Noida Authority’s new office in Sector-96 will be inaugurated soon
Noida: Noida Authority’s board meeting next week will discuss its budget and consider approval for key projects, including a proposed centre of excellence at Gautam Buddha University (GBU).
The Authority is also set to discuss the launch of a mixed land use property scheme.For the mixed land-use scheme, the Authority is set to finalise the total number of plots, sizes and rates at the board meeting.At a board meeting last year, Noida had increased allotment rates by 6% in all categories, including residential, commercial, industry and institutional, and approved a budget of Rs 8,732 crore. The Authority plans to similarly increase the land rate and budget compared this year as well.The Authority will also be discussing the Centre of Excellence set to come up at GBU, with discussions focusing on whether the centre will be aimed at conducting research on semiconductors or stem cells. “This will be discussed and finalised in the board meeting next week,” said Noida CEO Krishna Karunesh.Officials said the initiative will strengthen the research ecosystem in the university and help position Noida as a hub for high-end scientific development.
The university will manage the project while the Authority will fund it. GBU, which first opened its door to students in 2008, is fully funded by the Noida and Greater Noida authorities.Semiconductors are used to manufacture components like transistors and integrated circuits (microchips), which power smartphones, computers and televisions. They are also widely used in communication systems, automobiles and industrial machines.YEIDA is developing semiconductor parks in Sector 10 and 28. Strategically located near the upcoming Noida International Airport, the park is designed to attract global and domestic semiconductor companies by offering world-class infrastructure.Stem cells are unique cells in the human body that have the ability to develop into different types of specialised cells, such as muscle, nerve or blood cells. They also have the capacity to self-renew. Stem cells are widely used in medicine for treating diseases like leukaemia through bone marrow transplants.
