Housing prices to rise near Noida International airport
Real Estate

Housing prices to rise near Noida International airport

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 crore
YEIDA plans mixed land-use scheme for industries, housing


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

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?