Noida- The Noida Authority has taken a major decision on compensation for farmers whose land is acquired for development projects. At its board meeting held on Saturday, the authority approved a proposal to increase land compensation for farmers in the Noida area by around 53%. The compensation will now rise from ₹4,224 to ₹6,459 per square metre. The provision of developed residential plots equivalent to 5% of the acquired land will continue.
The decision comes after nearly five years and is aimed at increasing the financial benefits available to farmers affected by land acquisition. According to the authority, the objective is not merely to raise the value of land but also to make farmers stakeholders in the development and economic growth of Noida and the proposed New Noida.
The board meeting also approved changes to the compensation structure for New Noida, the proposed Dadri-Noida-Ghaziabad Investment Region. The project covers around 80 villages. Earlier, the entire New Noida region was to receive compensation at rates equivalent to those offered by the Yamuna Authority. Under the revised decision, the first and second phases will follow Greater Noida Authority rates, while the third and fourth phases will follow Yamuna Authority rates.
₹5,725 per square metre for first two phases
Of the 80 villages proposed to be included in New Noida, 20 are located in the Dadri tehsil of Gautam Buddh Nagar and 60 are in Bulandshahr district. According to the Master Plan-2041, the investment region is planned to be developed in four phases.
The first phase covers 3,165 hectares and is proposed to be developed by 2027. The second phase will cover 3,798 hectares by 2032, the third 5,908 hectares by 2037 and the fourth 8,230 hectares by 2041.
Under the new decision, farmers in the first and second phases will receive compensation at ₹5,725 per square metre along with developed residential plots equivalent to 6% of their acquired land. Farmers who opt not to take the developed plots will receive ₹6,415 per square metre.
For the third and fourth phases, compensation has been fixed according to Yamuna Authority rates. Farmers will receive ₹4,558 per square metre. Where a 7% developed residential plot is provided, the compensation rate will be ₹4,037 per square metre.
April 6 decision modified
The Noida Authority had decided on April 6 to provide compensation across the entire New Noida region at rates equivalent to those of the Yamuna Authority. The latest board meeting has modified that arrangement, introducing different compensation structures for the four development phases.
The revision is expected to provide greater compensation benefits to farmers whose land falls within the first two phases. The authority plans to develop New Noida as a major industrial, commercial and investment hub, making the compensation package an important component of the land acquisition process.
₹2,235 increase per square metre in Noida
In the existing Noida area, farmers were earlier receiving ₹4,224 per square metre along with developed residential plots equivalent to 5% of the acquired land. Under the new decision, the compensation will increase to ₹6,459 per square metre.
This represents an increase of ₹2,235 per square metre. The 5% developed residential plot provision will remain unchanged.
Farmers who choose not to take the developed residential plot were earlier entitled to ₹5,324 per square metre. The authority has also revised the compensation framework for such cases under the new arrangement.
Land for Police Commissioner’s Office
The board also decided to provide 13,347 square metres of land free of cost for the construction of the Police Commissioner’s Office. The land will be made available in Sector 153.
Noida Authority Chief Executive Officer Krishna Karunesh said the increase in compensation was not intended merely to provide farmers with the value of their land. The broader objective, he said, was to make farmers partners in the development and economic prosperity generated by Noida and New Noida.
The revised compensation structure is expected to have a significant bearing on the upcoming land acquisition process as the region prepares for large-scale industrial, commercial and infrastructure development.
