Master Plan 2041 approved for development of Olympic Village in Noida

By Admin |
Sep 28, 2023 |
1 |

Master Plan 2041 approved for development of Olympic Village in Noida

Residents of Noida and Yamuna Expressways, you have one more reason to rejoice. An Olympic Park is going to come up in your neighbourhood, with 29 sports arena of different disciplines.

UP government’s YEIDA has just approved the Master Plan 2041 which this Olympic Park is a part of. Coming up near Jewar Airport – in Sector 22 - India plans to bid for and host Olympic Games in 2036 with this Olympic Park.

Once operational, these world-class sports facilities will also train local budding sportspersons and help them achieve laurels at national and global levels.

This Olympic Park will have 2 components: Olympic City spread in 965 acre and Olympic Village taking up 130 acre. The first will house Sports Stadiums, Training and Coaching Centres, Theme Parks, Convention Centres, and Shopping Malls. Meanwhile The Olympic Village will consist of 5,000 flats, including 1 BHK, 2 BHK, and 3 BHK units. These flats will be utilized by athletes, officials, and other individuals during the games.

29 stadiums will be constructed for various sports

India currently faces a shortage of resources to host Olympic Games. This is the reason why the decision was made to put up an Olympic Park in YEIDA, which is being developed with international-level facilities, ensuring that infrastructure questions don't arise if India gets the opportunity to host the Olympic Games in the future. As per what sports discipline those 29 stadiums will be dedicated to, the answer is that it depends on what games will ultimately make the cut and feature in Olympic 2036.

Development on the PPP model

Currently, only the proposal in Master Plan 2041 has received approval, confirming that this land will be utilized for establishing the Olympic City and Olympic Village in the future. When planning for the project commences, a Detailed Project Report (DPR) will be prepared, which will outline the specifics of how it will be implemented. It is expected that the authority will prepare this DPR on a Public-Private Partnership (PPP) model.

YEIDA: Other Upcoming Developments

The UP government has planned several big projects in the Yamuna Expressway region and especially around the upcoming International Airport in Jewar. Some of the notable projects among many are the Film City, Toy Park, Apparel Park, and Medical Devices Park.

YEIDA Real Estate: An appreciating Assets

Massive infrastructure development, rising educational, commercial, industrial, and employment opportunities in this region has made it extremely desirable for real estate investment. In case you are looking for some good real estate options in this area, wealth clinic has quite a few. Call us to know in details.



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