GREATER NOIDA: The Greater Noida Authority has begun preparations to develop a commercial market complex on the lines of Delhi’s Connaught Place near Sector Chi-Phi. Yet to be named, the market complex is expected to come up in an area of about 4-5 acres and will have 2-4 floors.
From the many designs that were invited, the final approval was given to a private consultant.
While the area has many residential and commercial units in its vicinity, it is also barely a kilometre from the Yamuna Expressway, and is expected to gain momentum with the commencement of the Jewar airport operations. Work on it is expected to formally start next year post-UP assembly election, officials have said.
Narendra Bhooshan, the Authority CEO, told TOI, “There were plans to have a big commercial hub in Greater Noida as part of its development plan. Under that, we plan to build a circular commercial hub on the lines of Delhi’s Connaught Place near Sector Chi-Phi which has big wide roads on four sides and an open space for a big roundabout.”
According to Bhooshan, there were many designs that were invited for the commercial hub. “But the final approval was given to a private consultant. We held a competition among select leading architects and selected one of their designs,” he said. “The plan to build the commercial circle was taken up since the demand for it increased in the area following the announcement of the Jewar airport.”
Officials said the commercial circle may be developed in quartets, where more than one firm will be hired. “The proposed area where the commercial circle is to come up has wide roads on four sides. So, we have to decide whether we should go with everything in one go or take it up one by one and develop it in four parts like quartets. For this, we may float four different tenders to maximise the desired result,” he said.
While the Authority will work on the costing and tender details before the UP assembly polls, officials plan to float the first tender by April 1, 2022, and “construction work will begin after the election results”.