The Uttar Pradesh Industrial Development Authority (UPIDA) has directed the Yamuna Expressway Industrial Development Authority (YEIDA) to revise and recalculate the land allotment made to listed real estate developer Nimbus Projects in YEIDA sector 3 near the upcoming Noida Airport.

The directive follows a revision petition filed by Nimbus, seeking reconsideration of its earlier land surrender under the Project Settlement Policy (PSP). The move is expected to bring the company an additional 1.1 million square feet of development area with an estimated potential of Rs 1,100 crore.

Acting on the plea, the Principal Secretary, Department of Industrial Development, Uttar Pradesh government instructed YEIDA to reassess the allotment after factoring in interest payments already made by the

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