The first residential and commercial scheme of IITGNL's Integrated Industrial Township in Greater Noida is set to be launched soon. The IITGNL board has approved the proposal for the scheme, fulfilling the long-standing demand for housing and shops in the township.
Spread across 747.5 acres near Dadri, the Integrated Industrial Township is a smart township equipped with plug-and-play infrastructure and an automatic solid waste management system. The township is a joint venture between DMIC and the Greater Noida Authority, and many companies such as Haier Electronics, Formi Mobiles, Satkriti Infotainment, Chenfeng (LED Company), and J World Electronics have already invested in it.
To provide residential and commercial establishments in the township, Ritu Maheshwari, CEO of Greater Noida Authority and Managing Director of IITGNL, took the initiative to launch the first residential and commercial mix-use scheme. In the board meeting held on Wednesday, the proposal for the scheme was approved.
The Group Housing Scheme will include 8 group housing plots covering a total area of 60.69 acres, ranging from 17,400 square meters to 56,300 square meters, with a floor area ratio (FAR) of 5.25. Their reserve price is set at Rs. 43,000 per square meter. Additionally, 8 commercial mix-use plots will also be launched soon, ranging from 10,800 to 39,900 square meters, with a reserve price of Rs. 74,000 per square meter and a FAR of 5.5.
Ritu Maheshwari expressed her hope that both schemes would be a complete success for the smart township.