May 27, 2024: The Yamuna Expressway Industrial Development Authority (Yeida) will acquire 6,000 hectare of agricultural land to develop a city near the Noida International Airport along the Yamuna Expressway, according to media reports. Yeida said demand for residential, commercial institutional and other types of land has increased as the Noida airport is set to become operational by the end of 2024. Yeida has earmarked Rs 14,000 crore to acquire 6,065 hectare of land in the next two years.
As cited in a Hindustan Times report, Arun Vir Singh, chief executive officer of Yeida, said “We aim to spend around Rs 63,500 crore to develop basic civic services including roads, sewers, parks and electricity so that the urban centre on 6,000 hectare of land can be developed. We will acquire land from 40 villages through different methods including direct purchase from farmers and also by using the Act 2013.”
According to Yeida, the land will be used to set up new sectors, civic amenities and industrial cities. Of the total 6,065 hectare of land, 1,609 hectare will be purchased directly from farmers through mutual agreement, 4,076 hectare will be acquired through the land acquisition process and 380 hectare will be reclaimed as this is government land.
Yeida will acquire land from 40 villages including Rabupura (994 hectare), Tirthali (479 hectare), Karauli Bangar (250 hectare), Muradgarhi (336 hectare), Tappal-Bajna (771 hectare), Mudrah (290 hectare) and Kallupura (218 hectare), Mayana (252 hectare), among others.
The land will be used to set up new sectors including 5, 6, 7, 8, 9, 10 and 11, besides acquiring the remaining areas for sectors 22E, 28, 29, 32 and 33.
Besides this, 712 hectare will be acquired for the Tappal-Bajna Urban Centre and 528 hectare in two villages (Dorpuri and Syarol) villages for a logistic park. The process to acquire land from four out of six villages is already under process in Sector 10 and the proposals for acquiring land in Tappal-Bajna and for sectors 5,6, 7 and 8 have been sent to the government, Yeida officials said as mentioned in the report.
The state government issued a notification in March to acquire land to develop Industrial Sector 10. Five industrial parks, including an electronics manufacturing park, will be developed here.
Fintech City is proposed in Sector 11 while Japanese City will be developed in Sector 5. Yeida has designated Sector 5A for the Japanese city and Sector 4A for the Korean city. For the Japanese city, 395 hectare of land will be acquired and for the Korean city, 365 hectare will be required.
With respect to funds, Yeida has received around Rs 3,300 crore in interest-free loans so far for carrying out the land acquisition process. Yeida has decided to contribute its share from profits earned over the next few years, revenue generated from various plot schemes and loans from banks to complete the land acquisition process.
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