The Yamuna Expressway Industrial Development Authority (YIDA) is set to build hotels, malls, multiplexes and shopping complexes on both sides of the Yamuna Expressway near Noida International Airport, authority officials said on Friday.
Yida said an aerocity will gradually take shape as progress is made at the airport, with the development of hotels and other commercial projects.
“Commercial activities will be taken up on both sides of the Yamuna Expressway near the airport and land use in the areas has already been decided. Planning for hotels, malls, multiplexes and shopping complexes is underway and the authority has expedited work on the development of the aerocity,” YIDA’s additional chief executive officer Shailendra Bhatia said on Friday.
Officials said the development of multiplexes and shopping units would also create employment opportunities in the area. It will also attract investment in the area and boost economic activities.
Officials said operations at the Noida airport began on June 15 and cargo services began on June 17. Now, emphasis will be laid on the Aerocity being developed around the airport.
Officials said industrial and residential areas are being developed near the airport and land has been allotted to several leading companies, which will also set up their units soon.
Officials said that these companies will start construction work soon and under the authority’s plan, commercial activities will be promoted on both sides of the expressway to provide modern facilities to passengers, investors and tourists visiting the airport.
The proposed construction will be in Sector 30, 31, 23A, 23B, 23C, 23D, 23E, Sector-7 and Sector-8. Officials aware of the development said commercial land use has already been determined in these areas.
