mini version of Japan and Korea will be made Noida
mini version of Japan and Korea will be made Noida
News24yard Noida : (mini version of Japan and Korea will be made Noida ) Noida is set to undergo an “International” transformation, with plans to create miniature versions of Japanese and Korean cities. The Yamuna Expressway Industrial Development Authority (YEIDA) has earmarked two sectors for the establishment of these industrial cities, requiring the acquisition of hundreds of hectares of land. An estimated Rs 2,444 crore will be invested in the development of these cities, which will offer a range of facilities including housing, schools, and hospitals. Situated just 10 kilometers away from Jewar International Airport, these Japanese and Korean cities are poised to enhance connectivity for the region.
Where will both the cities be built in Noida?
The Japanese City is set to be developed in Sector 5A of Noida, covering 395 hectares, while the Korean City will occupy a similar 395-hectare area in Sector 4A. According to Arun Veer Singh, the CEO of the Authority, the electronic hub will host manufacturing units for chips, semiconductors, AI equipment, and cameras.
The decision to establish these cities was made during a meeting with Japanese and Korean investors prior to the UP Global Investors Summit last year. Additionally, residential units will be constructed in Noida for employees from Japan and Korea, complete with amenities such as schools and hospitals.
Let us know what the developers of Delhi NCR say
According to Trisol Red’s Managing Director, Pawan Sharma, the presence of top-notch infrastructure, consistent power supply, internet access, and modern amenities in Noida and Greater Noida will make them the favored choice for foreign companies. This presents a lucrative opportunity for investors, while also promising direct benefits for residents due to the anticipated acceleration of development in the area.
(mini version of Japan and Korea will be made Noida ) Sanjay Sharma, Director of the SKA Group, emphasized that the close proximity of Japanese and Korean cities to Jewar International Airport will enhance connectivity for the project. Additionally, with the burgeoning development in Japan and Korean cities, there will be a swift emergence of new residential projects in the area to accommodate the workforce, thus further accelerating overall development. Consequently, both investors and the residential real estate sector stand to gain significantly from this favorable scenario.
Managing Director of Group 108, Sanchit Bhutani said “Inauguration of the international airport in Jewar will lead to a surge in job creation, Tourism, Exports & Trade and a major boost in Real Estate Market.This, in turn, is expected to foster the growth of both cities and will surely help kick-start more real estate developments involving commercial, hospitality, retail and housing projects. As the influx of both Domestic & international conglomerates rise, the demand for commercial and office spaces are also likely to increase. Consequently, the future holds promising opportunities for both commercial and residential real estate entrepreneurs in these evolving circumstances.”
Salil Kumar, Director of Sales and Marketing at CRC Group, indicates that two cities will be developed in close proximity to Jewar International Airport. This strategic location aims to enhance connectivity for businessmen from both countries. Situated in Sector 4-A and 5-A near Jewar Airport, these cities will also feature designated commercial zones tailored for Korean and Japanese communities, fostering comprehensive local development. The allure of Japanese influence and emerging Korean urban models near Jewar Airport is expected to stimulate future real estate investments.
