Land Compensation Hike: Yamuna Authority Raises Rates by 6%, Bringing Major Relief to Noida and Bulandshahr Farmers
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In a significant move that brings financial relief to landowners while accelerating regional infrastructure development, the Yamuna Expressway Industrial Development Authority (YEIDA) has officially revised its land compensation rates. Approved during the crucial 90th board meeting chaired under high-level administration, the authority has hiked compensation by six percent, a decision set to directly benefit farmers across the Gautam Buddha Nagar and Bulandshahr regions.
New Compensation Rates and Key Allocations
Under the revised structure, the land compensation rate has been increased from ₹4,300 per square meter to ₹4,558 per square meter. Additionally, compensation for seven percent populated (abadi) plots has been fixed at ₹4,037 per square meter. This adjustment aligns with YEIDA Phase-1 developments, mirroring the benchmarks earlier established during land acquisitions for the neighboring Noida International Airport.
Accelerating Industrial Development and Land Acquisition
To streamline infrastructural projects and build a robust land bank for upcoming industrial corridors, YEIDA's leadership emphasized the necessity of re-determining these financial terms. YEIDA Chief Executive Officer (CEO) Rakesh Kumar Singh stated that landowners who voluntarily sell their land with consent will now receive compensation at the enhanced rate of ₹4,558 per square meter. This upward revision is designed to foster smoother negotiations between farmers and the authority, facilitating unhindered land acquisition for vital commercial and industrial zones.
Impact on Future Allotment Rates
While the compensation hike is a welcome development for farmers, it is expected to influence broader real estate metrics within the authority's jurisdiction. Industry analysts note that YEIDA previously elevated allotment rates by 3.58 percent for the ongoing financial year. Because approximately 55 percent of acquired land is directly allotted for commercial and residential use—while the remaining portion is allocated for green belts, arterial roadways, and farmers' 7% residential plots—rising acquisition costs will inevitably factor into future property allotment pricing across the Yamuna Authority region.
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