Land rate hike by Noida authority to hit housing demand

17 Aug 2022 CW Team

Housing demand in Noida is likely to take a hit due to the Noida authority’s decision to increase land rates by 20% to 30% across several categories.

The hike was not unexpected (the last hike happened in October 2019), but it may eventually arrest housing demand as the overall cost of acquisition would go up for prospective homebuyers. The land rate hike comes alongside the recent rise in interest rates and property prices amid rising input costs.

“Ever since the construction of the Jewar International Airport began, there has been a spurt in real estate activity in and around the airport, inevitably leading to rise in land prices. Land prices have seen more than 30-40% rise in the last two years, particularly because of the ongoing airport and the other developments in the area,” said Santhosh Kumar, Vice Chairman - ANAROCK Group.

He added that as per ANAROCK research, the Yamuna Expressway has seen an over 38% rise in plot prices, from Rs 1,600 per sq ft in 2019 to nearly 2,200 per sq ft in H1 2022. This is the highest land price rise that a micro market has seen among the top seven cities.

"The move by the Noida authority would significantly raise the land prices in a city where affordability has been the main driver of demand amid coronavirus pandemic which was earlier reeling under instances of developer insolvency cases and project delays,” said Vikas Wadhawan, group CFO, Housing.com.

Of the total new launches in Uttar Pradesh in the last few months, developers have curtailed new launches in the National Capital Region because of the high land prices. They are looking to wait and watch.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..