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Land price around the upcoming Jewar airport in Uttar Pradesh is rising sharply because of high demand among realtors, combined with low availability of land

Upcoming Jewar airport pushes Yamuna Expressway land rates up 38% in 3 years; highest in India 

Land price around the upcoming Jewar airport in Uttar Pradesh is rising sharply because of high demand among realtors, combined with low availability of land. 

Yamuna Expressway Industrial Development Authority (YEIDA) area or the destination of the upcoming Jewar airport near Noida in Uttar Pradesh is currently the most-in-demand in India and has registered 38 per cent rise in rates in three years, the highest in the country.  

A report released by real estate researchers Anarock on Thursday showed that the average prices of plots on Yamuna Expressway stood at Rs 1,600 per sq ft in 2019 but have now shot up to Rs 2,200 per sq ft.

“The sharp rise in prices of the YEIDA area is the result of the construction of the Jewar International Airport. Since the time when the project was announced, prices in the region have shot up around 30-40 per cent. This is the highest land price rise that a micro market has seen among all the top seven cities,” Santhosh Kumar, Vice Chairman, Anarock told Business Today. 

CEO of YEIDA and Noida International Airport Limited (NIAL) Arun Vir Singh told Business Today that the prevailing market rates of the land in YEIDA is much higher than the circle rates at which YEIDA is offering plots.  

“Our current circle rate for YEIDA is Rs 18,510 per sq m. The market rates for these plots, we have learned, is around Rs 25,000 to Rs 30,000 per sq m,” Singh said.

Kumar added, “Plotted land price witnessed a sharp rise over the pandemic years. The other reason for the sharp rise cited was the limited availability of land in the area as well. Additionally, the price hike is also the effect of a rise in circle rates.” 

https://www.businesstoday.in/real-estate/story/upcoming-jewar-airport-pushes-yamuna-expressway-land-rates-up-38-in-3-years-highest-in-india-342265-2022-07-21

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Area development

In Single Stroke Greater Noida Authority Increases Residential Land Prices by 40% from Rs. 5K to 7K per sq meter.

Buying property goes expensive in Greater Noida! Rates hiked for residential and farm land; check here

The Greater Noida Industrial Development Authority (GNIDA) on Tuesday said it has increased the minimum rate for buying farmland from Rs 3,500 per square metre to Rs 3,750 per sq metre with effect from April 1.

Buying property goes expensive in Greater Noida! Rates hiked for residential and farm land; check here

The GNIDA also announced an increase of around Rs 5,000 to Rs 7,000 per square metre in rates for residential sectors.Share:Edited By:

Zee Media Bureau
Updated:Apr 05, 2022, 23:24 PM IST

The Greater Noida Industrial Development Authority (GNIDA) on Tuesday said it has increased the minimum rate for buying farmland from Rs 3,500 per square metre to Rs 3,750 per sq metre with effect from April 1.

The GNIDA also announced an increase of around Rs 5,000 to Rs 7,000 per square metre in rates for residential sectors of Greater Noida. The prices of industrial and commercial land have also been hiked but the new rates would be notified soon, it said.

The decision, announced after the 126th board meeting of GNIDA held in Greater Noida on Tuesday, would benefit thousands of landowners in the villages falling under its notified area.

There are nearly 300 villages that fall in the notified area of GNIDA, which was formed in 1991 and functions under the Uttar Pradesh infrastructure and industries department.

“In the board meeting chaired by GNIDA chairman and UP Industrial Development Commissioner Sanjeev Mittal, a proposal was made by GNIDA CEO Narendra Bhooshan to increase the purchase price for buying land directly from the farmers,” an official statement said.

“The board accepted it and increased the purchase price by Rs 250 per square metre from Rs 3,500 per square metre to Rs 3,750 per square metre,” it added.
The purchase price for buying land directly from farmers in villages under the GNIDA was fixed at Rs 3,500 per square metre in 2016.

For residential sectors have been divided into four separate categories ? A, B, C and D. The new rates per sq metre of land will be Rs 39,000 for category A, Rs 36,000 for category B, Rs 34,000 for category C and Rs 29,000 for category D, the GNIDA said.

The old rates per sq metre were Rs 33,300 for category A, Rs 31,250 for category B, Rs 27,088 for category C and Rs 24,060 for category D, it added.
Sectors Alpha 1, 2, Beta 1, 2, Gamma 1, 2, Delta 1, 2, 3 and Swarn Nagri fall in category A.

Sectors CHI 2, CHI 3,CHI 4, CHI 5, CHI-PHI EXT. P 1, P 2, P 3, P 4, P 5, P 6, P 7, P 8, PI 1, PI 2, PHI 1, PHI 2, PHI 3, PHI 4, PHI-CHI, Sector-36 and Sector-37, Sector 2, 3 are in category B.

Category C includes sectors Eta 1, Omicorn 1, 1A, 2 and 3, XU 1, 2 and 3, Zeta 1 and 2, MU 1 and 2, Sigma 1, 2, 3 and 4; while category D includes Sectors 1, 11, 12, 16, 4, 16C, 17, 20 and Sector-Tech zone, the GNIDA said.

Bhooshan said the interest of investors for industrial investments in Greater Noida is increasing rapidly with companies from not only within the country but also from overseas asking for land to set up industries.

“The GNIDA is trying to develop industrial sectors by buying land from farmers, so that industrial investment can increase further and employment opportunities can be created for the youth. From April 1, 2022, it has been decided to buy land from farmers at the new rate,” he added.

https://zeenews.india.com/india/buying-property-goes-expensive-in-greater-noida-rates-hiked-for-residential-and-farm-land-check-here-2451035.html

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Area development

Plans for Bodaki Rail and Bus Terminal finalised

बोड़ाकी को एनसीआर का प्रमुख ट्रांसपोर्ट हब बनाने की तैयारी शुरू हो गई है। यहां 14 एकड़ में बस अड्डा, वर्कशाप व सीएनजी स्टेशन बनेगा। वहीं बोड़ाकी स्टेशन एक बड़े रेलवे टर्मिनल के रूप में विकसित होने जा रहा है। इसके बाद यहां से पूर्वाचल की अधिकांश ट्रेनें चलेंगी। नोएडा-ग्रेटर नोएडा मेट्रो को भी आगे बढ़ाते हुए बोड़ाकी तक ले जाने की कागजी प्रक्रिया शुरू हो गई है।

https://www.jagran.com/uttar-pradesh/noida-ncr-bus-stand-cng-station-and-workshop-will-be-built-on-14-acres-near-bodaki-22276983.html

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Area development

Noida International Airport: Ten things you should know

Prime Minister Narendra Modi laid the foundation stone for the upcoming Noida International Airport today. The airport, which is roughly 80 kms from Delhi’s Indira Gandhi airport, is in line with the Centre’s vision towards boosting connectivity and creating a future-ready aviation sector.

Read more at:
https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/ten-things-you-should-know-about-the-upcoming-noida-international-airport/articleshow/87905787.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

“By last phase, Noida Airport will surpass Delhi’s IGI Airport and become India’s leading airport,” he added.

The first phase of Jewar airport will entail an investment of Rs 8,914 crore and the initial annual passenger handling capacity will be 12 million. Spread over 1,330 acres of land, the Noida airport is expected to handle most of Lucknow’s international traffic that comes to Delhi apart from the 15% traffic from western Uttar Pradesh.

As per PMO, the airport is strategic ..

Read more at:
https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/ten-things-you-should-know-about-the-upcoming-noida-international-airport/articleshow/87905787.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Area development

Yamuna E-Way Plots Rate Growth Examples

Please note that since 2009, 10 times Appreciation has taken place in Yamuna Expressway Plots. This was before starting of Jewar International Airport/ Film-City and other developments that are now taking place in Yamuna Expressway.

See the sample allotment letter of 2009 @ Rs 4750/- per square meter

And Compare with current offers of plots

Magic Bricks  in Gaur 1.100 sq yard /83 sqm   42 Lakhs Rs 4667sft  in Gaur Yamuna /Rs 50600 sqm
https://www.magicbricks.com/propertyDetails/100-Sq-yrd-Residential-Plot-FOR-Sale-Yamuna-Expressway-in-Greater-Noida&id=4d423533323831373331

2.150 sq yard/125 sqm   57.5 lakh  Rs 4259 sft / Rs 46000 sqmhttps://www.magicbricks.com/propertyDetails/150-Sq-yrd-Residential-Plot-FOR-Sale-Yamuna-Expressway-in-Greater-Noida&id=4d423530383437313434

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Area Updates

Jewar attracts early bird investment, YEIDA increased land price and Noida sale down

Market action shifts to Jewar, Lukewarm Response to Noida.

While plots floated by the Noida Authority did not find many takers, the one put up sale near the Jewar airport site by authority have been selling by hotcakes.

Those who are looking for Ready to Move Studio Apartments/ Commercial or nearly Ready to Move Residential Flats in Society discounted Projects, near upcoming Jewar International Airport

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Media news Noida Area

Noida International Airport,Foundation stone in Feb,Airport Metro link updates

Great news! Jewar International Airport to have Delhi-Jewar Airport Metro Line for connectivity to NCR

By:  | Published: January 30, 2019 10:38 AM

The airport metro line will take passengers from Greater Noida to Jewar International Airport’s terminal. It will be planned for the need of punctuality to enable the passengers to reach the airport terminal in time for flights.

DMRC will soon present the feasibility report of the Delhi-Jewar Airport Metro Line to Yamuna authorities

Delhi-Jewar Airport Metro Line: Travelling to the new Jewar International Airport that is coming up in Greater Noida will become easier for passengers! The Delhi Metro Rail Corporation (DMRC) will soon present the feasibility report of the Delhi-Jewar Airport Metro Line to the Yamuna authorities, according to a Dainik Jagran report. The authorities will then put forward the report in the upcoming board meeting. The airport metro line will take the passengers from Greater Noida to Jewar International Airport’s terminal. The airport metro line will be planned keeping in mind the need for punctuality to enable the passengers to reach the airport terminal in time for flights.

Two types of metro will be operated over the airport route. This airport metro line will have very few stoppages from the distance between Delhi and Jewar and hence, will take the passengers to the airport in a very short time. The other metro service on this route will be similar to other metro trains and will stop at all stations on the route. This particular metro train will be operated for the people residing in and around the Yamuna authority area. They will have separate lines on the stations.

The new airport metro line has been proposed for seamless connectivity between the Jewar International Airport to Delhi-NCR (National Capital Region). In the month of September last year, the Yamuna authorities had delegated the DMRC to present the metro feasibility report. The authorities want to get the report prepared as soon as possible and get all the formalities completed as well. They are eager for the timely completion so that the construction of the airport metro line starts simultaneously with the Jewar International Airport, the report said. In this way, both, the air services from the airport as well as the metro services for reaching the airport will be made available for passengers. DMRC has promised to present the feasibility report to the authorities in the next 10-15 days. The feasibility report will be presented for acceptance in the upcoming board meeting of the authorities in February, the report added.

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Media news Noida Area

जेवर एयरपोर्ट की जमीन के लिए सरकार देगी 2300 रुपये प्रति वर्ग मुआवजा

प्रदेश सरकार नोएडा के जेवर इंटरनेशनल ग्रीनफील्ड एयरपोर्ट की जमीन के लिए किसानों को 2300 रुपये प्रति वर्ग मीटर के हिसाब से मुआवजा देगी। कैबिनेट ने इससे संबंधित प्रस्ताव पर सोमवार को अपनी मुहर लगा दी है।

सरकार के प्रवक्ता ने बताया कि एयरपोर्ट का विकास पीपीपी मोड पर किया जाएगा। अर्जित भूमि को 90 साल के लिए लीज पर देगी और इसके लिए नोएडा इंटरनेशनल एयरपोर्ट लिमिटेड को अधिकृत किया गया है। नोएडा इंटरनेशनल एयरपोर्ट लि. विकासकर्ता के चयन के साथ ही भूमि को 90 साल के लिए लीज अथवा किसी अन्य प्रकार से दे सकेगा।

कैबिनेट ने एयरपोर्ट के लिए 2300 रुपये प्रति वर्गमीटर की दर से 1239.1416 हेक्टेयर भूमि को अधीग्रहीत किया जाएगा। इस पर करीब 2852 करोड़ रुपये खर्च होंगे। जमीन अधिग्रहण की कुल लागत करीब 4500 करोड़ रुपये होगी। इसमें से राज्य सरकार ने अपने हिस्से के 1500 करोड़ रुपये की प्रशासकीय और वित्तीय मंजूरी दे दी है। गौरतलब है कि किसान जमीन के एवज में तीन हजार रुपये प्रति वर्ग मीटर मुआवजा मांग रहे थे। किसानों की मुख्यमंत्री योगी आदित्यनाथ से वार्ता भी हुई थी, जिसके बाद बीच का रास्ता निकाला गया है।

जमीन अधिग्रहण पर होने वाले खर्च की 2.50 फीसदी धनराशि को नागरिक उड्डयन विभाग द्वारा राजस्व विभाग को देने से छूट भी दे दी गई है। इस एयरपोर्ट के तहत पड़ने वाले तमाम सरकारी विभागों की भूमि और परिसंपत्तियां जिसका मूल्यांकन डीएम कर रहे हैं। ऐसी जमीन व परिसंपत्तियों को संबंधित विभागों द्वारा नि:शुल्क नागरिक उड्डयन विभाग को देने के फैसले पर भी मुहर लगाई गई है। खास बात यह है कि किसानों के पुनर्वास के लिए जरूरी रकम का आकलन डीएम गौतमबुद्धनगर से मिलने पर प्रशासकीय और वित्तीय मंजूरी के लिए मुख्यमंत्री को अधिकृत किया गया है।

जेवर एयरपोर्ट के विकास के लिए तैयार कराए गए ‘रिक्वेस्ट फॉर प्रपोजल बिड’ के लिए केंद्र सरकार से मंजूरी मिलने के बाद पीएमआईसी द्वारा अगली कार्रवाई नोएडा इंटनरेशनल एयरपोर्ट लि. के सहयोग से करने की सहमति दे दी गई है। इस परियोजना के लिए समय-समय पर जरूरी फैसले लेने के लिए कैबिनेट ने मुख्यमंत्री को अधिकृत कर दिया है

जेवर एयरपोर्ट के विकास का काम अब गति पकड़ेगा। 1239 हेक्टेयर भूमि अधिग्रहण के लिए जरूरी 4500 करोड़ में से राज्य सरकार ने अपने हिस्से 1500 करोड़ रुपये की वित्तीय स्वीकृति दे दी है। जल्द ही इस एयरपोर्ट के लिए भूमि अधिग्रहण शुरू हो जाएगा।- नंद गोपाल गुप्ता ‘नंदी’, मंत्री नागरिक उड्डयन विभाग

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Media news

NBCC Olympic Sports City proposed near Jewar Airport includes our project also

https://www.insidesport.co/jewar-airport-project-can-be-indias-gateway-to-olympics-report/

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Area Updates

Noida International Airport takes off. Foundation stone to be laid in October 2018

नोएडा (जेएनएन)। जेवर इंटरनेशनल एयरपोर्ट के लिए जमीन अधिग्रहण का रास्ता शनिवार को साफ हो गया है। प्रथम चरण में निर्माण के लिए छह गांवों की 1334 हेक्टेयर भूमि की आवश्यकता है। जमीन अधिग्रहण की कार्रवाई शुरू करने से पहले 70 फीसद भूमि के लिए किसानों की सहमति जरूरी थी। इस आंकड़े को प्रशासन ने पार कर लिया है।

शनिवार को 228 किसानों ने करीब 80 हेक्टेयर जमीन के लिए सहमति दी है। किसानों ने पहले जमीन के मुआवजे को कम बताकर सहमति देने से इन्कार कर दिया था। जिला प्रशासन और प्राधिकरण ने किसानों को 2300 रुपये प्रति वर्ग मीटर का मुआवजा देने का प्रस्ताव रखा था। वहीं किसान जमीन के सर्किल रेट का चार गुना अधिक मुआवजा मांग रहे थे। बाद में जेवर के विधायक ठाकुर धीरेंद्र सिंह के आग्रह पर किसान जमीन देने को तैयार हो गए।

जिला प्रशासन को अब तक करीब 2600 किसान एक हजार हेक्टेयर भूमि के लिए अपनी सहमति दे चुके हैं। सोमवार को प्राधिकरण व प्रशासन के आला अफसरों की जेवर एयरपोर्ट के संबंध में एक अहम बैठक होगी। जमीन अधिग्रहण का रास्ता साफ होने के बाद प्राधिकरण और प्रशासन अगला कदम उठाएंगे। संभावना है कि अक्टूबर में नवरात्रों के दौरान जेवर एयरपोर्ट का शिलान्यास होगा। प्रधानमंत्री नरेंद्र मोदी और मुख्यमंत्री योगी आदित्यनाथ एयरपोर्ट की आधारशिला रखेंगे।