New Noida land rates at par with YEIDA at Rs 4,300 per sqm

Noida: Noida Authority has fixed land acquisition rates for the third and fourth phases of the Dadri-Noida-Ghaziabad Investment Region (DNGIR), or New Noida, at Rs 4,300 per sqm, matching the revised rates set by the Yamuna Expressway Industrial Development Authority for the Noida International Airport project.

In the first phase, land acquisition for the airport was at Rs 21,00 per sqm, while the rate was Rs 3,100 per sqm in the second phase.The DNGIR project will span 209 sq km across 84 villages in Gautam Budh Nagar and Bulandshahr and will be developed in four phases. Out of a total of 84 villages, 63 villages are in Bulandshahr district and 21 villages are in GB Nagar. As per the 2011 Census, these villages have a total population of 1,51,778.The first phase (2023-27) will cover about 3,165 hectares, followed by 3,798 hectares (2027-32), 5,908 hectares (2032-37) and 8,230 hectares (2037-41) in subsequent stages. The entire project will be spread over 20,911 hectares.The development approach will mirror that of Noida, where the Authority acquires land, establishes infrastructure like roads, water supply and parks, and then allocates plots to investors, officials said.

Noida CEO Krishna Karunesh said that Authority in its board meeting on April 6 approved the land rate for DNGIR as par with the Yamuna Authority. “We will now expedite the project. In the next two to three weeks we will form teams that will visit the area and seek consent of local landowners,” he said.For Noida airport land, the district administration acted as the acquiring body, negotiated compensation and handed over the acquired land to Authority.

Under the New Noida project, Noida Authority has planned to acquire land through mutual agreement directly from farmers rather than compulsory acquisition.As per the DNGIR Master Plan 2041, the project aims to create a modern industrial development hub. Proposed industries to come up in the area include IT and ITeS, electronics and electrical, semiconductor chips, automobile industry, solar panel manufacturing, food processing industry, textile and garment industry, cement and tiles industry, etc.Additionally, the notified DNGIR planning area has been experiencing rapid population growth due to the emergence of Noida and Greater Noida as industrial hubs.In Aug 2023, the Noida Authority board approved the draft master plan-2041 for the DNGIR, which received final approval from Uttar Pradesh govt in Oct 2024. The Authority has also held talks with village heads in areas like Jokhabad and Sanwali in Bulandshahr, where land will be acquired.Bhartiya Kisan Union (Tikait) spokesperson Pawan Khatana said that the development of New Noida is a good move. “However, the circle rate of these villages has not been revised for several years. They should revise the circle rate and then give four times compensation as per Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013,” he said.