Noida authority raises land allocation rates by 6% for housing & industry

                Noida: Noida Authority increased its land 
allotment rates by 6% for residential, 
institutional (IT, ITES and data centres) and 
industrial categories. Rates for commercial 
properties, 
however, remain unchanged.
Residential plots in A+ sectors—premium 
areas like sectors 14A, 15A and parts of 44—
remain steady at Rs 1.75 lakh per sqm, for 
other areas plot prices now range from Rs 
51,000 
per sqm to Rs 1.3 lakh per sqm, with an 
increase of Rs 3,000 per sqm to Rs 7,500 per 
sqm.
Revised group housing plot rates range from 
Rs 73,320 to Rs 1.94 lakh per sqm, an increase 
of Rs 4,150 to Rs 11,000 per sqm. Institutional 
land rates have gone up by Rs 1,910 per 
sqm to Rs 4,400 per sqm and range between 
Rs 33,670 per sqm and Rs 77,620 per sqm.
For IT, IT-enabled services (ITES) and data 
centres, the allotment rate in key sectors like 1, 
16A, and 24 has gone up from Rs 73,220 per 
sqm to Rs 77,620 per sqm. In Phase 2, the 
price has increased from Rs 26,000 per sqm to 
Rs 27,560 per sqm, while in Phase 3, the cost 
has risen from Rs 37,340 per sqm to Rs 39,580 
per sqm.

For institutions such as nursery schools and 
colleges, the cost of land will be 50% of the 
rate of the nearest residential sector if allotted 
through an interview process. Meanwhile, for 
nursing homes, hospitals, and diagnostic 
centres, plots will be allocated through an e-
auction, with the rate matching that of the 
residential category in the respective sector.
The revised industrial land rates in phase 1 
were increased in the range of Rs 50,340 per 
sqm to Rs 77,620 per sqm, depending on the 
plot sizes. This is an increase of Rs 2,850 per 
sqm to Rs 4,400 per sqm. In phase 2 areas, 
land rates have risen from Rs 20,480-Rs 39,000 
per sqm to Rs 21,710-Rs 41,340 per sqm. In 
Phase 3, the rate has increased from Rs 
30,480-Rs 56,010 per sqm to Rs 32,310-Rs 
59,370 per sqm.
Currently, the Authority has 66,867 sqm of land 
in its bank to allot for industrial use, 3 lakh sqm 
for institutional use, 9,686 sqm for residential 
use, 91,820 sqm for group housing and 
10 lakh sqm of land for commercial purposes. 
The plots are likely to be allotted in the new 
fiscal year.
Noida Authority has, meanwhile, approved an 
Rs 8,732-crore budget for 2025-26, an increase 
of Rs 1,299 crore from the previous year, with 
the bulk of the spending going to 
infrastructure (Rs 2,410 crore) and the new 
international airport (Rs 1,600 crore). It has set 
a revenue target of Rs 9,008 crore.
It will also spend Rs 2,229 crore on the 
maintenance of civic facilities and Rs 224 
crore on village development in the new 
financial year.
In 2024-25, the Authority's budget outlay was 
Rs 7,433 crore with a revenue target of Rs 
7,713 crore. Till March 25, it collected Rs 6,809 
crore, which is 88% of its revenue target. The 
shortfall, officials said, was mainly due to 
delays in property allotment schemes and 
outstanding dues from builders.
The Authority spent only Rs 3,032 crore by 
March 25, slightly over 40% of its 2024-25 
budget.
The Authority had allocated Rs 1,000 crore for 
the development of New Noida (DNGIR) but 
was unable to utilise the funds. Similarly, Rs 
475 crore was set aside for metro expansion 
through Noida Metro Rail Corporation (NMRC), 
but no projects took off. Of the Rs 2,431 crore 
allocated for development projects, only Rs 
475 crore was spent by Feb 28.
Subsequently, the Authority adjusted its 
financial plans for the upcoming year. In its 
2025-26 budget, Rs 250 crore has been 
allocated for land acquisition in Noida. 
However, the 
budget for New Noida has been drastically 
reduced from Rs 1,000 crore to just Rs 10 
crore, reflecting the lack of progress in the past 
year.


Source : Times of India