Land rates in YEIDA area soar with Jewar airport coming up
AVIATION & AIRPORTS

Land rates in YEIDA area soar with Jewar airport coming up

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

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

“The sharp rise in prices in the YEIDA area is the result of the construction of the Jewar International Airport. This is the highest land price rise that a micro market has seen among the top seven cities,” Anarock vice chairman Santhosh Kumar said. The chief executive of YEIDA and Noida International Airport Ltd, Arun Vir Singh, said the prevailing market rates of land in YEIDA are 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.

See also:
Delhi-RERA calls for real estate projects to be registered
CMDA sets up cell to look into NOC delays


The Yamuna Expressway Industrial Development Authority (YEIDA) area, where the Jewar airport is coming up near Noida in Uttar Pradesh, is currently the most in-demand area in India, and has registered 38 per cent rise in land rates in three years, the highest in the country. A report released by real estate researchers Anarock showed that the average prices of plots on Yamuna Expressway, which stood at Rs 1,600 per square foot in 2019, have now risen to Rs 2,200 per sq ft. “The sharp rise in prices in the YEIDA area is the result of the construction of the Jewar International Airport. This is the highest land price rise that a micro market has seen among the top seven cities,” Anarock vice chairman Santhosh Kumar said. The chief executive of YEIDA and Noida International Airport Ltd, Arun Vir Singh, said the prevailing market rates of land in YEIDA are 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.See also: Delhi-RERA calls for real estate projects to be registeredCMDA sets up cell to look into NOC delays

Next Story
Infrastructure Energy

REC wins Gold Shield in ICAI Award for Excellence in Financial Reporting

REC Limited, a Maharatna Public Sector Enterprise and a leading NBFC- IFC under the Ministry of Power, Government of India, has been awarded ‘Gold Shield’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24’. The prestigious recognition reflects the commitment of our Company to excellence in financial reporting, transparency and adherence to the highest standards of accounting practices. The selection has been made based on the company’s accounting practices, policies ..

Next Story
Infrastructure Urban

Cooper Inaugurates State-of-the-Art Tractor Plant

Cooper Corporation, a globally renowned manufacturer of engines, engine components and generators, proudly inaugurated its state-of-the-art Tractor Plant in Satara, Maharashtra, on 1st February 2025. The event also marked the launch of the company’s first-ever tractor, the Cooper Tractor NDC Series, designed to revolutionize farming with its superior performance, fuel efficiency and innovative engineering. The inauguration ceremony was graced by Ch. ShivendraRaje Bhosale, Hon’ble Cabinet Minister for Public Works, Government of Maharashtra, as the Chief Guest. The event was also attended ..

Next Story
Infrastructure Energy

NMDC Records Best Ever Monthly Production in January 2025

State-owned NMDC produced 5.10 million tonnes (MT) and sold 4.48 MT of iron ore in January 2025. This strong performance sets a positive outlook for the year ahead. As NMDC remains focused on achieving record volumes in the upcoming fiscal year, cumulative production and sales stood at 35.87 MT and 36.22 MT, respectively, up to January 2025. The production performance in January 2025 is up by 12.33 per cent over the corresponding period last year (CPLY), reaching 5.10 MT, which is the best ever January month production since inception. This great start of the year underscores NMDC's commitme..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000