logo
200 industrial plots lying idle for years, UP allots them again

200 industrial plots lying idle for years, UP allots them again

Time of India15-07-2025
Ghaziabad: In Sahibabad Industrial Area, 211 plots of various sizes have remained underutilised. Now, the plots have been subdivided and allotted for new industries, Uttar Pradesh State Industrial Development Authority (UPSIDA) regional manager Pradeep Satyarthi said on Tuesday.
A revised policy has been worked out in which owners of sick industries will now be allowed to sell off 75% of the land by subdividing it into smaller plots of 4,000 sqm or more, while they can keep operating on 25% of the remaining land.
The subdivided land parcels have been sold under three slabs: Rs 16,960/sqm, Rs 18,930/sqm, and Rs 25,780/sqm. In the Sahibabad Site-4 Industrial Area, 177 plots have been sold at Rs 25,780/sqm.
You Can Also Check:
Noida AQI
|
Weather in Noida
|
Bank Holidays in Noida
|
Public Holidays in Noida
In Sector 22 of the Sahibabad Industrial Area, eight land parcels were sold at the rate of Rs 16,960/sqm. Additionally, 26 plots in Site-2 of the Sahibabad Industrial Area have been sold at the rate of Rs 18,930/sqm.
Traditionally, Ghaziabad is an industrial city with more than 27,000 industries spread across 10 industrial clusters, employing a workforce of over five lakh. Over the years, land has become scarce, proving to be a major impediment to the growth of new industries.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
An engineer reveals: One simple trick to get internet without a subscription
Techno Mag
Learn More
Undo
To overcome this impediment, UPSIDA in 2020 came up with a new industrial policy aimed at freeing land parcels within industrial belts so that new, relatively small industrial clusters could be created. The land parcels remain locked in as the industries that existed either went defunct or were closed down.
"When plots were allocated for industries by the then UPSIDC in the 1970s, the size of plots was as big as 50 acres.
But with time, many big industries became obsolete and sick and some even closed because there is a life cycle to it," Satyarthi said.
"As a rule, the plot allotted for an industrial unit cannot be cancelled, but the problem is that a large chunk of the plot remains unutilised in these large industrial units. So, a new industrial policy was framed to create new land banks," Satyarthi added.
It is estimated that about 300 acres of unused land remain locked up in these sick and obsolete industrial units.
The new policy will allow owners to recover from loss while at the same time allowing small industries to flourish on this land.
In the last 20 years, no new industrial clusters have been developed in Ghaziabad as UPSIDA has exhausted its land bank. Even though the demand for land to set up new industries is growing, this initiative is helping new industries to flourish.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bank fraud case: Court orders auction of sports academy, land of ex-MLA
Bank fraud case: Court orders auction of sports academy, land of ex-MLA

Business Standard

time2 minutes ago

  • Business Standard

Bank fraud case: Court orders auction of sports academy, land of ex-MLA

A special anti-money laundering court has ordered the auction of properties linked to former MLA Vivekanand Shankar Patil to facilitate repayment to creditors of a cooperative bank based in Panvel in Maharashtra's Raigad district. The properties, comprising a multi-acre sports academy and a land parcel in Panvel, have been attached by probe agencies in an alleged fraud of over Rs 512 crore at the Karnala Nagari Sahakari (cooperative) Bank. Patil, the prime accused in the case, represented Panvel as a Peasants and Workers Party of India MLA for three terms and was a legislator from Uran once. A total of 87 properties, including some ancestral assets of Patil, were attached under the MPID Act, or the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, by Navi Mumbai police's Economic Offences Wing. The Enforcement Directorate (ED), which is also probing a money laundering case linked to the fraud, has dual attachment to some of these properties. Special PMLA Judge Satyanarayan Navander on Tuesday ordered the release of these attached properties, allowing a plea by the bank's liquidator. The liquidator had sought release of Karnala Sports Academy and a plot of land, both located in Panvel taluka, to discharge the bank's liabilities to its creditors, including depositors. All the parties, including the accused, had given their no objection to proceed with the auction of these properties. Given the consensus among all parties, the court deemed it proper to make the attachment of these two properties absolute. It then directed the immediate commencement of the auction process in the interest of the bank's depositors. The ED case is based on an FIR registered against Patil and 75 others in February 2020 by the Economic Offences Wing, which had alleged irregularities of Rs 512.54 crore in the Panvel-headquartered Karnala co-operative bank.

Rs 15 crore is ‘not a huge amount' of money, says Sushmita Sen's brother Rajeev as he doles out vague financial advice: ‘Agar nikal padi toh nikal padi'
Rs 15 crore is ‘not a huge amount' of money, says Sushmita Sen's brother Rajeev as he doles out vague financial advice: ‘Agar nikal padi toh nikal padi'

Indian Express

time2 minutes ago

  • Indian Express

Rs 15 crore is ‘not a huge amount' of money, says Sushmita Sen's brother Rajeev as he doles out vague financial advice: ‘Agar nikal padi toh nikal padi'

Sushmita Sen's brother Rajeev Sen, who frequently talks about his various business ventures on his YouTube channel, recently shared some financial advice and declared that Rs 15 crore 'was not a huge amount of money.' Rajeev claimed that someone he knew asked him for investment advice as they had a spare Rs 15 crore. 'Rs 15 crore na boht bada hai, na boht chota hai (Rs 15 crore is not a huge amount, but it's not a small amount either),' he said, and then proceeded to give three options to the unnamed investor Rajeev continued, 'Business, real estate or stocks?' Rajeev declared that investing in a business would be the best idea, but did not specify what sector or kind of business he was talking about throughout the video. 'Agar naye business mein lagate ho toh high risk hai, high reward bhi hai (If you invest in a business then it is high risk, and high reward),' he shared, adding that the rewards depend on 'aapko kitna knowledge hai uss product ke baare mein, chahe voh kuch bhi ho (what do you know about the product, whatever it might be).' He then insisted, 'Agar nikal padi toh nikal padi (If it works then it works). You know it can really skyrocket and you can have the maximum return, much higher than any real estate or any stock would ever give.' ALSO READ | Sarzameen movie review: Ibrahim Ali Khan spared solo lifting in dull and forgettable Karan Johar production He said that real estate was a 'secured way of investing your money' as the 'money will grow brick by brick.' Speaking about the stock market, Rajeev said, 'Wonderful, why not?' He ended his video by saying, 'Risk lena chahte ho toh hamesha business mein daaliye jahan pe reward is into ten times (If you want to take a risk then invest in a business where the reward is ten times.)' Previously, when trolls questioned him about his wealth, Rajeev said that he had inherited a lot of money from his family. 'I have had a successful jewellery business for a long time. Yes, I am fortunate that a lot of it was given to me because it was my company, it was my parents' company. A lot of it was handed to me on a plate, but even in that scenario, I had to prove myself–that I can sell jewellery. Acting or production, YouTube just happened recently. This is just a passion project that I can afford to give time to because I have other ventures. I am a successful investor. I have earned a lot of money on my own and I am very proud of that fact,' he said and added that he lives with his mother. 'If my mother ever asked me to leave the house, I would do so and be on the street,' he said. He added, 'Just assume for a moment that I am living a luxurious life, that my mum is signing cheques for me every month, my dad is giving me money, my sister is giving me cheques and telling me to enjoy life–even if that's true, what is your problem? You people aren't even worth of Rs 10.' Rajeev went through a messy divorce with his ex-wife, actor Charu Asopa. The two share a daughter, Ziana, and recently shared many videos complaining about each other over their daughter's custody on YouTube.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store