Curation Team
NOIDA: As Noida prepares to position itself as a global investment destination, authorities have cleared the way for a wave of luxury hotel developments to match its expanding infrastructure.
Noida Authority board, in its meeting on Saturday, approved a proposal to allot land for five- and seven-star hotels, to serve the demand generated by the upcoming Noida International Airport and IT and industrial hubs.
Officials say land parcels for these hotels will soon be identified and put out to tender, with the Authority looking to create a vibrant hospitality ecosystem that supports tourism, business travel, and international delegations expected with the airport’s operation.
In addition to the hotel policy, the Authority also approved a redevelopment plan aimed at revitalising ageing group housing societies, particularly those catering to low income group (LIG) and economically weaker section (EWS) residents. The scheme outlines clear processes for developer appointments, rehabilitation of residents and temporary relocation, to ensure improved housing and amenities.
The Authority will also invest in upgrading its power transmission network to 220 kV to support growing energy demands from upcoming residential, commercial, and industrial zones.
To attract more investment under Uttar Pradesh’s Electronic Manufacturing Policy-2020, six industrial plots in Sector 164 have been reserved for electronic manufacturing projects.
The board also approved a proposal to provide cashless healthcare benefits to retired employees and officials appointed on contract or deputation, further aiming to enhance governance and staff welfare in the region.
Officials also informed the board that 34 of 57 real estate developers have benefited under the resettlement scheme, with 3,125 flats registered so far, generating Rs 543 crore in revenue. However, over 1,600 flats remain unregistered.
