Four new industrial sectors planned for Greater Noida

The city is set to get four new industrial sectors, to be developed across 1500 acres, the Greater Noida Industrial Development Authority (GNIDA) decided at a meeting on Friday. For the first phase of expansion, the GNIDA will organise camps in Imaliyaka, Sunpura, Dhum Manikpur Kailashpur villages to speak to farmers. It was also decided that plot owners who have been issued notices for delayed construction will be offered a one-time settlement scheme. Since February 2016, GNIDA has been charging 4-12% of the plot value from allottees who have left their plots vacant for more than two years after signing lease deeds. They will now be offered discounts up to 50% of the penalty amount they owe the GNIDA. The reschedulement policy will also be extended, giving developers who have defaulted on payments time till March next year.