Noida Authority Gets 1.03 Lakh Crore Investment Commitment After Selling 149 Plots in FY24

Good news looms large for Noida Authority as it attracts investment commitment of Rs. 1.03 crores after selling 149 plots in FY24. The plots were allotted to housing, IT/ITES, industrial, and commercial sectors. Out of 149 land parcels, 37 were allotted in the information technology sector, 12 in the commercial segment, 11 were group housing plots and 89 land parcels in the industrial category.

Some of the major companies that were allotted land by the Authority include County Group, Godrej Properties, Max Estates, IKEA, Uflex, Dixon and Experion Developers, among others.

The Noida officials said to the media that they are targeting for the financial year to get investment commitments of Rs 90,000 crore. The Authority has received various investment proposals in FY24 and compiled a report on the same which has been sent to the Uttar Pradesh government. According to the officials, the state government plans to hold a groundbreaking ceremony soon to officially launch these projects.