The Yamuna Expressway Industrial Development Authority (YEIDA) has finalized the rates for purchasing agricultural land from farmers in 55 villages of Bulandshahr. This land will be prepared for industrial use around the Noida Airport. YEIDA made this decision to facilitate the development of new urban areas.
According to a report by Hindustan Times, the Authority's CEO, Arun Vir Singh, finalized the land purchase prices on Tuesday. The CEO said, 'We will present the committee's recommendations to the board to offer better rates to farmers and enable land acquisition for infrastructure and industrial development in the region. The rates are based on those provided in the Gautam Buddh Nagar district. These 55 villages in Bulandshahr have been notified for the planned district, and we've decided on better rates. Once the board officially approves, the Authority will begin purchasing land from farmers.'
What are the Land Purchase Rates?
A committee led by Special Task Officer Bhatia, which includes Additional Chief Executive Officer Kapil Singh and other officials, stated that if a farmer opts for a residential plot (7% of the total acquired land), they will receive a rate of ₹3,800 per square meter. If they do not opt for it, the rate will be ₹4,300 per square meter.
The Authority decided on these rates after farmers demanded the same rate as received by farmers in the neighboring Gautam Buddh Nagar district (₹4,300 per square meter) for providing land for the airport and other infrastructure projects. Officials stated, 'YEIDA has earmarked these villages' land for development because some areas have been illegally developed, and the Authority aims to stop the execution of such unauthorized projects by purchasing land from the farmers.'
In June 2023, YEIDA announced its plan to connect Chola Railway Station in Bulandshahr with the under-construction Noida International Greenfield Airport in Jewar through two new expressways and a rail link. Following this announcement, officials determined the land purchase rates. There will be a 2.5 km gap between the two expressways, and this area will be developed as a warehousing and logistics hub, creating vast business opportunities and employment for people.
