parcel of 1000 acres has been identified in sector-21 along the Yamuna Expressway, near the upcoming Jewar International airport to set up the biggest film city in Gautam Buddha Nagar. The said location is well connected to Eastern Peripheral and Jewar airport.

Yamuna Expressway Industrial Development Authority has sent a proposal to the UP Government.

The proposed project of film city will be a milestone and help to generate revenue and more than 15000 jobs.

Film City’s development process has gained momentum recently. The Film City design will be themed in Hollywood. The government has approved the Detailed Project Report of the Film City to be built on the Public-Private Partnership model. The bid documents will be prepared in the next three weeks, after that global tender will be issued. It is expected that the construction of Film City will commence in January 2022.

 

What decisions were taken in this board meeting?

  • One-time settlement scheme (OTS) With this decision, about 32 thousand outstanding allottees of residential, commercial, institutional, industrial, mixed plots, and 7 percent population plots of the authority have got relief. Penalty and penal interest (interest on interest) imposed on these defaulters have been waived off. Now simple interest will be charged from all these allottees on the premium amount. This scheme will come into effect from October 1, 2021
  • The layout plan of Sector-21 for Film City has been revised.
  • Approval to issue a work order to DMRC for preparation of DPR for connectivity of Airport Metro Project from Knowledge Park to Jewar Airport in Greater Noida.
  • Preparation of feasibility study of Metro Project from Knowledge Park in Greater Noida to New Delhi 
  • The decision to implement the Swamitva scheme to survey the population of the villages under it. 
  • Presented the progress report of Jewar Airport, Airport Metro, Film City, Pod Taxi 
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