Spanning 759 acres, the project will commence with development on 250 acres in its first phase. The detailed project report (DPR) is in its final stages and is being prepared by Cushman & Wakefield India.
In a major boost to North India’s financial and technological infrastructure, plans for the region’s first Fintech City in Sector-11 of the Yamuna Expressway Industrial Development Authority (YEIDA) region have been finalized. Spanning 759 acres, the project will commence with development on 250 acres in its first phase. The detailed project report (DPR) is in its final stages and is being prepared by Cushman & Wakefield India.
In order to make this ‘Fintech City’ project more attractive, major investment summits will be conducted next month in Delhi and Noida. These summits will host top Fortune 500 companies and leading institutions from the financial sector. According to a report by Zeenews Hindi, companies investing in Fintech City will receive several special benefits. At first, companies investing in Fintech City will be provided with various special benefits. They will not be required to obtain separate licenses. Investment will be encouraged under the FDI policy. Companies with 100% foreign direct investment (FDI) will receive up to 75% land subsidy, added the report.
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