The Yamuna Expressway Industrial Development Authority (Yeida) has officially fixed the rates for purchasing agricultural land from farmers in 55 villages of Bulandshahr district. This move aims to accelerate land acquisition to facilitate industrial and infrastructure development around the Noida airport, part of Yeida’s broader plan to develop new urban areas in the region.
Accelerating Land Acquisition for Noida Airport Industrial Hub
In a significant step toward expanding industrial infrastructure, Yeida has set up a committee led by Shailendra Bhatia to finalize land acquisition rates. The committee’s report was submitted to CEO Arun Vir Singh, who confirmed that the authority will soon begin purchasing land from farmers based on these rates.
The decision follows careful consideration of land rates offered in the neighboring Gautam Budh Nagar district, ensuring competitive compensation for farmers. By notifying 55 villages in Bulandshahr, Yeida intends to secure land promptly for upcoming projects around Noida airport, creating opportunities for industrial growth and urban development.
Fixed Rates for Farmers: Residential and Non-Residential Land Options
The committee has recommended differentiated rates depending on the farmer’s preference for residential plots:
- Farmers opting for residential plots (7% of total land acquired): ₹3,800 per square metre
- Farmers not opting for residential plots: ₹4,300 per square metre
These rates reflect the authority’s effort to offer better compensation than current rates in the adjoining Gautam Budh Nagar district, where ₹4,300 per sqm is the norm for land acquired for airport and infrastructure projects.
Quick Facts Summary
| Aspect | Details |
|---|---|
| Authority | Yamuna Expressway Industrial Development Authority (Yeida) |
| Location | 55 villages in Bulandshahr, near Noida airport |
| Land Type | Agricultural land |
| Residential Plot Option | 7% of total acquired land |
| Rate for Residential Plot | ₹3,800 per sqm |
| Rate for Non-Residential Land | ₹4,300 per sqm |
| Basis for Rate Fixation | Rates offered in neighboring Gautam Budh Nagar district |
| Committee Head | Shailendra Bhatia |
| CEO | Arun Vir Singh |
Official Statements
Arun Vir Singh, CEO of Yeida, stated,
“We will put the committee’s recommendations on the board to offer better rates to farmers and proceed with land purchases essential for the region’s infrastructure and industrial development.”
The committee headed by Shailendra Bhatia added,
“The rates are designed to reflect current market realities and farmers’ demands, ensuring fair compensation while facilitating timely acquisition for development.”
FAQ Section
1. What is Yeida’s purpose in acquiring agricultural land near Noida airport?
Yeida aims to develop new urban areas and industrial infrastructure to support economic growth around the Noida airport.
2. How many villages are affected by Yeida’s land acquisition plan?
A total of 55 villages in Bulandshahr district have been notified for land acquisition.
3. What are the fixed land rates offered by Yeida?
Farmers choosing residential plots will receive ₹3,800 per sqm, while others will be paid ₹4,300 per sqm.
4. Why did Yeida decide to fix these particular rates?
The rates align with compensation offered in the adjoining Gautam Budh Nagar district, ensuring competitive and fair payment for farmers.
5. When will Yeida begin purchasing land from farmers?
Land purchases will start once the authority’s board approves the committee’s recommendations officially.