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Special Developments Zones being Developed thru Greater Noida by Tida
Saturday, April 05, 2008

Taj-Express Industrial Development Authority (TIDA) is all set to develop a new township as special development zone (SDZ), along the non-stop 165 km long Taj Expressway. TIDA has invited applications for SDZ under open scheme. Land will be allotted in SDZ for core activities that include IT, industries, biotechnology, service sectors, commercial, residential and sports, according to the allocation policy. Explaining more about the on-going scheme, P K Agarwal, deputy chief executive officer, TIDA, says an application can be taken from the authority office by depositing a bank draft for Rs 1 lakh. And, additionally, the applicant has to pay Rs 1 crore, as security money, when submitting the duly filled in form. An applicant will be called for interview on the basis of merit. In the first phase of this project, from Greater Noida to Jewer, 35,000 hectare of land will be developed as special development zone. According to allocation policy, SDZ is split into morethan-1000 hectare, and the less-than-1000 hectare category.

Lalit Srivastava, chief executive officer, TIDA, says that the SDZ is located between the Yamuna and GT Road. It will have much bigger sectors compared to what places in Noida-Greater Noida can boast of.

The Taj Expressway Zone (TEZ) will be developed in three phases. In phase one 35,000 hectare will be developed, which will stretch up to Jewar. Large projects that can not be accommodated in Noida or Greater Noida will come up here. There could, for instance, be an educational project. But, it will have to
be large in area, say 1000 acres. This zone will include residential, industrial, institutional and commercial area.

A number of such zones will come up all along the Taj Expressway right up to Agra. The new TEZ authority comprises district Gautam Budh Nagar, Mahamaya Nagar (Hathras), Matura, Aligarh and Agra. From Gautam Budh Nagar to Agra, the TIDA area is spread over 1 lakh hectare. In TIDA there will be 22 zones.

According to a survey, by 2011, Noida-Greater Noida will have 3,000 hectare of residential set-up, while industrial set-up will be spread over 26,000 hectare. Land use break of 2011 states there will be 3 thousands hectare of land use for residential, institutional, commercial, transportation and SEZs. We have already started calling in infrastructure experts and have drawn up a master plan for the area to which all constructions in the area will now have to confirm, says Lalit Srivasta. According to the Master Plan of Taj Express Zone, the mode of development will priority based. Out of 35000 hectare, 35-40% of the area will be developed for main activities like industry, IT-institutions, ware housing, transportation, sports and assorted other industries services.

While the remaining area, except the green area, will be developed for support activity like industrial, commercial and residential. According to P K Agarwal, deputy chief executive officer, TIDA, the acquisition of land for the Taj Expressway is being completed on a war footing. All the land is likely to be handed over for construction by mid-January. Work on the special development zone is likely to begin after the allotment. The Greater Noida Industrial Development Authority (GNIDA) officials are also manning it, in addition to their duties. There are plans to take long-term loans from both GNIDA and Noida. With the Cabinet approval of new airport in Greater Noida, lands rates in Jewar (the airport site) have shot-up by ten times. GNIDA has earmarked 3500 hectare for an airport (Taj International Aviation Hub). As the market rates were hiked considerably in the last one year, government hiked the circle rates considerably to check evasion of stamp duty.

For land acquisition, compensation will be distributed according to district magistrate' circle rates. Circle rates outside town area for agriculture land is already sky rocketing. Rates jumped from Rs 10 lakh to Rs 25 lakh, and from Rs 10 lakh to Rs 18 lakh. For Jewar town-area, the hike is from Rs 18 lakh to Rs 56 lakh. This has resulted in an increase in revenue collection. Rakesh Yadav, of Antriksh Housing and Construction, says that before the announcement of the airport project a year ago, agricultural land rates were between Rs 20,000 and Rs 40,000. Today, the rates range between Rs 4 lakh and Rs 8 lakh.

TIDA is all set to develop a new township as special development zone (SDZ), along the Taj Expressway. In TIDA there will be 22 zones, which will come up all along the Expressway till Agra. According to a survey, by year 2011, Noida-Greater Noida will have 3,000 hectare of residential set-up, while industrial set-up will be spread over 26,000 hectare.


 

 

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