Old Noida likely to get plots for warehousing to meet demand

Considering the rise in the warehousing demand in India, the Noida Authority is planning to offer plots in sectors 161 to 166 located along the Expressway for warehousing needs. “Earlier we did not consider ‘warehousing’ in the industrial plots scheme launched by Noida Authority (for Old Noida) in September 2022. But we will, going forward as part of new schemes (of Old Noida),” said Ritu Maheshwari, CEO, Noida Authority, at the recently held Noida Stakeholders Meet. Since large land banks are not available in Old Noida, the New Noida Draft Master Plan proposes to focus on industrial development and is expected to plug the demand gap for warehousing requirements, she added. The draft plan, prepared by the School of Planning and Architecture (SPA), proposes to allocate as much as 8,800 hectares, or 41 percent area for industrial use on which warehousing can come up. “I agree that warehousing is needed. While we have not allowed warehousing in the new schemes launched earlier this month, we will try and include it in the forthcoming schemes,” Maheshwari said. The new schemes launched in sectors 162 and 164 are large plots but have been offered for industrial use. “With the recent government notification that warehousing is allowed in industrial facilities and on industrial land, we will try and include it in the forthcoming schemes. Earlier, we planned to include one sector for warehousing but were sceptical whether the response would be good. Post this scheme results we can earmark a few bigger plots for warehousing soon,” she said.