The Noida Authority has allocated Rs 500 crore for acquiring new land, even as over 550 hectares are yet to be reclaimed from encroachers. The Authority is surveying unused "dumped" land parcels across sectors for their potential use, while also pursuing legal avenues to recover disputed land. Efforts are underway to reclaim land from non-functional industrial and IT units. The Authority has also regularized land for eligible farmers to prevent future encroachments. Despite the challenges, the Authority has managed to secure Rs 40,000 crore in investments so far.
As the Noida Authority grapples with the challenge of freeing over 550 hectares of land from encroachers, it has simultaneously earmarked Rs 500 crore for the acquisition of new land. This decision is part of the Authority's broader strategic initiative to foster and facilitate new investments.
Simultaneously, the Authority is carrying out a comprehensive survey of unused or "dumped" land parcels scattered across the city's various sectors. The objective is to determine the current status of these parcels and ascertain their future utility.
According to officials only a handful of land parcels remain vacant in Noida. The Authority officials has pledged to reclaim the "dumped" land soon and acquire additional land in the new sectors to allocate to prospective investors. Officials have confirmed that the land records department is working diligently to identify 'dumped' land for beneficial use. Additionally, the law department is battling to retrieve land mired in disputes or litigation.
In a bid to attract new investors, the Authority is also planning to reclaim land from non-functional industrial, IT, and ITES units. Following a 2022 government notification, it has issued over 500 notices for immediate cancellation of land allocation to units that remained non-operational as of December 31, 2022.
Efforts are underway by the project and land records departments to liberate the 568 hectares of Noida Authority land still under encroachment. These areas comprise notified, acquired, rural extension population, and village society land. From 705 hectares in 2017, the Authority has managed to reduce the encroached land by over 40 hectares within the last five years, freeing land with a market value of approximately Rs 3,000 crore.
In an effort to prevent future encroachments, over 97 hectares have been regularized in the name of eligible farmers, and protective measures like fencing or the construction of boundary walls around the land parcels have been implemented.
The Authority has recently signed MoUs worth Rs 90,000 crore during the UP Global Investors' Summit in February this year. However, it now faces the formidable task of delivering land to investors. Post-summit, the Authority was assigned a target to convert MoUs worth Rs 60,000 crore into actual investments. CEO Maheshwari reported that the Authority has so far been successful in realizing investments worth Rs 40,000 crore.
In conclusion, the Noida Authority's dual efforts to free up encroached land and acquire new areas demonstrate its commitment to fostering growth and attracting investment. However, the challenges posed by encroachments and ensuring the beneficial use of "dumped" land will require strategic and sustained efforts. The progress made thus far is promising and points towards a progressive future for Noida.
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