UP govt to formulate township policy before global investor summit

Taking cognizance of the Noida twin towers, which were demolished last month on the apex court’s order over flagrant violation of norms, the Uttar Pradesh government is drafting a fresh township policy to serve the real estate sector and attract private investment.

The proposed policy is likely to be ready by month-end to ensure its implementation before the mega UP global investor summit in January 2023. The state government is targeting to garner investment worth Rs 10 trillion.

In recent years, UP has netted private investment of almost Rs 31,000 crore in an array of township and integrated township projects.