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

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..