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Private Sector | Uttar Pradesh - India | PID: 203624
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A US-based company has sought 1,200 acres to develop an 'American City' project, an international standard educational institute having facilities for performing arts, near the Noida greenfield international airport in Jewar, along the 165 km Yamuna Expressway.
The proposal has been granted in-principle approval and the officials concerned have been directed to provide the land in Sectors 22D, 22E, 5, and 5A along Yamuna Expressway, as per Yamuna Expressway Industrial Development Authority (YEIDA) Chief Executive Officer Arun Vir Singh. A letter of intent (LoI) has been issued for 100 acres of institutional land in Sector 22E for the university, which aims to include management schools with theatre facilities, and an entertainment hub.
The company has expressed its intention to invest four billion US dollars in the next six years in this educational project. The 1,000 acres will have mixed land use for development with multiple usage components, including economic activity ventures, commercial towers and institutions.
Besides, YEIDA has already made public its plans to set up a Korean City in Sector 4A and a Japanese City in Sector 5A. These mega projects will offer multiple services under one roof, including housing, schools, hospitals, and amenities for the Japanese and Korean citizens staying there. The decision was taken during meetings with investors from Japan and Korea ahead of the UP Global Investors Summit last year.
| Updated on: 12 - Nov - 2024
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