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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..