Noida authority on Wednesday said it has decided to launch mixed land use project on 97,000 sq metre of land, which will be named the ‘Noida district centre’, on the eve of Navratri.
The authority said the centre will have state-of-the-art art galleries, five-star hotels, clubs, a museum, convention centres, entertainment zones for children, an amphitheatre and premium shopping malls. The authority has proposed this project on a piece of prime land in Sector 94, located next to the Yamuna, on the Delhi-Noida border.
The Noida district centre will be developed on the lines of Gurgaon’s Cyber Hub. The mixed land use project, set to be developed on land worth Rs 1,500 crore, will house residential, commercial and institutional towers. It is also expected to bring food courts, office spaces, kiosks, libraries, banks and other business-related offices under one roof.
“The board has already approved this project and we have also prepared a business plan for the same. Hopefully, we will be able to launch it on the eve of Navratri. The authority will have architectural control over the land use in this project. A portion will be allotted to builders while an earmarked space will be developed by the authority itself,” Manoj Kumar Rai, officer on special duty, Noida authority, said.
The authority had come up with the concept for this project in July, this year. The project is now at an advanced stage and architects have also prepared a development plan.
Nearly 40% of the project will be developed by private developers and the remaining by the authority itself.
“The authority has prepared a layout plan of the entire area. Builders will have to work under the land use plans approved by the authority. The authority wants to promote this area and redefine the identity of Noida,” Rai said.
“The proposed district centre will offer multiple entertainment facilities for residents, who have to go to Delhi for cultural events. We want Noida’s cultural scene to become happening and it should offer multiple options for cultural events,” another official said.