India, April 24 -- The Yamuna Expressway Industrial Development Authority (YEIDA) has announced plans to acquire 13,300 acres of agricultural land for its development project near the Noida International Airport along the Yamuna Expressway.

YEIDA has earmarked Rs.5,000 crore to directly purchase land from farmers who are willing to part with their land for the development. The acquisition will cover 36 villages in Gautam Budh Nagar and five villages from Aligarh district, officials confirmed.

"We are receiving proposals from both domestic and global investors looking to establish businesses near the Noida airport. To facilitate this, we intend to purchase and prepare the land for allocation," said Arun Vir Singh, CEO, Yeida.

At its 84t...