US-based firm requires 1,200 acres of Land to set-up 'American City' near Noida

Along the 165-kilometer Yamuna Expressway, close to the Noida greenfield international airport in Jewar, a US-based company has requested 1,200 acres to build a "American City" project, an international standard educational institution with performing arts facilities.

According to Arun Vir Singh, the chief executive officer of the Yamuna Expressway Industrial Development Authority (YEIDA), the proposal has been approved in principle, and the relevant officials have been instructed to supply the land in Sectors 22D, 22E, 5, and 5A along the Yamuna Expressway. 

For the university, a letter of intent (LoI) has been issued for 100 acres of institutional land in Sector 22E with the goal of establishing an entertainment center and management schools with theater facilities. Over the following six years, the business plans to invest four billion US dollars in this educational project. The 1,000 acres will be developed with a variety of land uses, such as institutions, commercial buildings, and economic activity initiatives.

Furthermore, YEIDA has already announced its intentions to establish a Japanese city in Sector 5A and a Korean city in Sector 4A. For the Japanese and Korean residents residing there, these massive projects will provide a variety of services under one roof, such as homes, schools, hospitals, and facilities. Meetings wi
th Korean and Japanese investors prior to last year's UP Global Investors Summit led to the decision. 

"The US based company met us on Tuesday and sought 1,200 acres for setting up an international standard educational institute having facilities for performing arts and cultural ethos. Some of the top US universities will partner in the venture. US-based consultancy firm Blue Sky Vantage represented the universities and submitted the proposal", says Yeida Chief Executive Officer Arun Vir Singh.

"After visiting several cities, they decided to buy land in our area and expressed their intention to develop an “American City” spread over 1,200 acres of land. They aim to have at least 1,000 acres with mixed land use for development with multiple usage components, including economic activity ventures, commercial towers and institutions of international repute",  he added.