UP Private Business Park Development Scheme, 2025 (launched 24 Mar 2026)

Unveiled on 24 March 2026, alongside Nivesh Mitra 3.0 and the Plug-and-Play Industrial Sheds Scheme. The framework was detailed in the state's February 2026 policy release.

DBFOT — the selected private developer designs, builds, finances, operates and maintains an integrated business park on government-owned land during the concession period, then transfers it.

Technology companies, Global Capability Centres, business process outsourcing units, research facilities and other knowledge-intensive service businesses — not factories or warehousing.

Notably, no conventional capital subsidy, annuity or guaranteed government payment. Instead the developer receives the contractual right to construct and commercially operate the park on public land, on a shared-risk revenue model. Because payments are tied to occupancy, the developer has a direct incentive to maximise tenancy.

Private industrial and commercial park developers, REITs, infrastructure funds and long-term institutional investors.

Ready plug-and-play office ecosystems with digital connectivity, utilities and common services — and separate eligibility for incentives under other UP sectoral policies such as the GCC, IT and electronics policies.

Fragmented office infrastructure, development delays and high establishment costs, which weaken the state's ability to attract multinationals and high-value services investment. It compresses the gap between an investment decision and start of operations.

Land selection by government → feasibility study → Request for Proposal → technical and financial bid → developer selection → concession agreement → construction → leasing to eligible companies.

Rates are determined by the concerned authority and specified in the RFP and concession agreement — they are not fixed in the policy.

Very high. Grade-A office supply is the binding constraint on GCC attraction in Noida and Greater Noida, and this is the state's instrument for creating it.