Greater Noida authority plans industrial plot scheme to cash in on airport

Senior IAS officer Alkesh Kumar Sharma, the CEO and managing director of the Delhi-Mumbai Industrial Corridor (DMIC) Development Corporation and Panda discussed issues pertaining to the dedicated industrial township, multimodal transport and logistics hubs at the board meeting held in Greater Noida on Thursday.

Integrated Industrial Township Greater Noida (IITG) Limited is planning to float an industrial plot scheme soon, following the recent approvals for an international airport in Jewar.

The township is spread over 335 hectares and is being developed by Mumbai-based developer Shapoorji Pallonji. The township is located around 40km from the site identified for the airport. (Burhaan Kinu/HT representational photo)

IITG Limited is a special body that was formed to develop a dedicated township under the Delhi-Mumbai Industrial Corridor, along the rail route from Maicha in Greater Noida to Jawaharlal Nehru Port in Mumbai.

The township is spread over 335 hectares and is being developed by Mumbai-based developer Shapoorji Pallonji. The township is located around 40km from the site identified for the airport.

“We are planning to organise an investor’s summit to interact with interested investors, corporate houses and developers. Now, we have an additional advantage after the Centre gave the green signal for Jewar airport, as air connectivity is a major factor for corporates. We are in the process of floating an industrial plot scheme in this township soon,” said Debasish Panda, chief executive officer of the Greater Noida authority. Panda is also the managing director of IITG Limited.

Senior IAS officer Alkesh Kumar Sharma, the CEO and managing director of the Delhi-Mumbai Industrial Corridor (DMIC) Development Corporation and Panda discussed issues pertaining to the dedicated industrial township, multimodal transport and logistics hubs at the board meeting held in Greater Noida on Thursday.

On September 12, 2016, officials had discussed land rates but they are yet to be finalised.

For industrial plots, the board proposed to charge Rs7,000-Rs10,790 per square metre. For commercial plot, meant for shopping malls and hotels, a rate of Rs65,000 per sq m was proposed. IT plots were proposed to be sold at Rs20,000 per sqm.

For group housing plots, a rate of Rs28,230 per sq m was proposed and for economic weaker section (EWS) plot, a rate of Rs26,400 per sq m was proposed.

“Along with industrial plots, we have got land under commercial, residential and group housing use so that professionals and top executives who work in industries can stay inside the dedicated township,” an official said.

“We have also reviewed the progress on utilities and discussed how we will provide adequate power, water and other required facilities,” said Panda.

Background:

40.78 hectares of the township’s total area of 335 hectares is to be reserved for a green belt. The industrial township being developed along the Howrah railway line is to have six dedicated ambient air quality monitoring stations to provide instant updates on air pollution.

The DMIC, which comprises large industrial townships, is being developed along a 1,483km rail route from Maicha in Greater Noida to Jawaharlal Nehru Port in Mumbai.

Officials expect the project to attract Rs33,000 crore in investment and create jobs for thousands.