Real estate projects launched through GBC 4.0 to offer jobs on a platter to UP’s youth
M3M India Pvt. Ltd. launches Rs 7500 crore project in Gautam Buddha Nagar, will generate 1400 jobs
By Our Correspondent
Lucknow: Uttar Pradesh is set to witness a boom in the real estate sector with the launch of projects worth over Rs 50,000 crore during the recently held Ground Breaking Ceremony (GBC4.0), which will also see creation of significant number of jobs for the youth in the state.
Many prominent real estate firms, including from within India and abroad, have initiated their projects in Uttar Pradesh. It includes M3M India Private Limited, which is investing Rs 7500 crores to develop residential, commercial, official, retail, and service apartments. The project will provide more than 14,000 job opportunities for the youth of the state. .
Moreover, Abhinandan Lodha House has initiated a luxury residential and commercial real estate project in Ayodhya, with an investment of Rs 3000 crores, which is expected to create over 100 job opportunities.
The other major investors in the real estate sector include: Prateek Retailers India Pvt. Ltd., Wonder Cement Ltd., Shipra Estate Ltd., Omex Ltd., Eureka Builders Pvt. Ltd., Rishita Developers Pvt. Ltd., Gallant Lifespace Developers Pvt. Ltd., ANS Developers Pvt. Ltd., SG Estate Pvt. Ltd., ORO Infra Developers LLP, Guy Laroche, Sanfran Developers Pvt. Ltd., Jainco Developers Pvt. Ltd., Apex Group, BBD Group Viraj Constructions Pvt. Ltd., Gajadhar Technosys LLP, Amaravati Homes Pvt. Ltd., Nilansh Builders Pvt. Ltd., and Sapphires Infraventures LLP.
The above mentioned real estate projects will open the floodgates of employment opportunities to the youth of Uttar Pradesh.
Logistics sector to offer plenty of job opportunities to UP’s youth
Besides real estate, the logistics sector will also offer a plethora of employment opportunities to the youth of Uttar Pradesh with several prominent companies of the sector having implemented projects in the state through GBC 4.0. The biggest investment of more than Rs 1250 crores has come from the Sharaf Group, which is establishing a logistics park in the Moradabad district. The project will generate more than 1250 employment opportunities in the state.
It is noteworthy that in view of the increasing industrial investment in Uttar Pradesh, the Yogi government has approved the Warehousing and Logistics Policy to increase the storage capacity of the state. This policy not only provides fast-track land allocation for logistics parks, but also encourages development of logistics zones.
