Greater Noida Land Prices Increase: GNIDA Plans 5-8% Hike

The Greater Noida land prices increase is set to take effect in the financial year 2025-26, with the Greater Noida Industrial Development Authority (GNIDA) planning a 5-8% hike across all land categories. This proposed revision, expected to be approved in the March board meeting, is part of a broader strategy to fund key infrastructure projects and improve urban facilities.

Why Is the Greater Noida Land Prices Increase Happening?

The Greater Noida land prices increase is being driven by major urban development plans and the rising demand for real estate in the region. The GNIDA has outlined several key reasons for this adjustment:

Expansion of infrastructure projects in Greater Noida and Greater Noida West
Investment in connectivity, including metro expansion and the Noida International Airport
Increased budgetary allocation for real estate and urban development initiatives

Revised Land Rates Across Categories

The Greater Noida land prices increase will affect residential, commercial, industrial, and institutional plots. Below are the current land rates before the proposed hike:

Industrial Plots: ₹9,920 – ₹30,788 per sqm
Residential Plots: ₹31,877 – ₹47,227 per sqm
Commercial Plots (2 FAR): ₹57,176 – ₹66,602 per sqm
Group Housing Plots: ₹38,484 – ₹54,493 per sqm
Institutional Plots: ₹14,294 – ₹27,246 per sqm

This price revision follows a 5% increase last year, reinforcing GNIDA’s strategy to align land rates with infrastructure growth and rising property demand.

Major Infrastructure Projects Behind the Price Hike

The Greater Noida land prices increase is directly linked to several large-scale projects that aim to enhance the region’s connectivity and livability. The GNIDA has expanded its budget for FY 2025-26 to ₹5,600 crore, up 20% from ₹4,859 crore in the previous year.

Key projects influencing land prices include:

Noida International Airport – ₹100 crore allocated
Metro Expansion – ₹70 crore set aside
Internal Development Works – ₹120 crore for road and urban improvements

With these projects in progress, Greater Noida’s real estate market is expected to see steady appreciation, making land investments more valuable in the coming years.

Challenges in Budget Utilization

Despite the planned Greater Noida land prices increase, the actual spending in FY 2024-25 was significantly lower than expected. Out of the ₹4,859 crore budget, only ₹1,180 crore had been spent by January 2025.

The Authority had allocated funds for:

Major Development Projects – ₹120 crore
Residential & Vendor Markets – ₹59 crore
Special Projects – ₹930 crore
Land Acquisition – ₹1,200 crore (largely unutilized)
Construction & Development Works – ₹1,272 crore (remained underutilized)

While funds were allocated, many projects remained stuck in the planning phase, delaying progress.

Market Implications for Buyers & Investors

The Greater Noida land prices increase will directly impact buyers and investors, as rising land rates could push up property costs across residential, commercial, and industrial sectors.

With upcoming developments like the Noida International Airport and metro expansion, real estate values are expected to climb further. Potential buyers should factor in these changes when planning property investments in Greater Noida.

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