The Greater Noida Authority will likely increase the land rates by 5-8% in the financial year 2025-2026.
Published: Mar 15, 2025, 20:33 IST By : Mr Sarfaraz Ahmed (Head Investments,Land Assets )
in a recent development, the Greater Noida Authority is all set to increase land prices across various categories by 5-8% in the financial year 2025-26. This move is part of its strategy for funding major infrastructure projects. This is not exactly a good news for those who are planning to buy land in Gautam Buddha Nagar, as they will now have to shell out more money.
Uttar Pradesh’s CM Yogi Adityanath has also given his orders for implementation of new circle rates in Dadri too.
This proposed hike is expected to be approved in the March board meeting and will affect all land categories, including residential, commercial, industrial, and institutional plots. For the unversed, the rates were also increased by 5% last year too.
The industrial land rates range from Rs 9,920 to Rs 30,788 per square metre. On the other hand, the residential plots are priced between Rs 31,877 and Rs 47,227 per square metre.
For the uninformed, the commercial plots with 2 FAR (Floor Area Ratio) command the highest rates, which range between Rs 57,176 to Rs 66,602 per square metre. Apart from this, the group housing plots are priced between Rs 38,484 and Rs 54,493 per square metre, and institutional plots cost between Rs 14,294 and Rs 27,246 per square metre.
According to officials, the main reason for the rate adjustment is the ongoing major infrastructure projects in both Greater Noida and Greater Noida West.
This price increase aligns with the GNIDA’s expanded budget plans. These are all set to rise by 20% to over Rs 5,600 crore in FY 2025-26. This is a gap up of Rs 4,859 crore from 2024-25.
A key infrastructure project driving the price hike is the Noida International Airport. A budget of Rs 100 crore has been proposed for this project alone, and Rs 70 crore has also been allocated for metro network expansion.
For the airport, the authorities have quickened the process of land acquisition for both the third and fourth phases. For this, CM Yogi also ordered more compensation for the farmers.
With these ongoing projects and developments, the entire region’s connectivity and real estate value will be significantly enhanced. All the market analysts also suggest that potential buyers and investors factor in these upcoming price revisions in their purchase decisions. These new rates will likely be implemented in the next financial year.
However, there were many projects which also did not move beyond the planning stage. Yes, the authorities were not able to fully utilise the whopping budget of Rs 1200 crore for land acquisition. On the other hand, a budget of Rs 1,272 crore was also set aside for construction and development work. However, it largely remained unexecuted.
