The Yamuna Expressway Industrial Development Authority (YEIDA) has announced plans to spend ₹14,000 crore over the next five years to acquire 6,065 hectares of land near the Noida International Airport. This land will be used to develop urban centers, industrial clusters, civic amenities, and a logistics park to attract significant investment in the region.
As reported by the Money Control, the land acquisition will target 40 villages in the vicinity of Jewar Airport along the Yamuna Expressway. The acquisition strategy involves three main methods: 4,076 hectares will be acquired through the formal land acquisition process, 1,609 hectares will be purchased directly from farmers through mutual agreements, and 380 hectares of government land will be reclaimed.
Villages targeted for land acquisition include Tappal-Bajna (771 hectares), Tirthali (479 hectares), Karauli Bangar (250 hectares), Rabupura (994 hectares), Muradgarhi (336 hectares), Kallupura (218 hectares), Mayana (252 hectares), and Mudrah (290 hectares). These areas have been identified for their strategic importance in supporting the development surrounding the upcoming airport.
YEIDA has secured funding for the acquisition through a combination of government bodies and bank financing. The Authority has also entered into a memorandum of understanding with the state-owned Housing and Urban Development Corporation (HUDCO) to arrange long-term financial assistance. HUDCO will provide loans at a minimum interest rate and will also offer consultancy services for various YEIDA projects along the Yamuna Expressway, from project conceptualization to completion.
In addition to financial support, the MoU between YEIDA and HUDCO includes plans to develop a habitat center and a convention center near the airport. The habitat center will cover 25 acres, while the convention center will span 15 acres. Both projects will be executed through a public-private partnership (PPP) in collaboration with NBCC India.
According to YEIDA CEO Arun Vir Singh, the proximity of the Jewar airport has already attracted interest from global and domestic investors, seeking land for a range of businesses, from manufacturing to logistics. The acquisition of additional land is essential to meet this demand and to turn these investment proposals into reality.
This strategic land acquisition plan is crucial for YEIDA’s vision of transforming the region into a thriving economic hub, leveraging the development of the Noida International Airport to attract substantial investment and drive economic growth.