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Commercial Issues on Greater Noida Night Safari01 Jul 2016

[caption id="attachment_2868" align="alignright" width="400"]Commercial Issues on Greater Noida Night Safari copied: Times of India[/caption]

The state government of Uttar Pradesh has questioned the GNIDA (Greater Noida Industrial Development Authority) on the minor delay of in the construction of Night Safari on Yamuna Expressway. Greater Noida Authority’s CEO, Deepak Aggarwal answered the state government that the developers are seeking for aplace to do commercial activities inside the Night Safari. He also said that the Rs.750-crore project may not be economically feasible for the developers’ bidding if a fair amount of business activities are not done in the premises of the Safari.

The Night Safari will be based on a PPP business model. According to the earlier model of the GNIDA, the developers can do business activities in the reserved recreational are of the project. These activities may include apub, bar, resort, food courts etc. He also said that since there are only a few tenders for this projects, the government has to be smart enough to make it commercially viable and attractive to the developers. The Night Safari is going to be one of the star features in the coming years in Greater Noida. The project will be developed adjacent to the Gautam Buddh University and the Buddh International Circuit located on the Yamuna Expressway. The projects are going to be developed on a vast area of 337 acres, with 200 acres for the core development of the Night Safari.

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