Noida: Greater Noida Industrial Development Authority (GNIDA) revised property allotment rates across all categories by 3.5%. The board approved the revision on May 2, under which commercial property rates have touched Rs 98,776 per sqm, while residential plots in developed sectors are now priced at Rs 51,363 per sqm.The revision precedes the start of commercial operations at the Noida International Airport, which are slated to begin from June 15. Officials said the airport is expected to turn Greater Noida into a major economic and logistics hub, and they anticipate higher demand from investors, businesses and homebuyers.According to GNIDA additional CEO Sunil Kumar Singh, residential plots in Alpha 1, Alpha 2, Gamma 1, Gamma 2, Beta 1, Beta 2, Delta 1, Delta 2, Delta 3, Swarn Nagri and sectors 1, 2, 3, 4, 10, 12, 16, 16-B and 16-C have been priced at Rs 51,363 per sqm. In the second category, residential plots in Chi 2, Chi 3, Chi 4, Chi 5, Chi-Phi, P 1 to P 8, PI 1 to PI 4, Sector 36, Sector 37, Sigma 1, Zeta 1, Zeta 2, Mu 1 and Mu 2 are priced at Rs 47,413 per sqm.In the second category, residential plots in Chi 2, Chi 3, Chi 4, Chi 5, Chi-Phi, P 1 to P 8, PI 1 to PI 4, Sector 36, Sector 37, Sigma 1, Zeta 1, Zeta 2, Mu 1 and Mu 2 are priced at Rs 47,413 per sqm.In the commercial category, developed sectors such as Alpha 1, Alpha 2, Gamma 1, Gamma 2, Beta 1 and Beta 2 have recorded the highest rates across categories at Rs 98,776 per sqm. Commercial plots in other sectors are now priced at Rs 92,191, Rs 88,214 and Rs 77,731 per sqm. These properties have a floor area ratio (FAR) of 4.Commercial properties under another category with FAR 2 have been priced at Rs 72,436, Rs 71,119, Rs 69,802 and Rs 62,184 per sqm. Plots reserved for corporate offices are now priced at Rs 77,045, Rs 71,120, Rs 67,169 and Rs 52,020 per sqm.In the industrial category, rates vary according to plot size and location, with smaller plots priced higher than larger ones.In Ecotech 1, Ecotech 3, Ecotech Extension 1, Ecotech 6 and Ecotech 12, industrial plots up to 1,000 sqm are priced at Rs 33,484 per sqm. Plots between 1,001 and 8,000 sqm are priced at Rs 27,457 per sqm, while plots between 8,001 and 20,000 sqm are priced at Rs 26,075 per sqm.Plots ranging between 20,001 and 80,000 sqm have been priced at Rs 22,145 per sqm, while plots above 80,000 sqm are now priced at Rs 21,010 per sqm.The Authority is also developing Ecotech 9, Ecotech 14, Ecotech 17, Ecotech 18, Ecotech 19, Ecotech 20 and Ecotech 21, where rates are comparatively lower for larger plots. In these sectors too, rates remain the same for the first three categories, while the fourth and fifth categories have been fixed at Rs 11,924 and Rs 10,789 per sqm, respectively.Builder plots meant for group housing societies have been priced at Rs 59,266, Rs 55,315, Rs 52,681 and Rs 41,855 per sqm. Institutional plots in different sectors are now priced at Rs 29,632, Rs 27,658, Rs 25,023 and Rs 22,683 per sqm.Additionally, land earmarked for IT parks and data centres has been priced at Rs 26,907, Rs 24,391, Rs 22,722 and Rs 20,330 per sqm, depending on plot size. Properties reserved for religious purposes have been priced at Rs 21,526, Rs 19,133, Rs 16,743 and Rs 14,350 per sqm.The revisions are marginal and carried out in accordance with the cost inflation index, officials said.According to GNIDA additional CEO Sunil Kumar Singh, residential plots in Alpha 1, Alpha 2, Gamma 1, Gamma 2, Beta 1, Beta 2, Delta 1, Delta 2, Delta 3, Swarn Nagri and sectors 1, 2, 3, 4, 10, 12, 16, 16-B and 16-C have been priced at Rs 51,363 per sqm. In the second category, residential plots in Chi 2, Chi 3, Chi 4, Chi 5, Chi-Phi, P 1 to P 8, PI 1 to PI 4, Sector 36, Sector 37, Sigma 1, Zeta 1, Zeta 2, Mu 1 and Mu 2 have been priced at Rs 47,413 per sqm.second category, residential plots in Chi 2, Chi 3, Chi 4, Chi 5, Chi-Phi, P 1 to P 8, PI 1 to PI 4, Sector 36, Sector 37, Sigma 1, Zeta 1, Zeta 2, Mu 1 and Mu 2 have been priced at Rs 47,413 per sqm.In the commercial category, developed sectors such as Alpha 1, Alpha 2, Gamma 1, Gamma 2, Beta 1 and Beta 2 have recorded the highest rates across categories at Rs 98,776 per sqm. Commercial plots in other sectors have been priced at Rs 92,191, Rs 88,214 and Rs 77,731 per sqm. These properties have a floor area ratio (FAR) of 4.Commercial properties under another category with FAR 2 have been priced at Rs 72,436, Rs 71,119, Rs 69,802 and Rs 62,184 per sqm.Plots reserved for corporate offices have been priced at Rs 77,045, Rs 71,120, Rs 67,169 and Rs 52,020 per sqm.In the industrial category, rates vary according to plot size and location, with smaller plots priced higher than larger ones.In Ecotech 1, Ecotech 3, Ecotech Extension 1, Ecotech 6 and Ecotech 12, industrial plots up to 1,000 sqm have been priced at Rs 33,484 per sqm. Plots between 1,001 and 8,000 sqm are priced at Rs 27,457 per sqm, while plots between 8,001 and 20,000 sqm are priced at Rs 26,075 per sqm.Plots ranging between 20,001 and 80,000 sqm have been priced at Rs 22,145 per sqm, while plots above 80,000 sqm have been priced at Rs 21,010 per sqm.The Authority is also developing Ecotech 9, Ecotech 14, Ecotech 17, Ecotech 18, Ecotech 19, Ecotech 20 and Ecotech 21, where rates are comparatively lower for larger plots. In these sectors too, rates remain the same for the first three categories, while the fourth and fifth categories have been fixed at Rs 11,924 and Rs 10,789 per sqm, respectively.Builder plots meant for group housing societies have been priced at Rs 59,266, Rs 55,315, Rs 52,681 and Rs 41,855 per sqm. Institutional plots in different sectors have been priced at Rs 29,632, Rs 27,658, Rs 25,023 and Rs 22,683 per sqm.Additionally, land earmarked for IT parks and data centres has been priced at Rs 26,907, Rs 24,391, Rs 22,722 and Rs 20,330 per sqm, depending on plot size. Properties reserved for religious purposes have been priced at Rs 21,526, Rs 19,133, Rs 16,743 and Rs 14,350 per sqm.The revisions are marginal and and carried out in accordance with the cost inflation index, officials said.
