Land to Be Acquired at ₹5000 per Square Meter: Farmers in Noida and Greater Noida Set for a Bright Future
International Jewar Airport: Farmers in Noida and Greater Noida are on the verge of a significant transformation. On Friday, Uttar Pradesh Chief Minister Yogi Adityanath announced an increase in land rates during a meeting with farmers at his residence in Lucknow.
Farmers from Noida and Greater Noida met with Chief Minister Yogi Adityanath in Lucknow. During the discussion, the CM announced plans to increase land rates in these regions. He stated that the third phase of land acquisition for the Noida International Jewar Airport is underway, with compensation set at ₹4100 per square meter. CM Yogi also hinted that the rate could increase to ₹5000 per square meter and mentioned that the airport’s inauguration is scheduled for April, with the Prime Minister officiating the event.
Farmers Bore the Brunt of Previous Governments’ Failures
According to a Hindustan report, CM Yogi acknowledged the struggles faced by farmers due to the inefficiencies of past governments. “We have addressed many shortcomings from previous administrations, but there’s still much to be done. Court-pending cases are beyond our control as the judiciary is independent, but issues within the government’s or authorities’ purview have been resolved,” he said. The CM emphasized that past inefficiencies affected everyone, including farmers.
Land Acquired in Two Phases
CM Yogi detailed the progress of land acquisition for Jewar Airport, stating, “In the first phase, we acquired 1334 hectares of land and compensated farmers at ₹2300 per square meter. In the second phase, 1365 hectares were acquired with compensation at ₹3100 per square meter.”
Increased Compensation in the Third Phase
For the ongoing third phase, the compensation rate has been increased to ₹4100 per square meter. “We have steadily raised the rate from ₹2300 to ₹4100 per square meter,” said the CM, highlighting the government’s efforts to provide fair compensation.
Land Rates Could Reach ₹5000 per Square Meter
The Chief Minister also signaled further increases, saying, “Do not consider ₹4100 as the final rate. It can be raised to ₹4500 per square meter and may even reach ₹5000 in the future.” He instructed the Yamuna Development Authority’s CEO to prioritize farmers’ concerns and increase the base rate of land to ₹4500 per square meter, paving the way for further growth.
This announcement is a boon for farmers and marks a significant step toward developing Noida International Jewar Airport as Asia’s largest airport.
Why Invest Near Jewar Airport?
Jewar Airport is not just an infrastructural project; it is a game-changer for the region. Here’s why it is a lucrative investment opportunity:
- Unprecedented Connectivity:
Jewar Airport will be one of Asia’s largest airports, offering seamless domestic and international connectivity. This will make the surrounding region a prime choice for businesses and residents alike. - Economic Boom:
With the development of the airport, the area is expected to attract global and domestic companies, IT hubs, and logistics parks, significantly boosting the local economy and creating job opportunities. - Soaring Property Value:
Land prices near Jewar Airport have already seen a consistent rise, and with increasing demand, property values are set to skyrocket, promising high returns on investment. - World-Class Infrastructure:
The region is being developed as a modern urban hub with world-class facilities such as expressways, metro connectivity, industrial parks, and residential townships. - Strategic Location:
Jewar Airport is strategically located close to major cities like Delhi, Noida, and Greater Noida, making it a central hub for businesses, travelers, and investors. - Government Incentives:
The state government has shown a strong commitment to developing the region, ensuring rapid infrastructural growth and a conducive environment for investment. - Future Growth Potential:
Projects like the Film City, logistics hubs, and smart city developments in the vicinity of Jewar Airport add to the area’s long-term growth prospects.
Investing near Jewar Airport is a strategic decision for those seeking high ROI, unparalleled growth opportunities, and a stake in one of India’s most promising real estate markets.
