Master plan for setting up a new city in UP gets approval, modern city to be built on the land of 40 villages

Greater Noida Phase II Project: Both Noida and Greater Noida are known as the industrial hubs of Uttar Pradesh. Many foreign companies have set up their plants in both the cities. As soon as we call these two lions, such a picture emerges. Where there is modern infrastructure, wide roads and excellent connectivity are seen. 

Now preparations are being made for another big change in this city. Under Greater Noida Phase 2, a new city will be developed on the land of 40 villages. This project will not only develop this area but will also give a new direction to the Delhi NCR real estate sector.

Greater Noida Phase 2 has been approved. Under this, 144 villages will be developed. The Chief Town and Country Planner of the UP government has approved the master plan of Greater Noida Phase-2. Under this project, Greater Noida Phase-2 will be developed on 55,970 hectares of land. 

This new city will be developed from Gautam Buddha Nagar to Gulavathi in Bulandshahr. Under the master plan project, 144 villages of Gautam Buddha Nagar, Bulandshahr, Hapur and Dhaulana have been identified.

The highlights of the master plan

Residential project: Under the master plan, 17.40 percent of the total land has been reserved for residential schemes. New residential projects will be developed here
Business and Shopping Hub: 4.8 per cent of the total land of the project has been earmarked for business hub and shopping centre.
Industrial Development: Maximum 25.4% of land has been reserved for industrial projects, which will promote industrial development.
Educational Institutions: 10.4% of the land will be used for major educational institutions like universities, medical colleges, engineering colleges etc.
Transportation network: 13.2% of land is reserved for transportation facilities, including key projects such as metro and high-speed train.
Environmental Protection: 22.5% of the land has been reserved for green area, so that environmental protection can be given priority.
Greater Noida Authority CEO Ravi Kumar NG said that after passing the master plan in the village board meeting, it has now got the approval of the Chief Town Planner of UP. Now it will be sent to the Uttar Pradesh Cabinet and Delhi-NCR Planning Board for final approval. The implementation of the master plan will give impetus to industrial and other development projects in Greater Noida Phase-2, which will ensure the overall development of the area. 

What the ceo said 

CEO Ravi Kumar NG As the city is expanding, the demand for real estate is also increasing rapidly. Due to new facilities, better connectivity and smart infrastructure, this area can prove to be a golden opportunity for investors. 

The facilities to be developed in Greater Noida Phase 2 under this scheme will make it one of the most attractive investment destinations in Delhi-NCR.

The expansion of the metro will strengthen connectivity

CREDAI NCR President Manoj Gaur says that this extension of the metro in Ghaziabad will further strengthen the city's connectivity. Due to this, people working in Delhi and NCR will be able to choose to commute here easily. 

Due to better connectivity, real estate investment opportunities in Ghaziabad will increase, making this area even more attractive for buyers and investors. This new extension of the metro will bring a big change in the real estate sector of Ghaziabad. 

This step will not only bring stability in property prices, but will also increase the demand for property in those areas where there was less transportation facility earlier. Due to better connectivity with the metro, projects will get a new life and investors will also show interest in these areas rapidly.

Positive changes will come in both residential and commercial sectors

Pawan Sharma, MD of Trisol Red, says that the metro expansion will give a new identity to the real estate sector of Ghaziabad. This will bring positive changes in both residential and commercial sectors. Especially in those areas where the metro has not reached till now, the demand for property will increase and this area will become even more attractive for investors.

Amit Modi, Director, County Group says that the expansion of Greater Noida Phase 2 will bring a new boom in the real estate market of this region. Due to better connectivity and infrastructure, this will be the right time for investors to buy property here.

Delhi NCR will become the most attractive destination for investment

Sanjay Sharma, Director of SKA Group, says that the expansion of Greater Noida Phase 2 will turn this area into the most attractive investment destination in Delhi-NCR. Smart infrastructure and green zone facilities will attract investors here. 

Yamuna Expressway and Noida-Greater Noida Expressway are already attracting investors and home buyers. The coming time will be even better for the real estate sector.

Demand for property will increase

Yash Miglani, MD of Migson Group, says that this development will create new opportunities in the real estate market here not only in residential but also in commercial properties. In the coming time, this area will become an important investment center for both residential and commercial properties around Delhi.

Pawan Sharma, MD of Trisol Red, says that the metro expansion will give a new identity to the real estate sector of Ghaziabad. This will bring positive changes in both residential and commercial sectors. 

Especially in those areas where the metro has not reached till now, the demand for property will increase and this area will become even more attractive for investors.