Yeida to acquire 6,000 hectares land for urban development Hindustan Times
The Yamuna Expressway industrial development authority (Yeida) has decided to acquire 6,000 hectares of agricultural land to develop a city near the Noida International Airport along the Yamuna Expressway, people familiar with the matter said. Yeida said demand for residential, commercial, institutional, and other kinds of land has increased because the Noida airport is set to become operational by the end of 2024. Yeida has earmarked ₹14,000 crore to acquire 6,065 hectares of land in the next two years, they added. “We aim to spend around ₹63,500 crore to develop basic civic services including roads, sewers, parks, and electricity so that the urban centre on 6,000 hectares of land can be developed. We will acquire land from 40 villages through different methods including direct purchase from farmers and also by using the Act 2013,” said Arun Vir Singh, chief executive officer of Yeida.
