Work
on the much-awaited 30 km long elevated Metro line connecting
Noida-Greater Noida will begin in May 2014. The
project, estimated to cost around Rs 5,500 crore and is expected that
the construction will be completed in three years, by 2016.
Rama
Raman the chairman of Greater Noida Industrial Development Authority
(GNIDA) said that “Efforts are being made to start work on Metro
rail project connecting Noida and Greater Noida.”
The
proposed Metro line between Noida and Greater Noida along the
expressway will have 22 stations, 15 stations will come under Noida's
jurisdiction and 7 under Greater Noida. These stations will improve
the connectivity and also connect some of the busiest locations
across Noida and Greater Noida to reduce the travelling time.
If
this project gets completed then metro line will be a boon for the
people, the
realty sector market, investors and home buyers to invest in Noida
and Greater Nodia. The metro network will
provide a faster connectivity between Noida and Delhi. The
30 km long elevated Metro line project will for sure boost the
prospects of the realty market of this region.
Noida
is also set to get an IT landmark, according to Noida Authority
officials, the IT giant will soon set a new unit in UP with an
investment over 100 crore. IT major Infosys headed for Noida with an
investment of Rs 1,354 crore and has acquired one lakh square metres
of land that is 25 acres in Noida Sector 85.
They
have reserved 3,40,000 square meters of land for industrial
development along Noida Expressway, which will generate investments
worth Rs 28,000 crore. It is one of the biggest investments that our
state can possesses of in IT sector and boast it.
This
will not only improve infrastructure but also be a major boost to
industrial and realty sector growth in the region.
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