Noida Authority Sets Land Acquisition Rate at Rs 4,300 per sqm for New Noida Project
Noida Sets Land Rate for New Noida Project at Rs 4,300/sqm

Noida Authority Fixes Land Acquisition Rate for New Noida Project

The Noida Authority has officially established the land acquisition rates for the third and fourth phases of the ambitious Dadri-Noida-Ghaziabad Investment Region, commonly referred to as New Noida. The rate has been set at Rs 4,300 per square meter, aligning precisely with the revised rates previously determined by the Yamuna Expressway Industrial Development Authority for the Noida International Airport project.

Historical Context and Project Scope

This decision marks a significant step in the development of DNGIR, which will encompass a vast area of 209 square kilometers spread across 84 villages in the districts of Gautam Budh Nagar and Bulandshahr. Of these villages, 63 are located in Bulandshahr district, while 21 fall within GB Nagar. According to the 2011 Census data, these villages collectively house a population of 151,778 residents.

The land acquisition rates have seen a notable evolution over time. In the initial phase for the airport project, the rate stood at Rs 2,100 per sqm, which was subsequently increased to Rs 3,100 per sqm during the second phase. The current rate of Rs 4,300 per sqm for New Noida reflects a strategic alignment with the Yamuna Expressway Authority's pricing, ensuring consistency across major infrastructure initiatives in the region.

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Phased Development and Implementation Strategy

The DNGIR project is structured into four distinct phases, each with specific timelines and land coverage:

  • First Phase (2023-27): Approximately 3,165 hectares
  • Second Phase (2027-32): About 3,798 hectares
  • Third Phase (2032-37): Roughly 5,908 hectares
  • Fourth Phase (2037-41): Around 8,230 hectares

In total, the entire project will span an impressive 20,911 hectares. The development methodology will mirror the successful approach employed in Noida, where the Authority acquires land, establishes essential infrastructure such as roads, water supply systems, and parks, and subsequently allocates plots to investors and developers.

Official Statements and Procedural Details

Noida CEO Krishna Karunesh confirmed that the Authority's board meeting on April 6 granted approval for the land rate, bringing it in line with the Yamuna Authority's standards. "We are now poised to accelerate the project's progress. Within the next two to three weeks, we will assemble dedicated teams to visit the designated areas and engage with local landowners to secure their consent," Karunesh stated.

Unlike the Noida airport land acquisition, where the district administration served as the acquiring body, negotiated compensation, and transferred the land to the Authority, the New Noida project will adopt a different approach. The Noida Authority plans to acquire land through mutual agreements directly with farmers, avoiding compulsory acquisition methods.

Master Plan and Industrial Vision

As outlined in the DNGIR Master Plan 2041, the project aims to establish a modern industrial development hub. The proposed industries set to emerge in the area include:

  1. Information Technology and IT-enabled Services
  2. Electronics and Electrical Manufacturing
  3. Semiconductor Chip Production
  4. Automobile Industry
  5. Solar Panel Manufacturing
  6. Food Processing Industry
  7. Textile and Garment Industry
  8. Cement and Tiles Industry

The notified DNGIR planning area has already been witnessing rapid population growth, driven by the emergence of Noida and Greater Noida as established industrial hubs. In August 2023, the Noida Authority board approved the draft master plan-2041 for DNGIR, which received final endorsement from the Uttar Pradesh government in October 2024.

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Community Engagement and Farmer Perspectives

The Authority has initiated dialogues with village heads in key areas such as Jokhabad and Sanwali in Bulandshahr, where land acquisition is planned. However, Bhartiya Kisan Union (Tikait) spokesperson Pawan Khatana emphasized that while the development of New Noida is a positive move, there are concerns regarding compensation fairness. "The circle rate in these villages has remained unrevised for many years. It is imperative to update the circle rate and then provide four times the compensation as mandated by the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act of 2013," Khatana remarked.

This comprehensive initiative underscores the Noida Authority's commitment to fostering industrial growth while navigating the complexities of land acquisition with a focus on mutual agreement and regulatory compliance.