With the Christmas spirit kicking in, we have great news to cheer up the residents of the of Greater Noida West.
The Greater Noida Industrial Development Authority (GNIDA) on Tuesday morning approved the second phase of the Metro link from Noida Sector 71 to Knowledge Park 5 in Greater Noida. This new extension will comprise of nine stations and we are completely ecstatic!
This crucial decision was undertaken at the Authority's 113th board meeting.
The officials were quoted saying, "NMRC would be the nodal agency for the project. The first phase of the Metro project comprising of five stations from Noida Sector 71 to Greater Noida Sector 2 is expected to cost around ₹1521 crore.”
The metro stations in Noida include sectors 122 and 123 and the metro stations in Greater Noida include sector 4, Ecotech 12, sectors 2, 3, 10, 12 and Knowledge Park V.
Akhilesh Yadav, the former CM of Uttar Pradesh had earlier given his approval for construction of a 15-km metro project.
"We have asked builders to contribute fund and generate ideas to lure investment and buyers," said a senior official of UP government.
"We are adhering to the direction of the government. This project will change the fortune of this belt. We have decided to plan stress-free homes where we will offer facilities for all family members," said Rahul Gupta, Director of Ace group.
This new development has sparked hopes for residents and home buyers in this region because it is expected that over 3.5 lakh residential units will be coming up in this area.
"We believe that this project is crucial as it will benefit thousands of home buyers who have shifted to the newly built apartment complexes in Greater Noida West and nearby Crossings Republik in Ghaziabad that has 36,000 housing units," Geetambar Anand, CMD, ATS, was quoted saying.