Noida hikes IT plot rates by ₹40,000 per sqm, scraps three categories

The Noida Authority has significantly revised the allotment rates for IT and IT-enabled services (IT/ITeS) plots, fixing a uniform rate of ₹86,000 per square metre. The decision replaces the earlier three-category pricing system, under which rates varied depending on the location and category of the plot.

The new rate will apply to fresh allotments of IT/ITeS plots, including land intended for software parks, data centres, KPOs, BPOs, call centres and online customer-support facilities. Vacant IT/ITeS plots in sectors including 62, 167 and 98 will be offered under the revised pricing structure.

The move is important for Noida's commercial real estate market, particularly as the city continues to strengthen its position as an IT and business hub. A uniform pricing system could make the allotment process simpler while also giving the Authority a clearer framework for future commercial land allocations.

For investors and businesses, the revised rates could influence the overall cost of developing IT and commercial projects in Noida. Developers will need to consider land costs carefully while evaluating new opportunities.

The decision also highlights the increasing value of strategically located commercial land in Noida and the city's continued focus on attracting technology-led businesses.

Source: Hindustan Times