The Future City with a Promise of Growth and Connectivity

In a major push for infrastructure and real estate expansion, the Uttar Pradesh government has given the green light for a brand-new city development near Greater Noida, to be called “New Noida.” This ambitious project is expected to create a significant real estate and infrastructure boom in the National Capital Region (NCR), sparking excitement among investors, developers, and residents alike. According to reports from Mint, the New Noida project is slated to be developed over the next 15 years, progressing in a series of phases.

New Noida to Unfold in Four Phases

Focused around the areas of Dadri, Noida, and Ghaziabad, the New Noida project is under the guidance of the Noida Authority, which will oversee the acquisition of land from villages in Gautam Buddha Nagar and Bulandshahr districts. The development plan outlines a four-phase strategy, with the first phase anticipated to complete within the next four years. An estimated six lakh (600,000) residential units are expected to be built, setting a new benchmark for urban housing in the region.

What Facilities Will New Noida Offer?

The vision for New Noida encompasses more than just housing. This future city will feature a mix of industrial hubs, logistics centers, commercial offices, and healthcare facilities, creating a vibrant urban ecosystem. An industrial township is also part of the plan, which will cater to the needs of workers, providing affordable housing and essential amenities. Additionally, the project includes ambitious elements like an Olympic City and plans for a Korean City and Japanese City, designed to serve as prominent industrial zones, enhancing New Noida’s appeal to international investors and businesses.

Implications for NCR’s Real Estate Market

The launch of New Noida, combined with the ongoing construction of Noida International Airport in Jewar, has reignited interest in property investments along the Yamuna Expressway and surrounding areas. Reports suggest that large-scale land acquisitions are underway, leading to significant rises in property values. In Noida alone, property prices have surged by 20-25% over the last two to three years. Experts predict that New Noida’s development could influence Greater Noida’s real estate market more directly, positioning New Noida as an attractive destination for both companies and investors compared to its older counterpart.

As the phases unfold, New Noida is set to become a transformative force within the NCR, reshaping the urban landscape and propelling the region into a new era of growth and connectivity.