Housing prices to rise near Noida International airport

22 Feb 2023 CW Team

According to the statement, the new rate of land allocation or auction has been set at Rs 24,600 per square metre for the residential category.

The Yamuna Expressway Industrial Development Authority (YEIDA) announced a land rate increase which will result in higher property prices near the upcoming Noida International Airport.

The decision to raise land rates was made following the 76th board meeting of the YEIDA, which is part of the Uttar Pradesh government's Industrial Development Ministry and manages land along the 165-kilometre-long Yamuna Expressway.

According to an official statement, the land rate increase affects all residential, group housing, industrial, institutional, and commercial properties.

According to the statement, the new rate of land allocation or auction has been set at Rs 24,600 per square metre for the residential category.

According to last year's statement, it will be Rs 18,510 per square metre in 2022-23.

The rate for group housing is now Rs 30,750 per square metre, up from Rs 23,140 per square metre previously.

The 'Sector Plan' with floor area ratio (FAR) up to two now costs Rs 49,200 per square metre in the commercial category, while the 'Master Plan' with FAR greater than two now costs Rs 59,100 per square metre, according to the statement.

These rates were Rs 38,000 per square metre and Rs 46,000 per square metre in 2022-23, respectively.

According to the statement, land rates for religious structures, orphanages, widow homes, and elderly shelters have been raised to Rs 9,670 per square metre from Rs 6,900 per square metre.

It showed that land rates for corporate offices were set at Rs 23,770 per square metre, hospitals at Rs 21,650, industries at Rs 13,542 and IT and IT-enabled services at Rs 16,300 per square metre.

"The YEIDA has increased the rates for allotment/auction of land in residential, group housing, commercial, industrial, institutional categories. The increase is in lieu of reasons including the acquisition of land from farmers at the rate of Rs 3,100 per square metre, cost of internal and external development projects, special projects and schemes which have been implemented in 2022-23," the YEIDA said in the statement.

The YEIDA owns 12.50 percent of the Noida International Airport, which is currently under construction in Jewar, about 75 kilometres from Delhi.

Yamuna International Airport Private Limited, a wholly owned subsidiary of Zurich International Airport AG, is developing the greenfield airport. The airport's first phase is expected to be completed in September 2024.

Arun Vir Singh, the CEO of YEIDA, is also the chairperson of the Noida International Airport Limited (NIAL), which is implementing the UP government's joint venture airport project.

According to the statement, the new rate of land allocation or auction has been set at Rs 24,600 per square metre for the residential category. The Yamuna Expressway Industrial Development Authority (YEIDA) announced a land rate increase which will result in higher property prices near the upcoming Noida International Airport. The decision to raise land rates was made following the 76th board meeting of the YEIDA, which is part of the Uttar Pradesh government's Industrial Development Ministry and manages land along the 165-kilometre-long Yamuna Expressway. According to an official statement, the land rate increase affects all residential, group housing, industrial, institutional, and commercial properties. According to the statement, the new rate of land allocation or auction has been set at Rs 24,600 per square metre for the residential category. According to last year's statement, it will be Rs 18,510 per square metre in 2022-23. The rate for group housing is now Rs 30,750 per square metre, up from Rs 23,140 per square metre previously. The 'Sector Plan' with floor area ratio (FAR) up to two now costs Rs 49,200 per square metre in the commercial category, while the 'Master Plan' with FAR greater than two now costs Rs 59,100 per square metre, according to the statement. These rates were Rs 38,000 per square metre and Rs 46,000 per square metre in 2022-23, respectively. According to the statement, land rates for religious structures, orphanages, widow homes, and elderly shelters have been raised to Rs 9,670 per square metre from Rs 6,900 per square metre. It showed that land rates for corporate offices were set at Rs 23,770 per square metre, hospitals at Rs 21,650, industries at Rs 13,542 and IT and IT-enabled services at Rs 16,300 per square metre. The YEIDA has increased the rates for allotment/auction of land in residential, group housing, commercial, industrial, institutional categories. The increase is in lieu of reasons including the acquisition of land from farmers at the rate of Rs 3,100 per square metre, cost of internal and external development projects, special projects and schemes which have been implemented in 2022-23, the YEIDA said in the statement. The YEIDA owns 12.50 percent of the Noida International Airport, which is currently under construction in Jewar, about 75 kilometres from Delhi. Yamuna International Airport Private Limited, a wholly owned subsidiary of Zurich International Airport AG, is developing the greenfield airport. The airport's first phase is expected to be completed in September 2024. Arun Vir Singh, the CEO of YEIDA, is also the chairperson of the Noida International Airport Limited (NIAL), which is implementing the UP government's joint venture airport project. See also:YEIDA proposes new land projects with a target of Rs 60,000 croreYEIDA plans mixed land-use scheme for industries, housing

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..