In a strategic move, the Greater Noida Industrial Development Authority (GNIDA) has launched a plot scheme designed to foster industrial and IT development. This initiative seeks to establish Greater Noida as a vibrant center for various industries, which is expected to yield significant economic benefits and an increase in employment opportunities in the area. The available plots, located in prime residential zones of the city, range in size from 1,500 square meters to nearly 19,000 square meters.
The latest initiative by GNIDA has been structured to offer industrial plots at competitive prices, catering to the requirements of both MSMEs and large corporations. This scheme will emphasize essential sectors such as retail, commercial operations, warehousing, manufacturing, and logistics. Its objective is to provide appealing pricing and favorable conditions to entice emerging entrepreneurs as well as well-established businesses.
Commenting on the same, Neeraj Sharma, MD, Escon Infra Realtors, said, “Strategically located in the National Capital Region, Greater Noida is fast emerging as a lucrative destination for corporate and other businesses. The proximity of this area to major infrastructure projects, including Jewar International Airport, which is going to be the biggest airport in India, and the expansion of Delhi Metro and key expressways, will give it excellent connectivity and logistics. This shall help to gain access to the world markets and open new opportunities in different business fields.”
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The location of Greater Noida is strategic; hence, it makes this place all the more striking for business. It falls within the National Capital Region and thus is very close to major infrastructural projects, such as the Jewar International Airport, which will be one of the largest airports in India. It therefore gives industries a chance to connect with global markets in the best way.
Situated in the NCR, Greater Noida presents a strategic location at the center of one of India’s most economically vibrant areas. Its proximity to Delhi, the political and economic hub of the nation, enables businesses to directly engage with economic activities, business networks, and significant markets both within the NCR and across the country.
The much-anticipated Jewar International Airport will rank among the largest in India and is set to change the game for the region, promising much-improved national and international connectivity, better logistics for industries dependent on air cargo, and a boost in business opportunities across sectors like hospitality and real estate. Further work on the Delhi Metro will also extend the connectivity of Greater Noida through major expressways like the Yamuna Expressway and the Noida-Greater Noida Expressway by reducing travel time. In addition to the well-planned industrial and business parks, quality residential and commercial facilities will further make Greater Noida a very attractive destination for investment and growth, hence fast-tracking its emergence as a key hub across industries.
The Greater Noida initiative is poised to significantly impact various sectors by offering industrial plots at competitive prices. This scheme is particularly beneficial for the manufacturing sector, which often requires expansive areas for its operations. It is expected to attract businesses looking to establish or expand their facilities, thereby enhancing production capabilities and fortifying the industrial foundation of the region. Consequently, this initiative provides an excellent opportunity to develop technology parks and innovation hubs on the available plots, capitalizing on Greater Noida’s robust connectivity and infrastructure to support technology firms.
Additionally, the warehousing and logistics sectors will benefit, as designated plots will address the increasing demand for efficient storage and distribution solutions driven by e-commerce and global trade. Moreover, the growth of retail and commercial enterprises will stimulate economic activities and increase foot traffic, facilitating the development of shopping complexes, office spaces, and business centers that will further enhance the region’s commercial landscape.
Saurav Sharma, Sales Director, Trisol RED, said, “This new plot scheme will bring a sea-change in the employment pattern of Greater Noida. As the companies get established and expand, jobs will multiply in large numbers, especially in the IT, logistics, and manufacturing sectors. This would help people from other cities find employment, therefore increasing economic activities in the region. Greater Noida is set to become a major business hub, driving growth across multiple sectors.”
Furthermore, the economic impact will not be limited to Greater Noida alone; rather, it will extend throughout the entire NCR region. Indeed, the expansion of industries and the resulting job creation will foster economic development, enhance consumption, and undoubtedly propel the region’s economy towards becoming a competitive business hub.
Dr. Amish Bhutani, MD, Group 108, said, “Yamuna Expressway is seeing a massive transformation, and with the upcoming Noida International Airport, Greater Noida is set to become a premier investment option. The strategic sale of residential and commercial plots within this area promises high returns, laying the groundwork for an era of expansive infrastructure and world-class development prospects. This is a golden opportunity for investors to seize upon the rising demand, positioning themselves at the forefront of a growing commercial sector in the region.”
The new plot scheme introduced by GNIDA in Greater Noida, thus, is poised to initiate a transformative phase in the region’s industrial and economic landscape. This initiative, which emphasizes affordability and offers sector-specific incentives, is expected to draw a diverse array of businesses, generate employment opportunities, and enhance the overall economic prosperity of the area. Given its strategic positioning and robust infrastructure, Greater Noida is well-positioned to become a prominent business hub, fostering growth and advancement across multiple sectors. This initiative represents a significant stride towards a thriving economy, as the combination of affordability and targeted benefits is likely to attract a wide spectrum of enterprises that will contribute to job creation.