Driving Business Growth: How Greater Noida’s New Subdivision Plan Shapes the Future – Money News

In a strategic move, the Greater Noida Industrial Development Authority (GNIDA) has launched a plot scheme to support industrial and IT development. The initiative aims to establish Greater Noida as a vibrant hub for various industries, which is expected to bring significant economic benefits and increase employment opportunities in the area. The available plots, located in the city’s prime residential areas, range in size from 1,500 square metres to almost 19,000 square metres.

The latest initiative by GNIDA has been structured to offer industrial plots at competitive prices, meeting the requirements of both SMEs and large corporations. This program will focus on key sectors such as retail, commercial, warehousing, manufacturing and logistics. It aims to provide attractive prices and favourable terms to attract budding entrepreneurs as well as 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 location for corporates and other businesses. The area’s proximity to major infrastructure projects, including Jewar International Airport, which will be the largest airport in India, and the expansion of Delhi Metro and key expressways will provide it with excellent connectivity and logistics. This will help it access global markets and open up new opportunities in various fields of business.”

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The location of Greater Noida is strategic; hence, it makes it even more attractive for business. It is located in the National Capital Region and hence is very close to major infrastructure projects like Jewar International Airport, which will be one of the largest airports in India. This gives industries a chance to connect with the global markets in the best way.

Situated in NCR, Greater Noida presents a strategic location at the heart of one of the most dynamic economic areas of India. Its proximity to Delhi, the political and economic hub of the country, enables companies to directly engage in business activities, business networks and significant markets both in NCR and across the country.

The much-awaited Jewar International Airport will be one of the largest in India and is set to be a game-changer for the region, promising much-improved domestic and international connectivity, better logistics for industries dependent on air cargo and increased business opportunities in sectors like hospitality and real estate. Further work on the Delhi Metro will also expand the connectivity of Greater Noida via major expressways like the Yamuna Expressway and the Noida-Greater Noida Expressway, reducing travel time. Apart from well-planned industrial and business parks, high-quality residential and commercial facilities will further make Greater Noida a very attractive destination for investment and growth, thereby accelerating its emergence as a key hub in various industries.

The Greater Noida initiative is expected to significantly impact various sectors by offering industrial plots at competitive prices. This scheme is particularly beneficial for the manufacturing sector, which often requires large areas to operate. It is expected to attract companies looking to set up or expand their plants, thereby increasing manufacturing capacity and strengthening the industrial foundation of the region. As such, this initiative provides a great opportunity to develop technology parks and innovation hubs on available plots, leveraging the strong connectivity and infrastructure of Greater Noida to support technology companies.

Additionally, the warehousing and logistics sector will benefit as the designated land will meet the growing demand for efficient warehousing and distribution solutions driven by e-commerce and global trade. In addition, the growth of retail and commercial enterprises will stimulate economic activity and increase foot traffic, facilitating the development of retail complexes, office space and business centers that will further enhance the region’s commercial landscape.

Saurav Sharma, Chief Sales Officer, Trisol RED, said, “This new master plan will bring a radical change in the employment structure in Greater Noida. As businesses grow and expand, job opportunities will multiply in large numbers, especially in the IT, logistics and manufacturing sectors. This would help people from other cities get employment, thereby increasing economic activity in the region. Greater Noida is set to emerge as a major business hub, driving growth in multiple sectors.”

Moreover, the economic impact will not be limited to Greater Noida alone; rather, it will extend to the entire NCR region. Indeed, the expansion of industries and the resulting job creation will encourage economic growth, increase consumption and undoubtedly propel the region’s economy towards becoming a competitive business hub.

Dr. Amish Bhutani, MD, Group 108, said, “The Yamuna Expressway is undergoing a massive transformation and with the upcoming Noida International Airport, Greater Noida is set to emerge as a prime investment option. Strategic sale of residential and commercial plots in this area promises high returns, laying the foundation for an era of extensive infrastructure and world-class development prospects. This is a great opportunity for investors to tap into the growing demand, positioning themselves at the forefront of the growing commercial sector in the region.”

The new plot scheme introduced by GNIDA in Greater Noida is thus poised to usher in a transformational phase in the industrial and economic landscape of the region. This initiative, which emphasizes on affordability and offers sector-specific incentives, is expected to attract a diverse range of businesses, generate employment opportunities and enhance the overall economic prosperity of the region. Given its strategic positioning and robust infrastructure, Greater Noida is well-positioned to emerge as a prominent business hub, fostering growth and development across sectors. This initiative is a significant step towards a thriving economy as the combination of affordability and targeted benefits is likely to attract a wide range of businesses that will help create employment.