The Noida Authority is taking proactive steps to repurpose underutilized infrastructure projects in a bid to generate additional revenue and maximize public investments. Two major projects identified for transformation include the Rs 243-crore multilevel parking facility in Sector 18 and the Rs 158-crore bus terminal in Sector 82.
Noida Authority CEO Lokesh M emphasized the importance of optimizing these assets. “These projects have remained underutilized for various reasons. We cannot afford to waste public funds. So, we have decided to repurpose them and generate revenue that can be reinvested for the city’s development,” he stated.
For the bus terminal, the Authority plans to maintain the ground floor for bus operations while converting the upper floors into corporate offices or healthcare facilities. Several hospitals have shown interest, though no agreements have been finalized yet. The ground floor will also house charging stations for electric buses, which are set to join the city’s transportation fleet soon. Currently, the Sector 82 terminal serves only five UP Roadways buses operating on routes to Dadri, Pari Chowk, and Bulandshahr. Constructed in 2021 on 7.5 acres near the Bhangel elevated road, the eight-floor bus terminal was designed as an integrated commercial and transport hub. The facility can accommodate 40 buses and includes spaces for food courts, ATM kiosks, passenger accommodations, and a cyber cafe. Previous attempts to lease commercial spaces to government offices and businesses have proved unsuccessful. An April 2023 initiative to engage a management agency with an expected monthly rental income of Rs 85 lakh failed to materialize. In November last year, the Authority issued an expression of interest (EOI) to identify potential partners for optimizing the terminal’s use.
The Sector 18 multilevel parking facility, designed to accommodate 3,000 vehicles, remains largely vacant. Its underutilization is attributed to readily available surface parking options and competing facilities at nearby malls and hotels. The facility’s distance from major shopping areas has also contributed to low occupancy rates. To address this issue, the Authority is considering converting the parking facility’s rooftop into a hotel or restaurant space.
These initiatives reflect the Authority’s commitment to ensuring efficient use of public funds and enhancing the city’s infrastructure. Further details on the repurposing efforts are expected to be finalized in the coming months.
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