Uttar Pradesh Chief Minister Yogi Adityanath has taken a decisive step to fix the long-standing problems slowing down development in the National Capital Region (NCR). He has ordered a strict revision of land acquisition rates, meaning the government will now pay significantly more money to buy land from farmers in Noida and Greater Noida.
This announcement came during the Chief Minister’s important visit to the upcoming Noida International Airport in Jewar. It signals that the state government is serious about ending the disputes between local farmers and development authorities that have stopped progress for years.
The New Proposed Compensation Rates
Government officials have realized that the old prices offered for land are too low compared to current market values. To fix this, they have sent a proposal to the state headquarters in Lucknow to increase the rates.
Here is how the prices are expected to change:
- Noida: Currently, the government pays ₹5,100 per square meter. The new proposed rate is approximately ₹9,000 per square meter.
- Greater Noida: Currently, the rate is ₹4,100 per square meter. This is likely to increase to ₹7,000 per square meter.
- Yamuna Expressway Area (Jewar): The rates here were already increased recently in 2024 to ₹4,300 per square meter. Because this happened so recently, officials say a further increase for this specific area is not expected right now.
Why is the Government Doing This Now?
The main reason for this sudden increase is to save a massive project called the Dadri-Noida-Ghaziabad Investment Region (DNGIR), popularly known as “New Noida.”
The government has a “Master Plan 2041” to build this new city, but they are facing a major roadblock. To build New Noida, the authorities need to buy huge amounts of farmland across 80 villages.
- 20 of these villages are in the Gautam Buddha Nagar district.
- 60 of these villages are in the neighboring Bulandshahr district.
Farmers in these areas have refused to sell their land at the old, cheap rates. This refusal created a stalemate. By nearly doubling the price, the government hopes to convince farmers to sell so they can acquire 3,165 hectares of land needed to start the first phase of construction before 2027.
Because “New Noida” is so big that it spills over into the Bulandshahr district, managing it has been difficult. To solve this, the Noida Authority is changing how it operates.
For the first time, two senior officers from the Bulandshahr administration will join the board of the Noida Authority. This is a big change in how things are run. having these officers on the team will help cut through red tape and ensure that farmers in Bulandshahr get their payments quickly without bureaucratic delays.
This decision didn’t happen out of nowhere. It is the result of months of protests and pressure from farmer groups, such as the Bharatiya Kisan Union (BKU). Since late 2023, farmers have held many large meetings (Mahapanchayats) demanding two main things:
- Equal Pay: They argued that if their land is being taken for the same type of project (like a road or industry), they should get the same price, no matter which “Authority” is buying it.
- The 10% Rule: Farmers have long demanded that 10% of the developed land be given back to them as residential plots so they can live there. This rule was not always followed in the past, causing anger.
What Does This Mean for Real Estate Investors?
If you are looking to buy property or invest in the region, this news has both positive and negative sides.
The Positive Side: The biggest benefit is speed. Once the farmers are happy with the price, they will stop protesting. This means roads, metro lines, and industrial parks will be built much faster without getting stuck in legal battles.
The Negative Side (Higher Prices): However, there is a cost. If the Noida Authority has to pay ₹9,000 per square meter to buy the land, they will have to charge much more when they sell that land to private builders and companies.
Real estate experts predict that this cost will be passed down to the final buyer. As a result, property prices in new sectors of Noida and Greater Noida could increase by 15% to 20% over the next 12 to 18 months.
