NOIDA: Noida Authority is exploring options to redesign underutilised infrastructure projects, aiming to generate additional revenue from them. Two major projects that are likely to be transformed first are the Rs 243-crore multilevel parking facility in Sector 18 and the Rs 158-crore bus terminal in Sector 82.
Noida Authority CEO Lokesh M emphasised the need for maximising public investments. “These projects have remained underutilised for various reasons. We cannot afford to waste public funds. So, we have decided to repurpose them and generate revenue that can be reinvested for the city’s development,” he said.
For the bus terminal, the Authority is planning to maintain the ground floor for bus operations while converting the upper floors into corporate offices or healthcare facilities. Several hospitals have shown interest, officials said, though no agreements have been finalised yet.
“We’ve made it clear that bus operations will continue from the ground floor. Any new occupant will need to accommodate this arrangement,” Lokesh M added.
The ground floor, he said, will also house charging stations for electric buses, which are scheduled to join the city’s transportation fleet soon. Currently, the Sector 82 terminal serves only five UP Roadways buses operating on routes to Dadri, Pari Chowk, and Bulandshahr.
Constructed in 2021 on 7.5 acres near the Bhangel elevated road, the eight-floor bus terminal was designed as an integrated commercial and transport hub. The facility can accommodate 40 buses and includes spaces for food courts, ATM kiosks, passenger accommodations, and a cyber cafe.
Previous attempts to lease commercial spaces to govt offices and businesses have proved unsuccessful. An April 2023 initiative to engage a management agency with an expected monthly rental income of Rs 85 lakh failed to materialise. In Nov last year, the Authority issued an expression of interest (EOI) to identify potential partners for optimising the terminal’s use.
The Sector 18 multilevel parking facility — designed to accommodate 3,000 vehicles — remains largely vacant. Its underutilisation is attributed to readily available surface parking options and competing facilities at nearby malls and hotels. The facility’s distance from major shopping areas has also contributed to low occupancy rates.
For this, the Authority is considering converting the parking facility’s rooftop into a hotel or restaurant space.
