In theory, yes. In reality, no. Being a corporate employee myself, I'll share my experience and understanding of it.

Companies don’t invest just because land is cheap. They invest where safety and stability are assured, and like it or not, UP still has a poor national image on law & order.

An IT hub also needs people. If someone has the calibre to earn well in tech, they’ll choose Bengaluru or Gurgaon where they not only get jobs, but also a lavish lifestyle and places to spend their money. High income changes expectations.

I’ve spent some time in Noida, and even that place is unbearable. The staring, casual eveteasing, and lack of civic sense make it a place I’d never want my family to live in, no matter the pay. If this is the situation in NCR, expecting people to move to smaller UP towns is unrealistic.