UP plans financial citiesUP plans financial cities

Virendra Singh Rawat / Lucknow

Targetting to become a $trillion economy, Uttar Pradesh is planning to develop 100 new townships with the help of private investors to boost socioeconomic development.

The Yogi Adityanath government 2.0 will partner with the private real estate developers to forward its agenda of spurring growth precipitated by new urban centres.

According to sources, the state has received expression of interest from about a large number of private investors for developing the proposed string of new townships in the vicinity of big cities.

The grand plan is to decongest major urban centres and provide a synergy for socioeconomic development across the state.

The government is in the process of rationalising building bylaws to facilitate higher vertical real estate development to economise on land use.

Meanwhile, a mega township project titled ‘New Ayodhya’ is also in the offing in Ayodhya district. The modern township is aimed at developing the temple town as a modern tourism hub in Northern India.

UP Housing Board is tasked with acquiring land for ‘New Ayodhya’ project, which is expected to be launched in the next few weeks.

While, the Ayodhya international airport is in the works, a grandiose Lord Ram temple is likely to be completed by September 2023. Once, these flagship projects are completed, the tourist footfall in the temple town is expected to grow manifold.

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The transformation of Ayodhya is estimated to cost more than Rs 30,000 crore to the exchequer under a grand ‘Ayodhya Vision 2047’ template.

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