UP plans financial citiesUP plans financial cities

Virendra Singh Rawat

To pitch Uttar Pradesh as a leading investment destination, the Yogi Adityanath government is planning to develop financial cities in the state.

The state has identified leading towns including Lucknow, Ghaziabad and Noida for the purpose.

While Lucknow, Ghaziabad and Noida will be developed as financial cities, medi-cities have been proposed in in Gorakhpur, Agra, Lucknow, Kanpur, Bareilly and Chitrakoot.

In fact, the investment potential in the UP real estate and housing sector has been estimated at almost $30 billion.

The New Township Policy, Integrated Township Policy and Affordable Housing Policy are expected to play the role of key enablers in this respect.

The Yogi government 2.0 is looking to develop more than 100 new townships to decongest major urban centres and spur planned urbanisation.

Satellite and twin cities have been proposed in the vicinity of big cities viz. Lucknow, Ayodhya, Agra, Noida, Bareilly, Gorakhpur, Jhansi Mathura, Meerut, Moradabad, Prayagraj and Kanpur.

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