The extension will comprise nine stations and with a project cost of cost Rs 2,602 crores.
The Greater Noida Industrial Development Authority (GNIDA) on Tuesday approved the second phase of the Metro link from Noida Sector 71 to Knowledge Park 5 in Greater Noida.
The extension will comprise nine stations and with a project cost of cost Rs 2,602 crores.
This decision was taken at the Authority's 113th board meeting. "NMRC would be the nodal agency for the project. The first phase of the Metro project comprising five stations from Noida Sector 71 to Greater Noida Sector 2 is expected to cost around Rs 1521 crore, officials said.
The extended line of Noida Metro's Aqua Line will have a total of nine metro stations out of which two will be in Noida and seven will be in Greater Noida. 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 earlier had given its 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.
"We believe that this project is crucial as it will benefit thousands of homebuyers 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," said Geetambar Anand, CMD, ATS.
Greater Noida West has around 3.5 lakh under-construction housing units of which around 40,000 are occupied.
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